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It is learned that Shaanxi Province's power generation installed capacity has increased from 72.75 million kilowatts in 2020 to 127 million kilowatts in 2025, with the installed capacity of renewable energy growing by about 2.7 times. Meanwhile, the province has invested a total of 120 billion yuan to strengthen the power grid and expand transmission channels, making the power grid more robust and reliable. Statistics show that during the 14th Five-Year Plan period, Shaanxi put into operation over 10 million kilowatts of clean and efficient coal-fired power generation capacity, and the scale of coal-fired power projects under construction that meet regulations reached a record high for the same period. The total scale of coal-fired power plants undergoing energy-saving and carbon-reduction

On February 4, the main transformer expansion project of the 1000-kilovolt UHV substation in Nanchang has currently completed 40% of the total project volume, and both the equipment foundation pouring and the overhead framework hoisting operations are nearing completion. After the Spring Festival, equipment installation and commissioning work will be fully carried out to ensure the project is successfully completed and put into use in September this year. It is reported that this project is a key UHV main transformer project in Jiangxi Province's 14th Five-Year Plan. The construction scope includes adding one set of 3000 MVA main transformers, one set of 1000-kV switches, four sets of 500-kV switches, and four sets of low-voltage reactive power compensation devices, etc. The total project

Zambia’s mining regulator said it had suspended operations at Mopani Copper Mines’ Mufulira mine after it failed to account for all its underground stuff.

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] Amid the current accelerated reshaping of the global resource competition landscape, China's copper concentrate import pattern is undergoing a profound structural transformation. The latest trade data from 2025 clearly outlines this trend: China is significantly enhancing its capacity to acquire copper concentrate resources from neighboring countries.

As the Chinese New Year holiday is around the corner, Shanghai Metals Market (SMM) hereby informs you of our metal price update arrangement during the holiday period to ensure you can make proper arrangements for your work and business.

Recently, Hangzhou Erxing Auto Parts Co., Ltd. (hereinafter referred to as "Erxing Auto Parts") entered the pre-approval publicity stage for its annual production project of 1 million automotive chassis systems, marking a critical phase in the company's transformation and upgrading in the automotive parts manufacturing sector. This project is expected to inject new momentum into the development of the Yangtze River Delta automotive industry cluster. The announcement indicated that the project had successfully completed the approval process and entered the pre-approval publicity stage of the Hangzhou Municipal Bureau of Planning and Natural Resources in February 2026. It is scheduled to commence construction in Q1 2026 and be completed and put into operation in Q1 2028.

Recently, the signing ceremony for the high-performance battery aluminum foil project between Sichuan Yibin Sanjiang New Area and Anhui Jinyu Co., Ltd. was held. It is reported that Anhui Jinyu Materials Co., Ltd. specializes in the R&D and processing of aluminum series alloy materials. The company currently operates two entities—Tongling Jinyu Aluminum-Based New Materials Company and Anhui Jinyu Materials Co., Ltd.—with three factory sites spanning nearly 500 acres and employing approximately 1,200 staff. Its main products include air conditioner aluminum foil and new energy battery aluminum foil.

After the Start of Spring, in the Luotuoquanzi Industrial Park of Xinxing Development Zone in Xinjiang, red factory buildings stand on the Gobi Desert like desert camels. In the dawn, 360 600KA electrolytic cells were successfully powered up and began operating, with molten aluminum surging like lava. This hot land is rapidly emerging as the largest green aluminum production base in Northwest China, injecting low-carbon vitality into the transformation of energy-intensive industries. The project has a total investment of 5.143 billion yuan and is expected to construct an annual production line of 580,000 mt of aluminum, along with a full set of supporting facilities.

Recently, the No. 3 production line of Chalco Green Materials' Zhaotong, Yunnan 400kt aluminum alloy flat ingot project was put into operation, successfully casting a 5.3-meter-long flat ingot. This marks a significant progress in the deep collaboration between green aluminum smelting and high-end material manufacturing within the Chalco Group.

Due to disruptions from US aluminum tariffs, imports have been hindered and domestic supply is tight, prompting the company to shift from long-term contracts to spot purchasing. Arconic, a major US aluminum producer specializing in aluminum semis for aerospace, automotive, and construction sectors, has a procurement volume of approximately 40,800 mt of aluminum ingots (90 million pounds), which is scheduled for delivery in Q2.

CME plans to approve the establishment of aluminum warehouses in Taiwan and Hong Kong, as this US commodity exchange intensifies efforts to compete with the London Metal Exchange (LME) in the Asian market. These new warehouse locations signify a major expansion of the exchange in Asia, where two-thirds of the world's aluminum was produced last year. Currently, the exchange's base metal warehouses in Asia are limited to Malaysia, Singapore, and South Korea.

According to foreign media: Recently, Emirates Global Aluminium Spectro Alloys (EGA Spectro Alloys) signed a major contract with Presezzi Extrusion, under which the latter will supply core scrap recycling equipment for the former. This marks an important milestone in the company's ongoing efforts to advance aluminum processing technology. Since 2024, Emirates Global Aluminium (EGA) has held an 80% stake in Spectro Alloys. The company is currently further expanding its aluminum recycling capacity in Minnesota, US. In July 2025, the company completed a large-scale expansion, increasing the total annual production of secondary aluminum billets to 120 million pounds.