Jinqiao Green New Materials to Build Pure Electric Low-Carbon Aluminum Alloy Project

China’s aluminum ingot inventory, after hitting a peak not seen in nearly three years in 2026, accelerated its pullback this week. According to SMM statistics, as of June 11, aluminum ingot inventory in major Chinese consumption areas was reported at 1.312 million mt, having cumulatively destocked by nearly 160,000 mt from the early-May high of around 1.47 million mt. The single-week decline this week reached 48,000 mt, clearly steepening the destocking slope...

Discounts in the three regions widened to varying degrees from the beginning of the year to May, which was directly related to the sustained suppression of spot circulation by high inventory earlier. After entering June, as the destocking inflection point has gradually been established, premiums and discounts in the three regions have shown a divergent recovery trend...

On June 6, under the precise matchmaking and full support of the finance bureau of the Sanmenxia Urban-Rural Integration Demonstration Zone (High-tech Zone), Henan Qianbiao Industrial Group Co., Ltd. and Sanmenxia High-tech Investment Group Co., Ltd. successfully signed a cooperation agreement for the project of secondary aluminum recycling and alloy plate and coil rolling production and processing with an annual capacity of 100,000 mt in the zone, marking the official launch of the cooperation project between the two parties.