【SMM Aluminum Flash News】Dali Prefecture Signs Agreement for Aluminum and Alloy Cable Industry Project

[SMM Aluminum Express News] Andromeda Metals has launched an A$3 million (approximately US$2 million) Share Purchase Plan to advance its High Purity Alumina (HPA) Project in South Australia. Eligible shareholders in Australia, New Zealand and Luxembourg can subscribe for up to A$30,000 of new shares at A$0.0059 per share, around a 15% discount to the recent five-day volume-weighted average price. The proceeds will primarily fund completion of the HPA Project’s pre-feasibility study, pilot plant optimisation, technical and engineering work, co-product evaluation and production of commercial samples for prospective customers. Andromeda is targeting 4N HPA, with purity of at least 99.99%, using refined kaolin from its Great White Project. Its South Australian pilot plant has already been commissioned, with commercial-grade samples targeted for customer evaluation during H2 2026 as the company moves from laboratory validation toward pilot-scale commercial evaluation.

[SMM Aluminum Express News] Metro Mining shipped 700,000 WMT of bauxite from its Bauxite Hills Mine in July 2026, despite a temporary outage of its offshore floating terminal (OFT) Ikamba. The Ikamba was taken offline on 20 July to replace four large hydraulic cylinders on Crane 1, returned to service on 27 July, and resumed full-capacity operations on 30 July. Metro deployed geared vessels during the outage to minimise the impact on shipments. Metro also reported 1 million BCM of waste stripping year-to-date, up 140% year on year, following investment in additional equipment and productivity improvements. The higher stripping rate is intended to provide more consistent ore supply as the company increases shipping volumes. Metro maintained its 2026 shipment guidance of 6.6–7.1 million WMT, implying a substantial increase in shipments will be required during the remainder of the year.