China's 6063 Aluminum Billet Inventory Falls on October 12

[SMM Aluminum Express News] Hindalco partners with Vodafone Idea to deploy private network at Odisha bauxite mine. Hindalco Industries announced on October 8 that it has partnered with Vi Business, the enterprise division of Indian telecommunications operator Vodafone Idea, to establish a dedicated private network at its Baphlimali Bauxite Mine in Rayagada district, Odisha. The multi-year agreement marks Hindalco's first private network deployment and will support digital mining operations through real-time equipment monitoring, fleet management, drone surveillance and improved worker safety. The project will also introduce an Integrated Command and Control Centre to improve operational visibility and data-driven decision-making. Baphlimali is a key bauxite supplier to Hindalco's integrated aluminum operations and recently obtained Aluminium Stewardship Initiative (ASI) certification. The investment is expected to improve mining efficiency and operational reliability, although no additional bauxite production capacity, investment value or commissioning timeline was disclosed.

[Aluminum prices at home and abroad recover from lows and rebound; bullish and bearish factors interweave, keeping aluminum prices in a fluctuating adjustment] Macro-wise, high US Treasury yields and a strong US dollar continue to weigh on the valuation of the nonferrous metals sector. Industry-wise, the actual improvement in demand during China's traditional peak season has not fully met prior expectations, and downstream purchasing has turned more cautious in a high-price environment, weakening support for prices. On Monday, aluminum ingot inventory destocked by 35,000 mt, providing some price support. Overall, short-term aluminum prices face interwoven bullish and bearish factors, and are expected to maintain a fluctuating adjustment trend in the near term.