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  Analysis of Supply, Demand and Trade Pattern in the Aluminum Market

• Tight Supply Outside China Continues, China’s Inventory Remains Under Pressure [SMM Analysis]

• Aluminum Semis Export Profits Continued to Rise, Recovering to Pre-Rebate-Cancellation Levels [SMM Analysis]

  In Q1 2026, China’s aluminum semis exports showed a pronounced pattern of product-category divergence amid the interplay of three factors: the long-term impact of the cancellation of export tax rebates in December 2024, the divergence in demand structures outside China, and the sudden outbreak of geopolitical conflict in the Strait of Hormuz.....

• [SMM Analysis] The Golden Age of Battery Recycling

• [SMM Analysis] Indonesia’s Battery Recycling Advances Further