[SMM afternoon Review] South China Aluminum: traders' enthusiasm for Trading has dropped slightly downstream and on demand

According to market sources, the Vietnam Dak Nong 450,000 mt aluminum project recently made certain progress, with the lower shells of 112 electrolysis cells in the Phase I project undertaken by the company successfully passing overall acceptance inspection. The successful completion of this period marked a phased breakthrough in the construction of the project's core section, safeguarding the on-schedule completion and commissioning of the project.

[SMM Aluminum Alloy Daily Review] The most-traded cast aluminum alloy 2606 futures contract closed at 23,820 yuan/mt in the midday session today, down 265 yuan/mt, a decline of 1.10%. On the spot side, ADC12 market prices were generally lowered. Downstream buyers mainly made just-in-time procurement, and transactions were sluggish. Under the pattern of weak supply and demand on both sides, the price center continued to shift downward. Going forward, attention should be paid to aluminum price trends and marginal improvement on the demand side.

[SMM Aluminum Express News] Canyon Resources has mobilized the surface miner at the Daniel Plateau of its Minim Martap bauxite project in Cameroon. Trial mining operations are scheduled to commence this month (April 2026). First production remains on track for mid-Q2 2026. Upgrade works on the haul road to the Inland Rail Facility (IRF) are progressing as planned. The first seven locomotives were shipped from China at the end of March and are expected to arrive at the Port of Douala in late Q2 2026. The maiden bauxite trial shipment is now scheduled for Q3 2026, with full-scale shipments targeted for Q4 2026. Discussions are ongoing for Canyon to increase its stake in Camrail from 9.1% to over 20%, which would strengthen its control over the mine-to-port logistics chain.