[SMM Flash News] LME Aluminum Ingot Inventory Destocked 2,225 mt on May 15

[SMM Aluminum Alloy Daily Review] ADC12 market overall remained stable today. As aluminum prices rebounded, some enterprises slightly raised their quotes, but most still chose to hold prices steady and wait, with overall price adjustments being limited. Fundamentals side, demand was generally stable with slight fall, constraining upside room; cost side, costs rose due to higher aluminum prices, providing support for prices. In additio

According to SMM market research, on May 19 2026, a spot cargo transaction of Guinean ore was identified, with a grade of around 44, and the average price converted to a 45/3 grade basis was reported at $68/dmt.

Greece’s Interministerial Committee for Strategic Investments has approved METLEN Energy & Metals’ EUR 300 million gallium expansion project linked to its existing bauxite mining and alumina refining operations at Aluminum of Greece. The project will also support the expansion of nearby bauxite mines and alumina facilities. Gallium is classified by the EU as a critical raw material used in semiconductors, photovoltaics, AI and defense technologies. METLEN said the investment aims to strengthen Europe’s domestic critical mineral supply chain, reduce import dependence and improve industrial resilience. The project is expected to receive about EUR 118 million in grants and tax incentives.