SMM Alumina Index Shows 31.65 Yuan/Tonne Discount on September 28

Recently, during Fangchenggang City's second commercial aerospace technology, economy, and trade promotion event, Cheng Haifeng—Deputy Party Secretary and General Manager of Guangxi Nannan Aluminum Processing Co., Ltd.—and Zhang Qian—Vice President of Jiangsu Huanyu Qiankun Aerospace Technology Group Co., Ltd.—signed a cooperation agreement on the development and application of aluminum-based aerospace materials. This signing marks a significant step forward for both parties in this field and launches a new journey of deep collaboration. The agreement reflects their mutual recognition of each other's technical capabilities and the market potential within the aerospace materials sector, laying a solid foundation for comprehensive cooperation in R&D, production, and industrial application. Leveraging Nannan Aluminum Processing’s expertise in high-end aluminum processing and Huanyu Qiankun’s professional strengths in aerospace technology, the two companies will jointly undertake the R&D and commercialization of aluminum-based aerospace materials, thereby empowering and enhancing the commercial aerospace industry. Moving forward, the partners will promote resource sharing, technical exchange, and collaborative innovation to continuously improve the technical quality and market competitiveness of their new material products, working together to drive the vigorous growth of the commercial aerospace industry.

On September 28, the SMM alumina index stood at 2,671.35 yuan/tonne, down 0.24 yuan/tonne from the previous trading day. The SMM Shandong alumina index stood at 2,673.53 yuan/tonne, down 0.14 yuan/tonne from the previous trading day; the SMM Henan alumina index stood at 2,692.45 yuan/tonne, down 0.44 yuan/tonne from the previous trading day; the SMM Shanxi alumina index stood at 2,694.06 yuan/tonne, down 0.24 yuan/tonne from the previous trading day; the SMM Guizhou alumina index stood at 2,702.69 yuan/tonne, down 0.51 yuan/tonne from the previous trading day; and the SMM Guangxi alumina index stood at 2,584.02 yuan/tonne, down 0.40 yuan/tonne from the previous trading day.

[SMM Aluminum Express News] Vedanta has asked the Odisha government to accelerate approvals and implementation for an additional ₹1 lakh crore, around US$11 billion, aluminum investment programme in the state. Vedanta Chairman Anil Agarwal met Odisha Chief Minister Mohan Charan Majhi in Bhubaneswar on September 26, with discussions covering a proposed 6 million t/y alumina refinery in Rayagada and 3 million t/y aluminum smelter in Dhenkanal. The Odisha government said the projects could generate more than 200,000 direct and indirect jobs