China's Secondary Aluminum Alloy Ingot Inventory Down 356 MT, Foshan Leads Destocking

Novelis has published Environmental Product Declarations (EPDs) for selected aluminium products in its European architecture and construction portfolio, providing transparent and independently verified environmental data for customers. The EPDs cover primary aluminium, high-recycled-content alloys and anodized products containing more than 90% recycled aluminium. The company said demand for low-carbon and high-recycled-content aluminium continues to rise as environmental regulations and sustainability certification requirements tighten across the European construction sector. Markets believe the new EPDs will further support the adoption of circular and low-carbon aluminium materials in building applications.

India and Myanmar discussed cooperation on rare earths and critical minerals during talks between Prime Minister Narendra Modi and Myanmar President Min Aung Hlaing in New Delhi. India’s Foreign Secretary said critical minerals and rare earth supply-chain cooperation were key topics during the meeting. Myanmar holds sizeable rare earth deposits, particularly in Kachin state near the Chinese border. The two sides also reviewed regional connectivity projects including the India-Myanmar-Thailand highway and the Kaladan transport project. Markets believe India is accelerating efforts to diversify strategic mineral supply sources amid intensifying global competition for critical minerals.

Aluminum Bahrain (Alba) is expected to acquire Aluminum Dunkerque, Europe’s largest primary aluminum smelter, in a USD2.2 billion deal, subject to EU Foreign Subsidies Regulation (FSR) clearance and other approvals. Aluminum Dunkerque produces around 300,000 tones of aluminium annually, and the acquisition is expected to strengthen Alba’s global low-carbon aluminum strategy. At the same time, French state investment bank Bpifrance will invest EUR100 million for a 6% stake and join the company’s board. Markets believe the deal could further strengthen Europe’s low-carbon primary aluminium supply chain amid growing regional demand for sustainable aluminium.