[SMM Aluminum Flash News] Shyam Metalics Starts Commercial Production at Aluminum Foil Plant

In its half-year results announcement, UAE-based EGA unveiled the production resumption timeline for the Al Taweelah smelter, which was forced to shut down following an attack on 28 March. 18% of the plant’s total 1,262 reduction cells have been restarted. Output is projected to return to pre-incident levels in Q1 2027. Capital expenditure for the recovery is estimated at USD 400 million; most spending will be incurred in 2026, with the remainder falling into 2027. The newly built recycling plant is currently operating at 10% capacity, targeting full production by end-Q4 2026. Output at the alumina refinery fell sharply year-on-year in H1 2026. Its capacity recovered to 50% of pre-incident levels in early July.

In its half-year results announcement, UAE-based EGA unveiled the production resumption timeline for the Al Taweelah smelter, which was forced to shut down following an attack on 28 March. 18% of the plant’s total 1,262 reduction cells have been restarted. Output is projected to return to pre-incident levels in Q1 2027. Capital expenditure for the recovery is estimated at USD 400 million; most spending will be incurred in 2026, with the remainder falling into 2027. The newly built recycling plant is currently operating at 10% capacity, targeting full production by end-Q4 2026. Output at the alumina refinery fell sharply year-on-year in H1 2026. Its capacity recovered to 50% of pre-incident levels in early July.

[SMM Aluminum Alloy Daily Review] Today, the average price of SMM ADC12 was raised by 100 yuan/mt. Primary aluminum and aluminum scrap prices continued to rise, and cost support from raw materials further strengthened, leading to a stronger willingness in the market to follow the price rise, with relatively solid support at the bottom of prices. However, the end-user sector is currently in a high-temperature off-season, with mediocre orders and consumption performance. Downstream users mainly made just-in-time procurements, and improvement in spot transactions was limited, as the demand side still e