EGA Reports Record 2.84M mt Cast Metal Production in 2025, Al Taweelah Refinery Output Down Slightly

[SMM Aluminum News Flash] China's social inventory of secondary aluminum alloy ingots in major consumption areas increased by 69 mt from the previous trading day to 30,900 mt. Changes varied across regions, with a slight overall inventory buildup.

Voss, Director General of European Aluminium, stated that the measures taken by the EU were expected to keep more aluminum scrap in Europe in the coming weeks.

[Macro Policy and Tug-of-War Between Sellers and Buyers: Aluminum Prices Move Sideways] The risk of supply disruptions to aluminum outside China has not yet subsided, and there remains a supply gap in ex-China aluminum, with the strong LME market transmitting to China and providing support for aluminum prices. However, the continuation of inventory buildup exceeding expectations in China will weigh on domestic aluminum prices. Meanwhile, tightened invoicing regulations may lead to structural tightness in spot cargo, and the weakening spot market further limits the upside room for domestic aluminum prices. Close attention should be paid to the potential turning point in China's social inventory, which could drive a rebound and rise in aluminum prices.