East Hope Stops Offering Alumina on Bauxite Shortage, SMM Learns

[SMM Aluminum Express News] Odisha has handed over land documents covering more than 7,000 acres for Adani Enterprises and International Resources Holding’s proposed US$11.5 billion integrated aluminum project, just 67 days after the MoU was signed on July 2. Around 4,000 acres in Sundargarh and 3,000 acres in Rayagada were handed over, marking a significant step from investment commitment toward project implementation. The 50:50 Adani-IRH joint venture plans a 4 million t/y alumina refinery in Rayagada and a 2 million t/y primary aluminum smelter in Sundargarh, alongside a 1 million t/y downstream manufacturing park and 4,000 MW captive power plant, including 400 MW of green power capacity. The project will be developed in two phases, with investment of around ₹66,000 crore in Phase I and ₹44,000 crore in Phase II, and is expected to create around 53,500 jobs.

[SMM 알루미늄 플래시] 중국 3대 주요 소비 지역의 재생 알루미늄 잉곳 일일 재고는 오늘 13,153톤으로 전주 대비 20톤 감소했다.

[거시 금리 인상 기대가 알루미늄 가격을 압박하는 가운데, 중국의 지속적인 재고 감소가 시장을 지지] 전반적으로 알루미늄 가격은 단기적으로 고점에서 횡보할 것으로 예상된다.