News

[SMM Aluminum Alloy Daily Review] Domestic ADC12 spot quotes continued to rise, with the mainstream increase reaching 300 yuan/mt. Cost side, supported by raw material prices rising in tandem, the bottom remained solid; demand side, although recovering steadily, downstream enterprises still maintained a just-in-time procurement pace. Driven by the consecutive gains, market sentiment of “rush to buy amid continuous

[SMM Flash] SHFE data showed that on March 3, the total registered cast aluminum alloy warrant volume was 62,228 mt, down 975 mt from the previous trading day. Among them, the total registered volume in Shanghai was 6,070 mt, down 90 mt from the previous trading day; Guangdong was 21,089 mt, down 365 mt; Jiangsu was 8,080 mt, down 180 mt; Zhejiang was 21,162 mt, down 240 mt; Chongqing was 4,534 mt, an increase of 0 mt; and Sichuan was 1,293 mt, an increase of 0 mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Mar , 2026

[SMM News Flash] Inventory of secondary aluminum alloy ingots in major domestic consumption areas decreased by 364 mt MoM from the previous day, with destocking mainly concentrated in the Foshan area.

[SMM Aluminum Express News] Four new locomotives, Foussein, Lanny-Ninkin, Kaporo, and Gbereakhory have entered service on Guinea's TransGuinean corridor rail line, managed by La Compagnie du TransGuinéen (CTG). Primarily built to haul high-grade iron ore from Simandou mine to Morebaya port (650 km), these Wabtec units (part of a 78-locomotive fleet) support heavy loads for faster, reliable shipments. The corridor's high-capacity infrastructure (12 stations, 206 bridges, rugged terrain adaptations) also enables transport of bauxite and other minerals, creating a multi-commodity logistics backbone that could shorten transit for landlocked neighbors (e.g., Mali) and boost regional mineral exports.

[smm cast aluminum alloy morning comment: aluminum scrap prices rise but with regional divergence market supply increases] overnight, the 2604 contract for aluminum alloy opened higher and retreated after a rapid rise. it touched a high of 23,305 yuan/mt at the opening and then fluctuated downward, reaching a low of 22,940 yuan/mt, before rebounding slightly towards the close. it finally closed at 230,450 yuan/mt, down 135 yuan/mt from the previous close, a decline of 0.58%. the futures showed a move downwards after a higher opening, indicating a weakening of short-term bullish momentum. trading volume remained low, and open interest decreased slightly, suggesting a cautious approach to trading.

[SMMA Aluminum Morning Meeting Summary: Ongoing Geopolitical Turmoil SHFE Aluminum Expected to Hold Up Well in Short Term] Overall, the aluminum price showed a trend of first declining then rising around the Chinese New Year, and it is expected that SHFE aluminum will maintain a relatively strong position in the short term.

[SMM Aluminum Express News] The Federal Government of Nigeria and the African Finance Corporation (AFC) have signed a landmark Memorandum of Understanding to co-fund three strategic mining projects. The flagship initiative is a USD 1.3 billion alumina refinery designed to process approximately 1 million tons of bauxite per year using a modern Bayer-process flowsheet. It will feature an on-site gas-fired cogeneration plant to produce steam and electricity for efficient operations. The refinery is projected to run for about 20 years at 95% utilization, yielding a cumulative total of around 19 million tons of alumina over its lifespan.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Mar , 2026

[SHFE Data] According to SHFE data, on March 2, the total registered warrants for cast aluminum alloy were 63,103 mt, a decrease of 1,351 mt from the previous trading day. The total registered amount in Shanghai was 6,160 mt, down 269 mt; in Guangdong 21,454 mt, down 393 mt; in Jiangsu 8,260 mt, down 419 mt; in Zhejiang 21,402 mt, down 180 mt; in Chongqing 4,564 mt, down 30 mt; and in Sichuan 1,293 mt, down 60 mt.

[SMM Aluminum Express News] Aluminium Bahrain (Alba) has entered into an exclusive agreement with American Industrial Partners (AIP) to acquire 100% of Aluminum Dunkerque, Europe's largest primary aluminum smelter, located in Loon-Plage, Dunkerque, France. The site produces ~300,000 tonnes of aluminum per year. Aluminium Bahrain (Alba) will pay the consideration for acquiring Aluminium Dunkerque entirely payable in cash, with funding fully underwritten by a syndicate of relationship banks. Alba has offered a shareholding position to Bpifrance (France's public investment bank) to foster a strategic partnership and support the long-term, sustainable development of the French smelter. Discussions with Bpifrance have started and will continue in the coming days.

On the morning of February 26, the high-alumina clinker project implemented by Damei Company officially commenced trial production. This project is a major industry following the industrial restructuring of the Bosai Group's Nanchuan division, and a powerful engine for Nanchuan District's development of a high-end refractory materials industrial park. The project covers 218 acres, with a total investment of 1.3 billion yuan, and will construct a high-alumina clinker production line with an annual output of 400,000 tons, along with supporting facilities. The project is planned in one phase but implemented in stages, with the first phase, a 200,000-ton-per-year production line, scheduled for completion in the second half of 2025.

On February 26, the Wanjiang Jiangnan Emerging Industry Cluster held a meeting on adhering to innovation-driven development, accelerating industrial agglomeration, and promoting high-quality development. At the meeting, 16 key industrial projects were signed, with a total investment of 7.26 billion yuan. It is reported that in recent years, the cluster has focused on the development direction of its leading industries, actively developing future industries and expanding emerging industries。 The projects signed this time cover fields such as new energy, new materials, electronic information, and high-end equipment, with the quality and technological content of individual projects reaching record highs.