Aluminum Alloy 2607 Rebounds, Spot Prices Rise Amid Cost Pressures

[SMM Aluminum News] According to CAAM data, auto production and sales in April reached 2.575 million units and 2.526 million units respectively, down 11.7% and 12.9% MoM respectively, and down 1.7% and 2.5% YoY respectively. NEV production and sales in April reached 1.32 million units and 1.344 million units respectively, up 5.5% and 9.7% YoY respectively. NEV sales accounted for 53.2% of total new vehicle sales. According to CAAM's analysis, auto production and sales in April declined slightly compared to the same period last year, with cumulative production and sales declines narrowing further. Specifically, domestic demand still needed improvement and stimulus; exports continued to grow rapidly, providing stable support to the overall market. In detail, the passenger vehicle market decl

[SMM Aluminum Express News] Egypt Aluminum Company confirmed that Trafigura is expected to take a minority stake in the proposed Naga Hammadi expansion project in Egypt. The project remains under feasibility study and negotiation, targeting an additional 300,000 tons per year of aluminum capacity with estimated investment of US$900 million.

[SMM Express] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas increased by 200 mt from the previous trading day to 30,800 mt, continuing a slight inventory buildup trend.