Prebaked Anode Market Faces Short-Term Pressure, Prices Continue Upward Trend in May

[Aluminum Scrap and Secondary Aluminum Weekly Review: Price Difference Between A00 Aluminum and Aluminum Scrap Approaches Low, Rising A00 Substitution Fails to Alter Aluminum Scrap Support Logic] This week, the aluminum scrap market swung wildly following the SMM A00 spot aluminum price, with the sharp narrowing of the price difference between A00 aluminum and aluminum scrap standing out as a prominent feature.

Tata Power Renewable Energy Limited (TPREL) has awarded Suzlon Group a new 400MW wind EPC contract in Andhra Pradesh, lifting the two companies' cumulative wind energy collaboration beyond 1GW. Suzlon will supply, install, commission and maintain 127 units of its 3.15MW S144 wind turbines. The project supports India's renewable energy expansion and decarbonisation goals while further strengthening Suzlon's growing wind energy project pipeline.

MP Materials has filed a lawsuit against USA Rare Earth, alleging the company obtained confidential rare earth magnet technology through former employees and seeking at least USD 5 million in damages. The dispute centres on grain boundary diffusion technology used to improve magnet performance. Both companies denied wrongdoing and continue expanding domestic rare earth production with US government support, highlighting intensifying competition for technology, talent and supply chain leadership as the US seeks to reduce dependence on Chinese rare earth materials.