CMR Green Technologies, India’s largest non-ferrous metal recycler, is expected to make a strong stock market debut after its IPO was subscribed more than 127 times. The INR 6.31 billion (USD 66.3 million) offering attracted strong interest from institutional, non-institutional and retail investors, while grey market premiums indicate a potential listing gain of around 36%. CMR is a leading supplier of secondary aluminum products with an estimated 42-45% share of India’s automotive cast alloy market, serving customers including Maruti Suzuki, Honda Cars India, Bajaj Auto and Hero MotoCorp. The company operates 13 recycling facilities across India and produces recycled aluminum alloys, billets and other non-ferrous metal products. Growing demand from electric vehicles, recycling initiatives and decarbonization efforts is expected to support the company’s long-term growth outlook.

Leveraging the dual-carbon strategy and the development trend of circular economy, China's recycled metal industry has achieved a globally leading scale while facing numerous developmental challenges. To help enterprises seize policy and market opportunities, and address industry challenges, SMM will host the 2026 SMM Recycled Metal Industry Summit Forum & Special Session on Casting Technology in Ningbo, Zhejiang Province on July 16-17, 2026 . Shandong Luyou Renewable Resource Equipment Co., Ltd. and Shandong Huaxuan Intelligent Technology Co., Ltd. cordially invite you to jointly witness and participate in building an international platform for exchange, cooperation, resource sharing, and collaborative innovation, contributing to the construction and improvement of a global resource recycling system and the transition to a green economy. Click to register now. Booth Number: E5 Shandong Luyou Renewable Resource Equipment Co., Ltd. , established in 2008, currently has fixed assets of 680 million yuan, covers an area of 480 mu, and employs over 600 staff. Luyou Equipment Group specializes in producing bridge-cut-off aluminum alloy crushers, aluminum crushers, wheel crushers, various mixed aluminum crushers, eddy current separators, stainless steel separators, and X-ray sorting machines. The company provides on-site planning and design solutions, adhering to the philosophy of "quality builds brands, service enhances brands, brands compete in markets, and sales speak for themselves" to offer comprehensive services to the aluminum scrap processing industry. Main Products : 400-3000 medium and heavy-duty steel scrap gantry shears, 150-type wheeled scrap grabbers, automobile dismantling lines, retired refrigerator dismantling lines, mining equipment: hammer crushers, European-style jaw crushers, vertical shaft sand makers, steel scrap crushers, car shell crushers, car frame crushers, metal balers, bale breakers, waste paper balers, chippers, pig iron chip briquetters, wrought iron chip crushers, roller crushers, and large, medium, and small environmental dust collectors—over 100 varieties of steel scrap processing and decomposition equipment. Luyou people uphold the quality policy of scientific management, meticulous operation, continuous improvement, and pioneering innovation , following quality commitments, service commitments, and credibility commitments, with customer satisfaction as our goal, striving to become a professional, reliable, and guaranteed steel scrap equipment producer. Contact Information Phone: 17080000000 SMM Conference Contact Zhang Xiaoyao +86 15729506965 zhangxiaoyao@smm.cn

[U.S.-Iran Conflict Sees Dramatic Reversal, ECB Rate Hike Weighs on Metal Prices] On the fundamentals side, the supply gap outside China is expected to provide strong bottom support for aluminum prices, and expectations of rising energy costs also create a bullish driver for aluminum prices; this Thursday, the destocking pace of China's aluminum ingot social inventory noticeably accelerated, effectively alleviating the previous high inventory pressure. However, China's high inventory pressure remains relatively pronounced and is expected to limit the upside room for domestic aluminum prices. In the short term, domestic aluminum prices are expected to mainly undergo volatile adjustments.

[SMM Cast Aluminum Alloy Morning Comment: Supply Contracts While Off-Season Demand Suppresses the Market] Overnight, the aluminum alloy 2608 contract retreated after a rapid rise in the night session, opening at 23320, hitting a high of 23355, then fluctuating downward to a low of 23235, and closing at 23240, edging down 30 points (a decline of 0.13%).

[Bullish Sentiment Prevailed in the Market This Week, with Solid Support for the Silicon Metal Bottom]: On the supply side, operating rates at northern silicon enterprises were basically stable, while those in Sichuan and Yunnan slowly improved. However, the pace of overall supply release was limited, with insufficient incremental elasticity. Combined with demand side keeping pace, supply and demand in the industry were broadly balanced recently. Recently, bullish sentiment dominated the market, providing strong support for the silicon metal bottom. Silicon metal prices were constrained in both upside and downside room and may continue to move sideways within a narrow range. Watch for fluctuations in macro expectations and changes in the PV industry, which may cause marginal disturbance to silicon metal.

[SMM Flash] SHFE data showed that on June 11, the total registered warrants for cast aluminum alloy stood at 37,931 mt, a decrease of 1,293 mt from the previous trading day. Specifically, by region: Shanghai (2,897 mt, unchanged), Guangdong (8,165 mt, down 483 mt), Jiangsu (7,711 mt, down 330 mt), Zhejiang (12,484 mt, down 270 mt), Chongqing (5,829 mt, down 60 mt), and Sichuan (845 mt, down 150 mt).