Chongqing Successfully Implements First Nationwide Pilot for Imported Aluminum Scrap Inspection

[SMM Aluminum Morning Meeting Minutes: Seasonal Weakness Pressure Dominates, Aluminum Prices in the Doldrums] In summary, under the influence of earlier macro headwinds, a large amount of capital exited with profits, aluminum prices pulled back, and open interest decreased; however, as precious metals did not show a further downward trend, aluminum prices stabilized accordingly. In the short term, aluminum prices are expected to consolidate.

[SMM Aluminum Express News] Emirates Global Aluminium (EGA) and Century Aluminum have selected Bechtel to lead engineering for a new primary aluminum smelter in Inola, Oklahoma—the first new U.S. primary aluminum smelter since 1980. The project could potentially double America's current primary aluminum production capacity. Bechtel is collaborating with sustainability firm ERM to handle permitting, environmental reviews, regulatory compliance, and community engagement. The announcement supports U.S. efforts to reshore critical metals production amid growing demand for domestic aluminum in electrification, defense, and infrastructure.

The alumina futures 2605 contract opened overnight at 2,865 yuan/mt, reached a high of 2,874 yuan/mt during the session, touched a low of 2,852 yuan/mt, and ultimately closed at 2,862 yuan/mt. On the futures front, trading volume shrank significantly by 610,000 lots to 168,000 lots, indicating a notable decline in market activity; open interest decreased by 2,482 lots to 3.31 million lots, reflecting a more cautious funding sentiment. From a technical perspective, the short-term moving average MA5 (2,871) is near the current closing price, while MA10 (2,828.1) and MA30 (2,816.43) form successive support levels below, presenting an overall consolidation pattern.