Rusal redujo la producción de aluminio primario en 2025, mientras aumentó la producción de alúmina y bauxita

[SMM Aluminum Express News] Alcoa has agreed to acquire most of South32’s bauxite, alumina, and aluminum assets for an upfront consideration of US$4.1 billion in cash and stock, with potential contingent payments of up to US$750 million linked to future alumina and aluminum prices. The transaction includes South32’s interests in Worsley Alumina (Australia), Hillside Aluminium (South Africa), and bauxite, alumina, and aluminum operations in Brazil, but excludes the idled Mozal smelter in Mozambique. Alcoa expects approximately US$900 million in synergies and believes the acquisition will strengthen its position as a leading pure-play upstream aluminum producer. The deal is expected to close in H1 2027.

[Mideast Situation Adds New Uncertainties, Aluminum Prices Continue in the Doldrums] The dispute over control of the Strait of Hormuz persists, and the resumption of navigation through the strait remains uncertain. The hawkish shift by the US Fed has boosted the US dollar index, weighing on nonferrous metal prices. Under macro headwinds, aluminum prices in and outside China have fallen. In the short term, bearish factors dominate, and aluminum prices are expected to continue in the doldrums.

En 2026, el inventario de lingotes de aluminio de China se ha reducido continuamente desde un máximo de 1.465.000 toneladas a principios de mayo, y a finales de junio, una desacumulación acumulada de 300.000 toneladas lo llevó a 1.165.000 toneladas, acentuándose notablemente el ritmo de desacumulación. La semana pasada, los retiros de almacén se dispararon a 170.000 toneladas, marcando un nuevo máximo semanal en casi cuatro años. Impulsado por tres factores: la proporción de aluminio líquido del lado de la oferta que aumentó más de lo esperado, una demanda de exportación favorable, y...