Domestic Bauxite Port Inventories Rise by 2.12 Million mt Week-on-Week

According to foreign media: As part of an industrial demonstration project funded by the Department of Energy, Century Aluminum has received $500 million to build the most advanced aluminum smelter in the US. The Green Aluminum Smelter Project, led by Century Aluminum Company, will double the country's total aluminum production capacity while reducing emissions of exhaust pollutants by 75% compared to existing aluminum production facilities. This project will be the first of its kind in the country in 45 years and has been hailed as a "major turning point in aluminum production," which is a key factor in the clean energy economy.

[SMM Aluminum Express] Entering March 2026, the operating capacity of newly commissioned aluminum projects in Indonesia and Angola is expected to continue climbing. However, there is a risk of production cuts or halts at the Mozambique aluminum plant. Affected by this, the daily average aluminum production may turn to negative growth. Despite this, high aluminum prices continue to stimulate faster global aluminum supply. The resumption of production at the Iceland aluminum plant is expected earlier than originally planned; the operating rates at other aluminum plants have also slightly increased. Overall, aluminum supply is expected to maintain a growth trend, but global aluminum inventory trends still require ongoing monitoring.

According to foreign media: On a warm afternoon on the 23rd, conversations in Abuja, Nigeria, turned to an industry many had long considered dormant. Nigeria's ambitions in steel and aluminum, often mentioned but rarely realized, have resurfaced as the Minister of Steel Development, Shuaibu Abubakar Audu, received a delegation from the GCL Group (GCL-Liquefied Natural Gas facility). The meeting was not confined to general discussions but focused on a specific proposal. Chinese enterprise GCL expressed its intention to submit a construction plan for a primary aluminum smelter with a designed annual capacity of 3 million mt. The expected cost exceeds $2 billion, and the proposal is anticipated to become one of the most significant industrial projects in Nigeria's metals sector in decades.