Alumina Futures 2605 Contract Retreats Amid Technical Pressure, Cautious Sentiment

[SMM Aluminum Express News] Aluminium Bahrain (Alba) has entered into an exclusive agreement with American Industrial Partners (AIP) to acquire 100% of Aluminum Dunkerque, Europe's largest primary aluminum smelter, located in Loon-Plage, Dunkerque, France. The site produces ~300,000 tonnes of aluminum per year. Aluminium Bahrain (Alba) will pay the consideration for acquiring Aluminium Dunkerque entirely payable in cash, with funding fully underwritten by a syndicate of relationship banks. Alba has offered a shareholding position to Bpifrance (France's public investment bank) to foster a strategic partnership and support the long-term, sustainable development of the French smelter. Discussions with Bpifrance have started and will continue in the coming days.

On the morning of February 26, the high-alumina clinker project implemented by Damei Company officially commenced trial production. This project is a major industry following the industrial restructuring of the Bosai Group's Nanchuan division, and a powerful engine for Nanchuan District's development of a high-end refractory materials industrial park. The project covers 218 acres, with a total investment of 1.3 billion yuan, and will construct a high-alumina clinker production line with an annual output of 400,000 tons, along with supporting facilities. The project is planned in one phase but implemented in stages, with the first phase, a 200,000-ton-per-year production line, scheduled for completion in the second half of 2025.

On February 26, the Wanjiang Jiangnan Emerging Industry Cluster held a meeting on adhering to innovation-driven development, accelerating industrial agglomeration, and promoting high-quality development. At the meeting, 16 key industrial projects were signed, with a total investment of 7.26 billion yuan. It is reported that in recent years, the cluster has focused on the development direction of its leading industries, actively developing future industries and expanding emerging industries。 The projects signed this time cover fields such as new energy, new materials, electronic information, and high-end equipment, with the quality and technological content of individual projects reaching record highs.