【SMM Aluminum Flash News】Over 3bn aluminium cans and PET bottles returned as Sweden nears 90% recycling target

On March 29, the UAE’s EGA aluminum plant was hit by Iranian missiles and drones, causing severe damage to its facilities. A damage assessment has been launched, and widespread production cuts were expected, involving total capacity of about 1.55 million mt. Combined with the production cut process initiated earlier this month by Alba and Qatalum, the total scale of production cuts at the three aluminum plants was about 2.43 million mt.

[SMM Analysis]Aluminum Processing PMI Rebounded Sharply to 66 in March, Expected to Pull Back in April

The EU-imposed definitive anti-dumping and countervailing duties ranging from 15.4 per cent to 28.5 per cent on products under CN code ex 7607 11 19 are expected to run until December 9, 2026. The EU duties on Chinese aluminium converter foil came into effect in December 2021, as an effort to address the unfair trade practices found through the investigation in October 2020. The investigation then led to a provisional duty in June 2021, before the final tariffs became effective, with the combined duty range between 16.1 per cent and 46.7 per cent.