Guinea Aims to Build 5 Alumina Refineries by 2030, Boosting Aluminum Industry Position

[SMM Aluminum Alloy Flash] This week, China's social inventory of cast aluminum alloy ingots fell 5,600 mt WoW to 29,700 mt, marking the seventh consecutive week of destocking. Cumulative destocking reached 33,200 mt, but the pace slowed compared to the prior two weeks. The industry operating rate remains low, with limited new warehouse inflows. Meanwhile, the spot-futures price spread stayed in a relatively favorable range, prompting traders to focus on selling, which drove continuous destocking. However, as the traditional consumption off-season deepens, overall market demand remains weak, constraining the destocking magnitude to some extent.

[ADC12 Price Daily Commentary: Aluminum Alloy Futures Consolidate with Upward Bias, Spot Market Weakens as Prices Hold Steady] Today, overall ADC12 market quotations continued to remain stable, with enterprises generally reluctant to adjust prices. On one hand, recent fluctuations in aluminum prices were limited, and the cost side lacked a clear driver, keeping market quotations relatively stable; on the other hand, as traditional consumption...