Odisha Mining Corp to Boost Bauxite Output at Kodingamali Mines Amid Strong Alumina Demand

[SMM Aluminum Express News] Arctial said its planned project targets annual aluminium production of ~610,000 tonnes, with a final investment decision (FID) expected in 2027, according to Chief Commercial Officer Maxime Vandersmissen.

[Ex-China Supply Disruptions Combined with Macro Recovery Strengthen Upside Momentum for Aluminum Prices] The risk of ex-China aluminum supply disruptions has not yet subsided, and the ex-China aluminum ingot supply-demand gap will continue to provide support for aluminum prices. Meanwhile, tightened invoicing has restricted aluminum ingot spot liquidity, and a weakening spot market will limit upside room for domestic aluminum prices. However, since April, China's export orders have remained positive, and combined with recent macro tailwinds, a turning point in China's social inventory is expected to emerge, boosting upside momentum for aluminum prices.

[SMM Cast Aluminum Alloy Morning Comment: Aluminum Alloy Futures Fluctuated Higher in Night Session, Cost Support Kept Short-Term Bias to the Upside] The most-traded aluminum alloy 2607 contract opened higher overnight and then fluctuated upward. It opened at 23,605 yuan/mt in the night session, reaching a high of 23,680 yuan/mt and a low of 23,480 yuan/mt. It closed at 23,595 yuan/mt in the night session, up 115 yuan/mt or 0.49% from the previous trading day.