Rusal réduira sa production d’aluminium primaire en 2025, tout en augmentant sa production d’alumine et de bauxite

[SMM Aluminum Express News] Alcoa has agreed to acquire most of South32’s bauxite, alumina, and aluminum assets for an upfront consideration of US$4.1 billion in cash and stock, with potential contingent payments of up to US$750 million linked to future alumina and aluminum prices. The transaction includes South32’s interests in Worsley Alumina (Australia), Hillside Aluminium (South Africa), and bauxite, alumina, and aluminum operations in Brazil, but excludes the idled Mozal smelter in Mozambique. Alcoa expects approximately US$900 million in synergies and believes the acquisition will strengthen its position as a leading pure-play upstream aluminum producer. The deal is expected to close in H1 2027.

[Mideast Situation Adds New Uncertainties, Aluminum Prices Continue in the Doldrums] The dispute over control of the Strait of Hormuz persists, and the resumption of navigation through the strait remains uncertain. The hawkish shift by the US Fed has boosted the US dollar index, weighing on nonferrous metal prices. Under macro headwinds, aluminum prices in and outside China have fallen. In the short term, bearish factors dominate, and aluminum prices are expected to continue in the doldrums.

En 2026, les stocks de lingots d’aluminium en Chine ont constamment reculé depuis un pic de 1 465 000 t début mai, et fin juin, un déstockage cumulé de 300 000 t les a ramenés à 1 165 000 t, le rythme de déstockage s’accélérant nettement. La semaine dernière, les retraits des entrepôts ont bondi à 170 000 t, atteignant un nouveau record hebdomadaire en près de quatre ans. Porté par trois facteurs — la proportion d’aluminium liquide du côté de l’offre augmentant plus que prévu, une demande à l’exportation favorable et…