[SMM Aluminum Flash News] India’s Leading Recycler CMR Green Technologies IPO Subscribed Over 127 Times

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 Jun , 2026

India is rapidly strengthening its position as a major global aluminum hub, supported by abundant bauxite resources, expanding smelting capacity and strong domestic demand growth. As the world’s second-largest primary aluminum producer, India currently operates around 4.3 million tonnes of smelting capacity led by NALCO, Hindalco, Vedanta and BALCO. Domestic aluminum consumption has reached 4.5-5 million tonnes annually, driven by infrastructure, power transmission, transportation and renewable energy development. However, per capita aluminum consumption remains only 3.4 kg, significantly below the global average, indicating substantial long-term growth potential. India holds approximately 4.9 billion tonnes of bauxite resources and aims to expand aluminum production to 37 million tonnes by 2047. Nevertheless, challenges remain, including mining approvals, carbon-intensive coal-based power generation, raw material import dependence, recycling constraints and CBAM-related carbon costs. As China's expansion slows and global supply chains diversify, India is increasingly viewed as one of the most important candidates to become the next major global aluminum production and consumption hub.