Japanese buyers set the aluminum rally at 79 US dollars / ton in the third quarter.

[SMM Aluminum Alloy Daily Review] Futures side, the aluminum alloy 2606 contract opened today at 23,390 yuan/mt, then quickly surged to an intraday high of 23,685 yuan/mt, with gains briefly approaching 0.9%. Prices then fluctuated and pulled back, last reported at 23,575 yuan/mt, up 195 yuan/mt from the previous close, a gain of 0.83%. Short-term moving averages turned upward, and the KDJ indicator formed a golden cross at low levels, indicating that short-term rebound momentum saw some recovery. Spot side, the SMM ADC12 price remained flat from the previous trading day at 24,100 yuan/mt. Cost side, aluminum price fluctuations narrowed, offering limited price support. Demand side, although the Labour Day holiday was approaching, downstream orders contracted, leading to weak stockpiling wi

[SMM Aluminum Express News] India has approved a broad-gauge rail line linking Tikiri to the Kutrumali and Sijimali bauxite mines in Odisha, boosting upstream logistics for the aluminum sector. The project, granted Special Railway Project status, will be developed under a PPP model with funding support expected from Kalinga Alumina and Vedanta Limited, improving bauxite evacuation and supply chain efficiency.

The Indonesian bauxite market in 2026 is being shaped by three concurrent developments that, when read together, point toward a meaningful and potentially rapid price recovery. Individually, each is significant. Together, they form a self-reinforcing mechanism that the market has not yet fully priced in.