SHFE Aluminum Futures Warrants Drop 2,916 mt, Down 22.87% Over Past Month

[SMM Aluminum Flash News] On August 18, LME aluminum inventory was recorded at 246,900 mt, unchanged from the previous day; over the past week, LME aluminum inventory decreased by a cumulative 6,475.00 mt (2.56%); over the past month, LME aluminum inventory decreased by a cumulative 33,200 mt (11.84%).

It was recently learned from the Hejin Municipal Bureau of Industry, Information Technology and Science that the Shanxi Provincial Department of Science and Technology has officially approved the establishment of the Shanxi Provincial Laboratory for New Energy Metal Materials, a joint project between Chalco Shanxi New Materials Co., Ltd., three key universities, and two leading magnesium enterprises. This collaboration aims to accelerate the transformation of Shanxi's aluminum and magnesium industry towards the high-end new energy sector. The Shanxi Provincial Laboratory for New Energy Metal Materials is the highest-level innovation platform in the province, focusing on the development needs of new energy vehicles and lightweight energy storage. It will focus on four core research directions: low-carbon smelting, high-performance alloys, precision forming, and solid waste recycling, addressing industry technical pain points and building a complete aluminum-magnesium R&D system. Leveraging the province's most complete aluminum industry chain resources, Chalco Shanxi New Materials will fully utilize its pilot-scale production advantages, collaborating with universities and leading enterprises to focus on tackling "bottleneck" technologies in areas such as battery substrates and lightweight alloys. This will significantly shorten the research and development cycle and achieve integrated development of basic research, technological breakthroughs, and industrial application.