[SMM Aluminum Flash News] India and Myanmar Discuss Rare Earth Cooperation and Critical Mineral Supply Chains

[SMM Aluminum Alloy News] ADC12 aluminum alloy prices continued their upward trend today, with most enterprises raising prices by 100-200 yuan/mt. Under the dual effects of cost support and supply constraints, enterprises generally showed a strong willingness to hold prices firm, actively following the upward trend in their quotations. In the short term, if the tight raw material supply situation does not see significant relief, ADC12 prices may continue to rise, and the market overall is expected to hold up well.

S32 lowered its Q3 2026 CIF MJP offer to $470/mt (from $480/mt), valid until June 5, 2026. As of May 29, the SMM average duty-paid premiums for European P1020A aluminum ingots stood at $587.5/mt, down $12.5/mt WoW; the duty-unpaid premiums for European P1020A aluminum ingots were $500/mt, down $7.5/mt WoW. As premiums in other major consuming regions pulled back, this will have a certain impact on offers and transactions in the Asian market.

The Aluminum Packaging Recycling Organisation (Alupro) has released a new industry manifesto calling for stronger government support to improve aluminium packaging recycling and increase recycled material availability in the UK. The report said rising costs and stricter regulations are pressuring industry competitiveness. Alupro proposed measures including improvements to the Extended Producer Responsibility (EPR) system, prioritising “can-to-can” recycling under the Deposit Return Scheme (DRS), and encouraging higher recycled aluminium usage in packaging. Markets believe the UK and Europe are continuing to strengthen policy support for recycled aluminium and low-carbon packaging to improve domestic supply-chain resilience.