[SMM Flash] Amnesty Reports Abuses at Rubaya Coltan Mines and Alleged Trafficking to Rwanda​

[ADC12 Price Daily Review: Spot ADC12 Offers Stable; Watch Stockpiling Sentiment Ahead of Dual Festivals] The most-traded AD2611 cast aluminum alloy contract opened at 23,820 yuan/mt today, hitting the intraday high right at the open. It then drifted lower, bottoming at 23,620 yuan/mt at 10:00 before stabilizing and rebounding. After rebounding to 23,710 yuan/mt at 10:45, it pulled back again and closed at 23,670 yuan/mt in the morning session, up 110 yuan, or 0.47%, from yesterday's settlement price of 23,560 yuan/mt.

Lumentum reported fiscal Q4 2026 revenue of $1.006 billion, up 24.5% QoQ and 109.3% YoY. Components revenue reached $649.4 million, rising 102.7% YoY. The company said increasing AI compute speed and bandwidth requirements are driving greater use of optical connectivity in datacenters, alongside accelerating 1.6T cloud-module adoption and growing demand for ultra-high-power CPO lasers. Its fiscal Q1 2027 revenue guidance midpoint reached $1.25 billion. SMM views the expansion of high-speed optical modules and lasers as providing downstream demand support for InP and high-purity indium. However, Lumentum did not disclose InP-specific revenue, shipments or indium consumption, preventing a quantitative estimate of demand growth.

Mongolia’s National Statistics Office reported molybdenum concentrate output, on a contained-metal basis, of 382.0 tonnes in August 2026, down 10.0% MoM but up 8.7% YoY. Jan–Aug output totaled 3,672.5 tonnes, up 9.2% YoY. August production was 42.4 tonnes below July but 30.5 tonnes above a year earlier. Mongolia’s cumulative supply therefore remained ahead of 2025 despite softer short-term output. The table provides no company-level breakdown, so the cause of the monthly decline cannot be confirmed.