Commodity Price Bubble Finally Burst, but Metals Demand Will Surge   

[ADC12 Price Daily Review: Aluminum Alloy Futures Move Sideways, ADC12 Spot Supply and Demand in Stalemate] Today, ADC12 market quotations remained stable overall. Cost side, compliant aluminum scrap supply remained tight, procurement costs stayed high, supporting ADC12 prices; demand side, as the traditional off-season deepened further, some downstream enterprises successively entered high-temperature holidays, and order shrinkage led to procurement enthusiasm weakening further.

【SMM Tantalum & Niobium Flash News】 Kazera Global, a company listed on London's AIM market, has disclosed that its Aftan tantalum-lithium project in Namibia has attracted massive cross-border capital investment and acquisition intentions. Leveraging the local sound and transparent mineral traceability system, minerals from this mining area can obtain conflict-free certification, giving it a strong compliance advantage over mining areas in Central Africa. 13 ore-bearing pegmatite veins have been proven in the mining area, boasting sufficient exploration potential, while water-saving dry separation technology can be adopted to control costs. Currently, global demand for tantalum metal continues to rise, with enterprises across the entire industrial chain entering the bidding competition one after another. Multiple institutions have submitted acquisition proposals, and the company is selecting the optimal cooperation plan to maximize shareowner returns.

[SMM Tantalum-Niobium News] In July 2026, the Penouta mine in Galicia, Spain, completed the final approval and officially revitalized production, becoming the only primary tantalum-niobium supply base in the European Union. The mine was previously shut down due to operator bankruptcy, and Australian ETM company acquired the mining rights for 5.20 million euros and received a capital increase of tens of millions of Australian dollars. The mine area is equipped with mature infrastructure and a complete beneficiation production line, which is in line with the core goal of reducing dependence and building a local industrial chain under the European Union's key raw material law. The company has finalized its operational plan and is expected to achieve monetization of tantalum, niobium, and tin concentrates in 2027.