China's Secondary Aluminum Ingot Inventory Drops by 294 MT in Major Consumption Areas

Trekor Metals reported Q3 2026 molybdenum production of 380,000 lb (about 172 tonnes) at its wholly owned Gibraltar mine, down 32.0% QoQ from 559,000 lb and 31.9% YoY from 558,000 lb. Based on company data, SMM calculates nine-month output at 1.656 million lb (about 751 tonnes), up approximately 54.2% YoY, supported by strong Q1 production. Copper output increased 12% QoQ, highlighting diverging by-product performance. The company did not separately explain the molybdenum decline.

This week, HRC social inventory stood at 3.0987 million mt, up 194,300 mt from the previous week, up 6.69% WoW, up 19.90% YoY, and up 32.36% YoY on the lunar calendar basis. This week, HRC mill inventory stood at 1.1625 million mt, up 20,600 mt from the previous week, up 1.80% WoW, up 5.88% YoY, and up 11.67% YoY on the lunar calendar basis. This week, total HRC inventory stood at 4.2613 million mt, up 214,900 mt from the previous week, up 5.31% WoW, up 15.72% YoY, and up 25.99% YoY on the lunar calendar basis.