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  Aluminum Processing Rebounds to 59.5%, Work Resumes Steadily but Demand Uneven [SMM Analysis]

  According to SMM, as of February 27, 2026, the days of inventories for domestic aluminum rod plants were recorded at 12.7 days, an increase of 8.6 days from before the holiday.In the first week after the holiday, the weekly operating rate of the domestic aluminum wire and cable industry rebounded to 57%, up 4 percentage points MoM, significantly higher than the pre-holiday low of 53%.

• Lithium Ore 3.2-3.6 Market Update [SMM Weekly Review]

• Falling Copper Prices Spurred Downstream Buyers to Replenish Inventories; Overall Trading This Week Was Better Than Last Week [SMM South China Spot Copper Cathode Weekly Review]

• Most-Traded BC Copper Contract Closed Down 0.16% as Inflation Concerns and High Inventories Weighed on Prices [SMM BC Copper Commentary]

• Overseas Aluminum Supply Faces Renewed Turbulence, Processing Fees Under Pressure and Trading at Discounts [SMM South China Spot Aluminum Daily Review]