Ex-China ADC12 Prices Drop, Inversion with China Narrows but Import Window Remains Closed

On June 10th, the groundbreaking ceremony was held for the Qinghai Provincial Investment Group Qiaotou Aluminum & Electricity 600kA Green Aluminum 500,000-ton Capacity Replacement, Transformation and Upgrading Technological Transformation Project. Located in Beichuan Industrial Park, Datong Hui and Tu Autonomous County, Xining City, Qinghai Province, the project has a total construction area of ​​255,693.44 square meters. Its main components include raw material storage and transportation, anode assembly production area, electrolytic flue gas purification system, casting system, GIS power rectification system, and other production systems, as well as necessary auxiliary systems, a comprehensive office building, and living facilities. The structure is a reinforced concrete frame structure.

Qatar Aluminium Manufacturing Company (Qamco) confirmed on Sunday that it has terminated its marketing agency relationship with its partner, Norway's Hydro, in their joint venture, Qatalum. The company did not specify the reason. "Following the termination of the partnership, Qatar Aluminium will temporarily assume responsibility for the marketing and sales of its aluminum products," Qatalum said in a statement. It added that the company will continue constructive communication with Hydro to ensure an orderly transition. It is reported on Friday that Qatar Aluminium cancelled its metal supply agreement with Hydro; Hydro issued a force majeure notice to its customers. Qatalum, established in 2006, has an annual production capacity of 648,000 tons and is a 50/50 joint venture between Hydro and Qatar Energy; Qatar Energy holds a 51% stake in Qamco.

Recently, the group standard "Green Aluminum Enterprise Evaluation Specification," spearheaded by Yunnan Aluminum Co., Ltd., was officially released. Its release and implementation will effectively address prominent issues such as the lack of unified standards for green aluminum enterprise evaluation and insufficient alignment with international certification systems, providing a normative evaluation basis for green aluminum enterprises in Yunnan Province and across the country. This standard will help aluminum enterprises break through international trade barriers, enhance the premium capacity of green products, and drive the transformation of the aluminum industry toward high-end, intelligent, and green directions, offering a replicable and scalable "Yunnan Experience" for the carbon peak of the national non-ferrous metals industry. In the next step, Yunnan Aluminum Co., Ltd. will take this standard’s release as an opportunity to transform the enterprise’s advanced green manufacturing experience into industry-wide common standards, significantly enhancing its industry discourse power and brand influence in the green aluminum field, and leading the aluminum industry to forge a new path of green, low-carbon, and high-quality development.