Brazilian Rare Earths Shares Surge 8.7% on Bauxite-Gallium Project Spin-Off Plans

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 May , 2026

[SMM Aluminum Alloy Daily Review] Futures: The most-traded aluminum alloy 2607 futures contract opened at 23,025 yuan/mt today, dipped under pressure to 22,880 yuan/mt in early trading, surged rapidly to 23,300 yuan/mt in the afternoon session before pulling back with fluctuations, and finally closed at 23,140 yuan/mt, up 120 yuan/mt (+0.52%) from the previous day's settlement price. Spot: SMM ADC12 was quoted at 23,600 yuan/mt today, down 100 yuan/mt. The current ADC12 market maintained a pattern of weakness on both the supply and demand sides: on one hand, the structural constraint of tight compliant aluminum scrap supply was difficult to ease in the short term, providing cost support; on the other hand, downstream demand recovery remained sluggish. Against the backdrop of no significant