Aluminum Alloy 2607 Rebounds, Spot Prices Rise Amid Cost Pressures

According to foreign media reports, Oman plans to launch three major low-carbon aluminum projects within the Duqm Special Economic Zone (SEZAD). The most notable one is an electrolytic aluminum project invested by CMOC Group Limited. With a total investment of approximately 2.4 billion Omani Rials, the project will be built with an annual electrolytic aluminum production capacity of 530,000 tonnes, supported by downstream deep-processing facilities planned to reach an annual capacity of 620,000 tonnes of aluminum billets and flat ingots.

[SMM Aluminum News] According to CAAM data, auto production and sales in April reached 2.575 million units and 2.526 million units respectively, down 11.7% and 12.9% MoM respectively, and down 1.7% and 2.5% YoY respectively. NEV production and sales in April reached 1.32 million units and 1.344 million units respectively, up 5.5% and 9.7% YoY respectively. NEV sales accounted for 53.2% of total new vehicle sales. According to CAAM's analysis, auto production and sales in April declined slightly compared to the same period last year, with cumulative production and sales declines narrowing further. Specifically, domestic demand still needed improvement and stimulus; exports continued to grow rapidly, providing stable support to the overall market. In detail, the passenger vehicle market decl

[SMM Aluminum Express News] Egypt Aluminum Company confirmed that Trafigura is expected to take a minority stake in the proposed Naga Hammadi expansion project in Egypt. The project remains under feasibility study and negotiation, targeting an additional 300,000 tons per year of aluminum capacity with estimated investment of US$900 million.