[SMM data] the arrival of goods is on the low side, and the inventory of electrolytic aluminum has continued to drop by 34000 tons compared with last Thursday.

Inner Mongolia Wanjiang Investment Group, together with Xinjiang Sanbao Industrial Group, signed a cooperation framework agreement with the Abai Region of Kazakhstan to jointly advance the implementation of a large-scale green electricity aluminum smelter construction project. The total investment of the project is $1 billion, with a designed annual capacity of 300,000 mt. It will be supported by a 1GW large-scale wind farm to ensure clean energy supply for aluminum production throughout the entire process. According to the construction plan, the aluminum smelter is expected to start construction in March 2027 and be fully completed and put into operation in December 2028. Once completed, it will effectively fill the capacity gap for high-end aluminum products in Kazakhstan.

[US bond fluctuations suppress nonferrous metal valuations, pre-holiday continued destocking supports aluminum prices to consolidate in the short term] Overall forecast: aluminum prices are expected to mainly consolidate and adjust.

[Le stock social d'alliage d'aluminium passe de l'accumulation à la baisse ; le soutien des coûts à court terme reste solide] Selon les données de SMM, le 24 septembre, la prime théorique du prix au comptant SMM ADC12 par rapport au cours de clôture à 10h15 du contrat d'alliage d'aluminium de fonderie le plus négocié (AD2611) était de 790 yuans/tonne......