Anode Export Growth Expected Despite Temporary Pullback in May, Driven by New Capacities in SE Asia and Europe

Published: Jun 26, 2026 18:39

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[SMM Aluminum Bulletin] Looking ahead, the continued release of new aluminum capacity in Southeast Asia and Northern Europe is expected to be the primary driver boosting anode export growth. May exports experienced a temporary pullback due to shifts in Southeast Asian procurement pace and declining demand from the Middle East, but the offsetting effect of new Southeast Asian capacity should not be overlooked. The probability of a near-term recovery in markets like the Middle East and Russia remains low, and exports are likely to fluctuate at lows. Overall, cumulative exports for the full year are still expected to maintain slight positive growth.

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