Report: Chalco’s Xiaoguan mine’s bauxite output hits 3-year high in Oct

US Treasury Secretary Bessent said core inflation has remained stable, and US Fed policymakers should keep an open mind on interest rates. He also believes that productivity gains from artificial intelligence and deregulation measures will help further curb US inflation.

US President Trump said in an interview that negotiations with Iran are expected to continue this week. Trump had previously rejected Iran's proposal to end the war. Trump said Iran wants to reach a deal, but not the deal he wants, and that Iran has overestimated its leverage. When asked whether he would consider resuming military strikes against Iran, Trump said he is always considering it. Sources said the Iranian delegation has no plan to hold a new round of talks with the US side on its agenda and is currently waiting for the US response to the proposal delivered via Qatar. Iranian Foreign Minister Araghchi will return home on Tuesday after completing his scheduled itinerary.

[SMM Aluminum Billet Shipment] According to SMM statistics, aluminum billet shipments from major consumption sites of China totaled 44,800 tonnes during September 21-27, down 300 tonnes from the previous week.