Latest Update in the SMM Aluminum Market

[SMMS Cast Aluminum Alloy Morning Comment: Cast Aluminum Alloy Fluctuates Upward, Policy Disruptions Intensify Tug-of-War Between Sellers and Buyers of Aluminum Scrap] The aluminum price surged significantly yesterday, with the SMM ADC12 price following suit, rising by 100 yuan/mt to 20,450 yuan/mt. Currently, the supply of aluminum scrap remains tight, leading to a general increase in prices, which in turn pushes up the cost of raw materials for secondary aluminum alloy. Additionally, recent news about the cancellation of tax rebates in multiple regions including Anhui and Jiangxi has led to a strong sentiment among enterprises to raise prices in response to the pressure of increasing costs.

[SMMS Cast Aluminum Alloy Morning Comment: Cast Aluminum Alloy Fluctuates Upward, Policy Disruptions Intensify Tug-of-War Between Sellers and Buyers of Aluminum Scrap] The aluminum price surged significantly yesterday, with the SMM ADC12 price following suit, rising by 100 yuan/mt to 20,450 yuan/mt. Currently, the supply of aluminum scrap remains tight, leading to a general increase in prices, which in turn pushes up the cost of raw materials for secondary aluminum alloy. Additionally, recent news about the cancellation of tax rebates in multiple regions including Anhui and Jiangxi has led to a strong sentiment among enterprises to raise prices in response to the pressure of increasing costs.

[SMMS Cast Aluminum Alloy Morning Comment: Cast Aluminum Alloy Fluctuates Upward, Policy Disruptions Intensify Tug-of-War Between Sellers and Buyers of Aluminum Scrap] The aluminum price surged significantly yesterday, with the SMM ADC12 price following suit, rising by 100 yuan/mt to 20,450 yuan/mt. Currently, the supply of aluminum scrap remains tight, leading to a general increase in prices, which in turn pushes up the cost of raw materials for secondary aluminum alloy. Additionally, recent news about the cancellation of tax rebates in multiple regions including Anhui and Jiangxi has led to a strong sentiment among enterprises to raise prices in response to the pressure of increasing costs.

SMM, May 23: Today, spot primary aluminum prices increased by 10 yuan/mt compared to the previous trading day.

In 2024, the demand for industrial aluminum extrusion in sectors such as automotive and aviation is expected to grow, but it faces challenges such as raw material fluctuations and trade frictions. The annual sales of NEVs may exceed 12 million units, coupled with new opportunities in the "low-altitude economy," prompting aluminum enterprises to accelerate overseas factory construction and layout. SMM initiated a national supplier selection and compiled the "2025 Global Industrial Aluminum Extrusion Procurement Guide." Anhui Bolan New Material Technology, as a benchmark enterprise in secondary aluminum, invested 300 million yuan to build a 100,000 mt intelligent secondary aluminum project, adopting dual-chamber melting technology to achieve efficient recycling of aluminum scrap, with an expected annual output value of 2 billion yuan, driving green transformation.

Global prices for nickel, copper, and aluminum have been wildly swinging the past two years. With application in renewable energy infrastructure via EVs and a vehicle for sustainability goals, the metals are now pivotal commodities of the game of energy transition. Yet, the double pressure of new energy demands and green regulation is still the prime driver of their volatile prices.