Indian Alumina Price Rises to $311.5/mt in Overseas Trade, Up from $308/mt in January

[SMM Aluminum Express News] Indonesia's Ministry of Cooperatives and SMEs issued Permen UMKM No. 4/2025 on verification for priority mining license areas (WIUP) for metal minerals & coal. Criteria for SMEs (UKM): 1. Small: capital >Rp1–5B or sales >Rp2–15B/yr 2. Medium: capital >Rp5–10B or sales >Rp15–50B/yr 3. Operated ≥1 year 4. Has unit for micro/small enterprise economic development program 5. Submits commitment letter 6. Implements program ≤3 yrs after IUP Aims to empower capable local SMEs in mining via OSS system verification.

[SMM Aluminum Express News] Arconic Corp. is seeking to purchase about 90 million pounds of aluminum on the spot market for Q2 2026, valued at roughly $218 million at current prices—an unusual shift from traditional long-term contracts. This volume equals ~10% of monthly U.S. aluminum consumption and could further tighten the already constrained market, disrupted by tariff measures

Overnight, the alumina futures 2605 contract opened lower and trended downward. After briefly touching a high of 2,850 yuan/mt at the opening, it fluctuated and pulled back, closing at 2,818 yuan/mt in the final session, marking the intraday low. Trading volume surged significantly by 59,000 lots to 148,000 lots, while open interest increased by 6,579 lots to 306,000 lots. The simultaneous rise in volume and open interest indicates an intensifying tug-of-war between longs and shorts, with active selling pressure strengthening. On the technical indicator front, the short-term moving average system exerted downward pressure on the futures: the closing price clearly fell below both the MA5 (2,838.6) and MA30 (2,832.17), while also breaking through the MA10 (2,823.9) support. The three moving averages are converging but show signs of a bearish alignment, suggesting a weakening short-term technical outlook.