The Government of Guinea has ordered a complete clean-up of mining licenses: President Dumbuya instructed on 8 May that all mining rights of non-compliant companies should be revoked, and has revoked the licenses of two defunct mines, Guiter Mining and Kebo Energy, on 9 May. Officials have also initiated an itemized verification of all project milestones, refinery construction, and FODEL payments; companies that fail to build, pay, or complete ESIAs within the timeframe face steep fines and even the revocation of their mining rights.

Details of the hot topics in the aluminum market in April are as follows......

[SMM Aluminum Morning Meeting Summary: Bullish and Bearish Factors Intertwined in Macro and Fundamentals, Aluminum Prices Expected to Fluctuate Considerably] In terms of macro factors, it will still take time for the transmission of domestic favorable policies to take effect, while positive progress in the Sino-US tariff game may drive up futures prices. In terms of fundamentals, the destocking of domestic aluminum ingot inventory provides support for aluminum prices, but the expected weakening of subsequent demand and the weakening of aluminum production costs both provide support for bears. With insufficient momentum for aluminum prices to break through 20,000, it is expected that domestic aluminum prices will fluctuate considerably in the short term amidst the intertwining of bullish and bearish factors.