Global Primary Aluminum Production Declines in April 2026, China Sees Decrease Too

[Bullish and Bearish Factors Intertwined — Aluminum Prices Maintain LME Outperforms SHFE with Volatile Trend in the Short Term] On the fundamentals side, the supply gap outside China and low inventory continued to provide bottom support, but elevated inventory levels in China remained the core factor suppressing significant price rallies. In addition, weak trading performance in the spot market further limited the upside room for aluminum prices. Aluminum prices are expected to continue the pattern of LME outperforming SHFE and fluctuate at highs in the short term.

India-based aluminum powder and paste producer MMP Industries reported strong FY26 Q4 results, with revenue, operating profit and net earnings rising both sequentially and year-on-year. Quarterly revenue reached about INR 2.5 billion, up nearly 12% YoY and 23% QoQ, while net profit surged 64% to INR 180 million. Operating margin improved from 8% to 9% due to better cost control and operational efficiency. The company said growth was supported by demand from infrastructure, industrial manufacturing and renewable energy sectors. MMP Industries also announced its first-ever final dividend of INR 2 per share, representing a 20% payout ratio.

Sortera Technologies has brought its new recycling facility in Lebanon, Tennessee into full operation this month, doubling the company’s annual processing capacity to about 240 million lbs. The plant uses AI-driven sorting, data analytics and advanced sensor technology to convert mixed aluminum scrap into high-purity recycled materials for the automotive, construction and aerospace sectors. The company said the facility strengthens domestic recycled aluminum supply chains in the US “Battery Belt” and southern automotive corridor, helping reduce reliance on imported materials. Sortera added that its recycled aluminum production uses about 95% less energy than primary aluminum production.