[SMM Flash News] New Expansion of Nag Hammadi Aluminum Complex to Increase Annual Capacity by 300,000 mt

According to Qichacha information, Chongqing New Aluminum Era Intelligent Manufacturing Technology Co., Ltd. was officially established recently. Its business scope is extensive, covering industrial robot sales, special-purpose robot manufacturing, intelligent robot R&D, as well as artificial intelligence hardware sales and artificial intelligence application software development, among other fields. Qichacha's equity penetration analysis shows that the company is jointly held by enterprises including New Aluminum Era.

[Geopolitical Disruptions Combined with Elevated Inventory Highlight LME Outperforming SHFE in Aluminum Market] Overall, the core pattern of LME outperforming SHFE in the aluminum market is difficult to reverse in the short term. LME strength will support room for SHFE aluminum to catch up after the holiday, but high domestic inventory and weak demand will cap overall gains. Going forward, the focus will be on the pace of aluminum ingot destocking in China and the strength of rigid demand release from downstream resumption of work and production resumptions.

Alumina Transactions: On May 6, 2026, two alumina deals were concluded, each with a trading volume of 30,000 mt, at transaction prices of $345.75/mt FOB Brazil and $346.5/mt FOB Brazil, respectively, both for June shipment.