[SMM Aluminum Flash News] MRAI Urges India to Remove 2.5% Import Duty on Aluminium Scrap

[Mideast Situation Remains Volatile and Uncertain, Aluminum Prices Consolidate and Adjust] Overall, the Middle East situation remains volatile, market concerns over interest rate hikes persist, and supply continues to recover. However, the destocking pattern is difficult to reverse in the short term. Amid the tug-of-war between longs and shorts, aluminum prices are expected to consolidate and adjust in the near term. Going forward, close attention should be paid to the progress of production resumptions and the trend of geopolitical conflicts in the Middle East, changes in LME aluminum ingot inventories, and the condition of downstream processing orders in China.

[SMM Cast Aluminum Alloy Morning Comment: Aluminum Scrap Imports Post Third Straight Monthly Decline in June 2026, Continually Reshaping Aluminum Alloy Trade Patterns] Currently, the secondary aluminum alloy market remains in the off-season, with downstream order releases limited. End-user procurement stays need-based, overall trading activity is relatively subdued, and the demand side provides insufficient support for price increases. Meanwhile, aluminum prices remain...

[SMM Aluminum Express News] U.S. President Donald Trump signed a proclamation introducing a new Section 232 tariff incentive aimed at encouraging companies to onshore aluminum production and manufacturing in the United States. Companies that submit and execute approved domestic investment plans may qualify for a reduced tariff rate equal to half of the applicable Section 232 duty, while firms that fail to meet their commitments could face repayment of the forgone duties with interest. The program is designed to boost domestic primary aluminum capacity, strengthen supply chain resilience and attract investment in U.S. aluminum production and downstream manufacturing. The Commerce Department will oversee company investment plans and determine eligibility for the reduced tariff treatment.