Background: South Korea boasts well-developed electronics, automotive, and aerospace industries, which generate substantial demand for aluminum ingots. For instance, in automotive manufacturing, aluminum ingots are used to produce engine blocks and auto body structural components, contributing to vehicle lightweighting, improved fuel economy, and enhanced performance. In the electronics industry, aluminum ingots are utilized to manufacture electronic product casings and heat sinks. However, South Korea's domestic aluminum ingot production falls short of meeting the demands of these industries, necessitating significant reliance on imports to bridge the gap. Currently, South Korea ranks as the largest importer of aluminum ingots in Asia, excluding China. SMM has introduced the FCA Korea aluminum ingot spot premium to serve as a reference for market settlement.

Recently, Tesla released its financial results for the first quarter of 2025.

It’s official, DRC-Africa Battery Metals Forum is moving to Kolwezi and is taking place from 29-30 September 2025.

On April 24, at the CCIE 2025 SMM (20th) Copper Industry Conference & Copper Industry Expo - Copper-Based New Materials High-Quality Development Forum, hosted by SMM Information & Technology Co., Ltd., SMM Metal Trading Center, and Shandong Aisi Information Technology Co., Ltd., Yu Shaoxue, Senior Manager of SMM Industry Research, discussed the theme of "Global Copper Foil Industry Landscape and Market Outlook for 2025."