According to SMM data, China's aluminum billet inventory in major consumption regions fell to 154,500 mt on June 11, down 8,000 mt from last Thursday and down 5,500 mt from Monday, with the destocking pace further slowing. From the perspective of warehouse withdrawals, aluminum billet withdrawals recorded 51,700 mt during June 1–8, down 4,100 mt WoW.

Radiance Renewables has commissioned an 87MW solar project at Korwar in Karnataka. The project is expected to generate around 3.48 million MWh of clean electricity over its lifetime and avoid about 2.96 million tonnes of CO₂ emissions. It is equipped with CEA-compliant reactive power compensation systems and is designed for future BESS integration. The project will supply renewable power to customers in sectors including data centers, FMCG and automotive

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.

[Announcement on Ansteel and Bensteel Group's July 2026 Domestic Futures Selling Price Adjustments for Sheets & Plates in China] Ansteel’s price policy for July 2026, adjusted based on the June 2026 price policy, is as follows: 1. Hot-rolled: flat. 2. Pickled: flat. Automotive steel: flat. 3. Cold-rolled: flat. Automotive steel: flat. Additionally: Anshen high-strength wire grades 590MPa, 780MPa, 980MPa, and 1180MPa: flat. 4. Hard cold-rolled: flat. 5. Galvanized: flat. 6. Non-oriented silicon steel: flat. 7. Color-coated: flat. 8. Medium-thickness plates: flat. 9. Wire rods: flat. 10. Rebar: flat. 11. Alloy surcharges: please refer to the price list. Marketing Center of Ansteel Co., Ltd. June 11, 2026 Bensteel Group’s price policy for July 2026, adjusted based on the June 2026 price policy, is as follows: 1. Hot-rolled: flat. 2. Pickled: flat. Automotive steel: flat. 3. Cold-rolled: flat. Automotive steel: flat. 4. Hard cold-rolled: flat. 5. Galvanized: flat. 6. Electrogalvanization: flat. 7. Non-oriented silicon steel: flat. 8. Wire rods: flat. 9. Rebar: flat. 10. Special steel: flat. 11. Alloy surcharges: please refer to the price list. Bensteel Plate Marketing Center and Beiying Business Center June 11, 2026

As the NEV market develops, Malaysia is accelerating the establishment of a power battery recycling system. MARii estimates that by 2050, the country will need to recycle or dispose of 870,000 EV batteries. Currently, Malaysia has established a relevant regulatory framework and introduced the first EV battery passport standard in ASEAN (MS 2818). Meanwhile, Econili Battery New Energy has completed construction of a 24,000 mt/year power battery recycling project and plans to further expand its recycling capacity.

【SMM Steel】Atlas Tube, a Zekelman company, has agreed to form a joint venture with Maruichi USA combining their North American steel tube operations under Atlas Tube’s management. The JV is expected to be finalized in late June 2026. Zekelman has 17 manufacturing locations across North America with over 3200 employees and 3.3 million tonnes of annual capacity. Maruichi USA operates six facilities across the US and Mexico serving automotive construction and infrastructure sectors. Maruichi Leavitt Pipe & Tube has over 65 years of manufacturing history producing ASTM A500 A513 A53 and JIS G3445 specifications.