China Cast Aluminum Alloy Ingots Inventory Down 2,700 mt WoW, Ending Six-Week Buildup Trend

[Aluminum ingot destocking trend continues before the holiday, providing strong support for aluminum prices fluctuating at highs] Overall, it is expected that aluminum prices will consolidate at highs in the short term.

[SMM Aluminum Express News] METLEN Energy & Metals will invest nearly €25 million in its EP.AL.ME. recycled aluminum operation in Greece, installing highly automated sorting, processing and melting equipment. The upgrade will allow EP.AL.ME., Greece’s largest independent recycled aluminum producer, to process more complex scrap streams, particularly post-consumer scrap recovered from end-of-life products that has previously been difficult to incorporate efficiently. The investment will more closely integrate EP.AL.ME. with METLEN’s Aluminium of Greece primary aluminum plant, with combined production expected to exceed 250,000 tonnes once the project is fully developed. EP.AL.ME. will act as the collection, sorting and scrap pre-processing hub, while Aluminium of Greece will incorporate recycled metal into higher-value aluminum products. METLEN said the integration should also improve margins at both operations.

[SMM Aluminum Flash] On September 23, LME aluminum inventory stood at 241,400 mt, down 750 mt from the previous day, a decrease of 0.31%. Over the past week, LME aluminum inventory decreased by 2,225.00 mt, a decline of 0.91%. Over the past month, LME aluminum inventory decreased by 5,550.00 mt, a decline of 2.25%.