China Shanxi Approves 700,000-tpy Aluminum Alloy Project

Today, SHFE aluminum futures slightly declined compared to yesterday's morning session, prompting traders holding goods in the central China market to actively raise their quotes. However, limited by weak actual purchasing sentiment among buying traders and downstream processing enterprises, transactions were poor, with sellers' transaction prices significantly deviating from their quotes. Ultimately, the actual transaction price range in the central China market was around a discount of 70-90 yuan/mt against the SHFE aluminum October contract.

[Aluminum Prices Find Temporary Support as China-US Presidential Meeting Looms and Destocking Accelerates] Overall, aluminum prices are expected to consolidate at highs in the short term.

[SMM Aluminum Express News] Novelis is reducing production and cutting around 80 jobs at its Kingston, Ontario aluminum plant, citing the cost of US Section 232 tariffs on Canadian aluminum entering the United States. The cuts affect roughly one-third of the plant’s workforce, comprising 10 salaried positions and temporary layoffs of around 70 hourly workers. The Kingston facility will remain operational at reduced volumes, with hourly workers potentially recalled if production increases.