SHFE Cast Aluminum Alloy Warrants Drop to 17,553 mt on August 3

[SMM Aluminum Express News] Indonesia has clarified that the recent rare earth element (REE/LTJ) issue does not constitute a blanket ban on alumina exports, despite market concerns following the detention of an alumina shipment. The government said the current regulations prohibit exports of REEs as a primary commodity, while alumina exports remain subject to existing export regulations and are not automatically restricted due to incidental REE content.

Rio Tinto-operated Bell Bay Aluminum has been excluded from Australia's AUD 2 billion Green Aluminum Production Credit scheme, increasing pressure on the smelter to secure a long-term power agreement before the end of the year. Bell Bay is Australia's only predominantly renewable-powered primary aluminum smelter, with an annual production capacity of 187,000 tonnes. The facility accounts for around 25% of Tasmania's electricity consumption and exports more than 90% of its aluminum production to Asian markets. Without competitive power pricing and government support, the smelter faces uncertainty over its operations beyond 2026.