[SMM Aluminum Flash News] US Gallium Strategy Remains Heavily Dependent on Jamaican Bauxite

[SMM Aluminum News Flash] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas decreased by 94 mt from the previous trading day to 31,300 mt.

Citi Research downgraded Norsk Hydro to “neutral” from “buy” after the company’s shares rose about 25% since February, driven by stronger aluminum prices. Citi also raised its target price from NKr105 to NKr110. Aluminum prices have climbed around 20% this year, outperforming copper’s 12% gain. Citi said Middle East geopolitical disruptions have removed about 3 million tones of aluminum production capacity from the market, supporting prices. As a result, Citi raised Hydro’s 2026 EBITDA forecast to NKr37 billion and estimated that every 10% increase in aluminum prices could add around NKr7.3 billion to group EBITDA.

Bering Yachts has launched the first hull of its aluminum BC60 expedition catamaran, marking the debut of the 60ft (18.3m) model designed for long-range cruising and shallow-water access. The vessel has a draft of about 1.3m and carries more than 13,500 liters of fuel, offering a range exceeding 3,000 nautical miles. The company said the displacement hull design improves stability while reducing noise and vibration during extended voyages. The yacht can be configured with four to six cabins and supports multiple customized layouts, highlighting the growing use of aluminum vessels in the high-end yacht and expedition market.