Apple commits up to US$100 million to US titanium supplier

[ADC12 Price Daily Review: Aluminum Alloy Spot Prices Hold Steady, Market Continues Range-Bound Consolidation] The ADC12 market was largely stable and wait-and-see today, with SMM ADC12 market quotes holding steady at 24,500 yuan/mt from the previous day. Although aluminum prices rebounded somewhat, the recovery was limited, and bullish sentiment in the market has yet to recover significantly, leaving enterprises with insufficient motivation to increase their quotes.

Preliminary figures released by Peru’s Ministry of Energy and Mines show that contained-molybdenum production fell 10.4% from July to 3,233.3 tonnes in August 2026, although it rose 12.5% year on year. Sociedad Minera Cerro Verde produced 698.7 tonnes, about 313.5 tonnes less than in July. Anglo American Quellaveco produced 497.2 tonnes, up 8.5% from July and 38.8% year on year. Peru’s January-August total was 25,617.3 tonnes, down 0.2% year on year. Company figures represent full-mine contained-metal production, not shareholders’ attributable output or molybdenum concentrate product mass.

Africa supplied an estimated 2,133 tonnes of mined tantalum in 2025, about 85% of the global total. The DRC, Rwanda and Nigeria dominated output, though mine-level reporting remains uneven. Coltan concentrate, contained metal and future oxide targets measure different things. Projects in Malawi, Tanzania, Kenya, Gabon and Côte d’Ivoire could diversify supply, but funding, processing, site access and traceability will determine when they produce.