루살, 2025년 1차 알루미늄 생산량 감소, 알루미나·보크사이트 생산량 증가

[SMM Aluminum Express News] Alcoa has agreed to acquire most of South32’s bauxite, alumina, and aluminum assets for an upfront consideration of US$4.1 billion in cash and stock, with potential contingent payments of up to US$750 million linked to future alumina and aluminum prices. The transaction includes South32’s interests in Worsley Alumina (Australia), Hillside Aluminium (South Africa), and bauxite, alumina, and aluminum operations in Brazil, but excludes the idled Mozal smelter in Mozambique. Alcoa expects approximately US$900 million in synergies and believes the acquisition will strengthen its position as a leading pure-play upstream aluminum producer. The deal is expected to close in H1 2027.

[Mideast Situation Adds New Uncertainties, Aluminum Prices Continue in the Doldrums] The dispute over control of the Strait of Hormuz persists, and the resumption of navigation through the strait remains uncertain. The hawkish shift by the US Fed has boosted the US dollar index, weighing on nonferrous metal prices. Under macro headwinds, aluminum prices in and outside China have fallen. In the short term, bearish factors dominate, and aluminum prices are expected to continue in the doldrums.

2026년, 중국의 알루미늄 잉곳 재고는 5월 초 146.5만 톤 고점에서 지속적으로 감소해 6월 말까지 누적 30만 톤이 줄어든 116.5만 톤을 기록했으며, 재고 소진 속도가 크게 가팔라졌습니다. 지난주 창고 출고량은 17만 톤으로 급증하며 약 4년 만에 주간 최고치를 경신했습니다. 공급 측면에서 액상 알루미늄 비중이 예상보다 크게 증가한 점, 견조한 수출 수요, 그리고...