EU and India Sign Landmark Free Trade Agreement, Reducing Tariffs on 96.6% of Goods

Jusheng Light Alloy specializes in the production of high-performance aluminum alloy plates, strips, and foils, along with the processing of related products, and has achieved an output value of 470 million yuan. Since establishing a cooperative relationship with North China Aluminum, it has successfully brought in a professional management team of over 20 people. This team is helping the company expand its product portfolio into emerging fields such as NEV aluminum foil, with a target of exceeding 1 billion yuan in output value within the year.

As of May this year, Southwest Aluminum's product production was up 10.1% YoY, setting a new record for the same period, and the production-sales ratio remained at 100%. Specifically, the Rolling Plant improved its rolling production process, with production up 3.4% YoY; the Plate & Strip Company, focusing on full detailed order production scheduling, saw production up 8.4% YoY, while its hot continuous rolling line production was up 5.1% YoY, hitting a new high. In addition, the production of automotive sheets and ship plates surged 72% and 174.1% YoY, respectively.

ChinaIOL monitoring data shows that in May 2026, China's household air conditioner production was 18.74 million units, down 10.0% YoY; sales were 19.58 million units, down 11.1% YoY; of which exports were 7.58 million units, down 4.2% YoY; and domestic sales were 12.00 million units, down 15.0% YoY. Production and sales continued to decline. Affected by the domestic end-use market climate, the YoY decline in domestic sales widened significantly. Under inventory pressure, production was proactively reduced to start destocking.