[SMM Aluminum Flash News] Toyota Establishes Closed-Loop Aluminum Recycling System for Hybrid Vehicle Production in UK

[SMM Aluminum Alloy Daily Review] Today, the cast aluminum alloy 2608 contract moved downwards after a higher opening, then rebounded strongly, closing at 23,150 yuan/mt, up 155 yuan from yesterday's settlement price, an increase of 0.67%. Open interest increased by 531 lots to 15,326 lots, with the rise in open interest and price suggesting a bullish signal. In the short term, watch whether the resistance at the 23,200 yuan/mt level can be effectively broken.

Scandium Canada has partnered with the University of Waterloo to develop aluminum-scandium alloys for additive manufacturing applications. The collaboration between Scandium+ and Waterloo’s Multi-Scale Additive Manufacturing Laboratory (MSAM) will initially focus on establishing manufacturing parameters for Laser Powder Bed Fusion (L-PBF) metal 3D printing. The project aims to expand the commercial adoption of aluminum-scandium alloys while reducing production costs. Known for their high strength, lightweight properties and resistance to cracking, aluminum-scandium alloys are considered attractive for aerospace and defense applications. The initiative will also support the development of a North American scandium supply chain and generate technical data needed for wider industrial adoption.

MBK Partners has completed its acquisition of Japanese aluminum packaging producer Altemira Holdings from Apollo Global Management in a deal valued at approximately JPY130 billion (USD811 million). The transaction cleared Japan’s economic security review despite Altemira’s exposure to lithium-ion battery materials. Formed in 2022 through the integration of aluminum businesses from Resonac Holdings and Mitsubishi Materials, Altemira produces aluminum cans, foil, rolled and extruded products while operating a comprehensive recycling network. Industry observers noted that the deal faced fewer national security concerns than MBK’s previously withdrawn bid for Makino Milling Machine. MBK plans to leverage Altemira’s manufacturing and recycling assets in Japan and Vietnam to expand across Asia and grow higher-value industrial aluminum products.