EBRD Loans €13.7M to Alumil Misr for New Aluminum Extrusion Line in Cairo Plant

[SMM Aluminum Express News] East Hope Group to be mentioned that they have reached an MoU to acquire 5 bauxite IUP in Indonesia from PT Bino Artomas Mineral Group. The 5 IUPs has never been on operation yet; however, geology review has been conducted in the Indonesian lab. It will cost around USD 200 - USD 250 mn for all 5 IUP with an area of more than 100,000 hectares in Ketapang, North Kayong, and Melawi. Current status: East Hope will gather geologist team to conduct the geology review again based on the Chinese lab. 5 IUP mentioned: PT Panca Raja Perkasa PT Cakra Internusa PT Rejeki Jaya Mandiri PT Bino Artomas Mineral PT Ridatama Cahaya Abadi

[SMM Cast Aluminum Alloy Morning Comment: Overseas Aluminum Supply Disruptions Persist; Aluminum Alloy Futures Surged Sharply Overnight] On Wednesday, ADC12 prices continued to rise, with mainstream quotations raised by 100–300 yuan/mt, driven by the rapid rise in raw material costs. Market quoting sentiment was slightly divided: some enterprises, supported by costs, actively followed the rally, with increases of 200–300 yuan/mt; others believed this round of gains was more macro-driven, with insufficient fundamental support, and that prices face pullback risks, cautiously following up by 100 yuan/mt while staying on the sidelines.

[SMM Aluminum Morning Meeting Minutes: Aluminum Bahrain Encounters Force Majeure; LME Aluminum Prices Hit a New High Since 2022] Overall, driven by both expectations of a widening overseas supply gap and risk-averse market sentiment, aluminum price fluctuations have further intensified, and SHFE aluminum prices are expected to maintain a fluctuate upward trend in the short term.