Hydro Energi and Varberg Energi Sign 18-Month Hybrid Power Agreement for Stable Renewable Supply

[SMM Aluminum Express News] India’s Multi Commodity Exchange (MCX) plans to invest up to ₹200 crore (around US$21 million) to establish separate electronic exchanges for coal and minerals, as India moves to improve domestic price discovery and transparency in physical commodity trading. MCX Managing Director Praveena Rai said around ₹100 crore would be invested in each platform. SEBI has already approved MCX’s investment in the proposed mineral spot exchange, while MCX incorporated its coal exchange subsidiary earlier this year. The mineral exchange is expected to facilitate physical delivery-based trading in commodities including iron ore and bauxite, with buyers and sellers transacting through a centralised electronic platform rather than the exchange simply providing another futures contract. India’s new mineral-exchange framework provides for standardised contracts, assaying, clearing and settlement, with the Indian Bureau of Mines (IBM) responsible for registering mineral exchanges. MCX expects the new coal and mineral platforms to become operational in the financial year beginning April 2027, subject to remaining regulatory approvals.

[SMM Aluminum Express News] Saudi Arabia’s Talco Industrial Company has extended its memorandum of understanding to acquire Al Sharqiyah Factory for Aluminium Extrusion for another six months. The extension runs from 12 August 2026, allowing the parties additional time to complete the necessary procedures and negotiations for the proposed transaction. The original non-binding MoU was signed in November 2025. The proposed acquisition would expand Talco’s exposure to downstream aluminum extrusion manufacturing in Saudi Arabia. Al Sharqiyah Factory operates as a limited liability company engaged in aluminum extrusion, and the extension indicates that the transaction remains under evaluation rather than having reached a final acquisition agreement. The financial terms and final transaction structure have not yet been disclosed.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 19 Aug , 2026