[SMM Aluminum Flash News] Novelis and Infinitum Renew Recycling Partnership, Strengthen Supply and Decarbonization Goals

[SMM Aluminum Express News] Vedanta has announced a major restructuring plan to demerge its businesses into four independent companies (Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power, and Vedanta Oil and Gas), effective May 1, 2026. The demerger aims to simplify the group’s corporate structure, create focused sector-specific companies, and attract direct investment from global investors, sovereign wealth funds, retail participants, and strategic partners.

Trump stated that extending the ceasefire agreement with Iran was "extremely unlikely." Meanwhile, Vance plans to head to Pakistan later on Monday. He emphasized that the Strait of Hormuz would not be opened until the relevant agreement was signed. In addition, the ceasefire agreement is set to expire on the evening of the 22nd Washington time (i.e., the morning of the 23rd Beijing time), and if it expires, the situation could become as severe as a bomb going off. On the issue of the blockade against Iran, Trump said he would consider the suggestions put forward by Pakistan. He also denied the claim that the US had been dragged into the conflict by Israel.