Walk the bauxite-alumina-aluminum value chain across Central Asia's five republics and the picture resolves quickly: one country runs the whole chain, one runs a piece of it, and three play no meaningful role at all. That picture, however, may be on the verge of a significant shift.

This week, the Chilean government officials are visiting India and the Indian government has setup a meeting with the major industry players including Adani, Vedanta, Hindalco etc.The agenda includes potential agreements on import of ore's from Chile. A team from Codelco, is also part of the visit, and it is highly likely that a supply agreement for copper concentrate between Codelco and Adani new smelter will be signed.

According to customs data, in August 2024, China's total FeNi+NPI imports were 522,300 mt in physical content, down 36.4% MoM and 42.6% YoY.

In July, China's copper cathode output was 1.0282 million mt, up 2.31% MoM (+23,200 mt) and 11.05% YoY, exceeding the expected 1.0166 million mt by 11,600 mt. The output from January to July totalled 6.9465 million mt, up 461,400 mt YoY (+7.11% YoY).

According to the SMM survey, China's stainless steel production in July 2024 was approximately 3.1838 million mt, down 1.44% MoM and 2.13% YoY.

SHANGHAI, Jun 1 (SMM) – Before 2020, NPI capacity was transferring from China to Indonesia, thus China's market share gradually shrank.

SHANGHAI, Jun 1 (SMM) – At the opening of the SMM 2023 Indonesia International Nickel and Cobalt Industry Chain Conference on May 30, SMM is honoured to have invited Luhut, Minister of the Coordinating Ministry of Maritime Affairs and Investment Republic Indonesia and several other important Indonesian government officials.