[SMM Flash News] LME aluminium ingot stocks drew down by 1,500 tonnes on June 23

[SMM Aluminum Express News] Norsk Hydro said its majority-owned Slovak joint venture, Slovalco, has secured an agreement with the Slovak government to partially restart primary aluminium production in Q4 2026 following a four-year shutdown. The restart will initially bring back 75,000 tpy of smelting capacity, supported by a new long-term power supply agreement and compensation for indirect carbon costs under the EU Emissions Trading System. Slovalco plans to invest €100 million to resume operations, while the restart of the remaining 100,000 tpy of capacity will depend on market conditions and additional power contracts beyond 2030.

[SMM Flash News] SHFE data showed that on July 1, total registered warrants for cast aluminum alloy stood at 29,603 mt, down 1,863 mt from the previous trading day. By region, the registered volumes were: Shanghai 3,171 mt (down 89 mt), Guangdong 4,680 mt (down 121 mt), Jiangsu 5,729 mt (down 542 mt), Zhejiang 9,046 mt (down 662 mt), Chongqing 4,628 mt (down 90 mt), and Sichuan 815 mt (down 30 mt).