【SMM Aluminum Flash News】Baotou Yihe Rare Earth Aluminum Launches 20,000-Ton Copper-Clad Aluminum Enameled Wire Project

Ottawa, August 25 (Xinhua) -- The Canadian federal government announced on the 25th that it will impose retaliatory tariffs on more than 700 U.S. goods worth CAD 27.6 billion (approximately USD 20 billion), and simultaneously launch a CAD 7.5 billion (approximately USD 5.4 billion) aid package for businesses and workers. Canadian federal officials stated that the total value of U.S. goods affected by the retaliatory tariffs is equivalent to the value of goods subject to the 50% tariff imposed by the U.S. on Canada, achieving a "reciprocal" countermeasure. The Canadian tariff retaliatory measures will officially take effect on September 8. Canadian Finance Minister François-Philippe Champagne stated that the retaliatory tariffs and the multi-billion dollar comprehensive aid package will effectively protect domestic workers, farmers, families, and businesses. According to the retaliatory tariff list released by the Canadian Ministry of Finance, these targeted retaliatory tariffs mainly focus on steel and aluminum, dairy products, home appliances, agricultural equipment, pulp and paper, plastics, and electronic products, with tariff rates of 15%, 25%, and 50%. Among these measures, tariffs on most steel and aluminum products imported from the United States will increase from 25% to 50%; dairy products such as cheese, fish, seafood, and some steel and aluminum derivatives will be subject to a 25% tariff; other existing retaliatory tariffs, including those on U.S. automobiles, will remain in effect.

On August 25th, Wanfeng Auto Wheel released its 2026 semi-annual report. The company's operating revenue was 7.481 billion yuan, a year-on-year decrease of 0.2%; net profit attributable to the parent company was 418 million yuan, a year-on-year decrease of 16.5%. During the reporting period, the automotive metal parts lightweighting business achieved operating revenue of 6.37 billion yuan, a year-on-year increase of 5.18%. Despite facing challenges such as rising raw material costs and intensified market competition, the company ensured its steady and sustainable development by optimizing its customer structure and increasing the supply of products to high-value-added customers. Regarding the general aviation aircraft innovative manufacturing business, the report shows that this business achieved operating revenue of 1.11 billion yuan, a year-on-year decrease of 22.76%. This decline was mainly due to fluctuating international trade policies and geopolitical influences, leading to extended delivery cycles for some orders. The company continues to promote the development of new models in this field and strengthens market expansion, especially in the private aircraft market, to enhance its overall brand competitiveness.

According to its semi-annual report, in the first half of 2026, the company achieved operating revenue of RMB 23.923 billion, a year-on-year increase of 19.96% (adjusted); net profit attributable to shareholders of the listed company was RMB 5.293 billion, a year-on-year increase of 49.13% (adjusted); and basic earnings per share were RMB 1.79. In the first half of 2026, the company produced 31.1055 million tons of raw coal, an increase of 6.51% year-on-year; sold 31.0427 million tons of raw coal, an increase of 9.62% year-on-year; generated 576,326,560 kWh of electricity, an increase of 0.93% year-on-year; and sold 529,253,780 kWh of electricity, an increase of 0.72% year-on-year. The company also produced 709,300 tons of electrolytic aluminum, an increase of 7.06% year-on-year; sold 711,300 tons of electrolytic aluminum, an increase of 8.13% year-on-year; generated 432,049,050 kWh of electricity, an increase of 1.77% year-on-year; and sold 430,773,250 kWh of electricity, an increase of 2.61% year-on-year.