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On February 4, the main transformer expansion project of the 1000-kilovolt UHV substation in Nanchang has currently completed 40% of the total project volume, and both the equipment foundation pouring and the overhead framework hoisting operations are nearing completion. After the Spring Festival, equipment installation and commissioning work will be fully carried out to ensure the project is successfully completed and put into use in September this year. It is reported that this project is a key UHV main transformer project in Jiangxi Province's 14th Five-Year Plan. The construction scope includes adding one set of 3000 MVA main transformers, one set of 1000-kV switches, four sets of 500-kV switches, and four sets of low-voltage reactive power compensation devices, etc. The total project

Zambia’s mining regulator said it had suspended operations at Mopani Copper Mines’ Mufulira mine after it failed to account for all its underground stuff.

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] Amid the current accelerated reshaping of the global resource competition landscape, China's copper concentrate import pattern is undergoing a profound structural transformation. The latest trade data from 2025 clearly outlines this trend: China is significantly enhancing its capacity to acquire copper concentrate resources from neighboring countries.

As the Chinese New Year holiday is around the corner, Shanghai Metals Market (SMM) hereby informs you of our metal price update arrangement during the holiday period to ensure you can make proper arrangements for your work and business.

Novelis recently released its fiscal 2026 Q3 results, highlighting the impact of the fire at its Oswego plant. The production disruption at the Oswego plant is expected to reduce shipments by 72,000 mt. This resulted in a pre-tax negative impact of $54 million on adjusted EBITDA and net loss. The net loss was further affected by a pre-tax loss of $327 million related to the fire. Despite the decline in paired volume, net sales increased 3% YoY to $4.2 billion, primarily driven by higher average aluminum prices.

Recently, the signing ceremony for the high-performance battery aluminum foil project between Sichuan Yibin Sanjiang New Area and Anhui Jinyu Co., Ltd. was held. It is reported that Anhui Jinyu Materials Co., Ltd. specializes in the R&D and processing of aluminum series alloy materials. The company currently operates two entities—Tongling Jinyu Aluminum-Based New Materials Company and Anhui Jinyu Materials Co., Ltd.—with three factory sites spanning nearly 500 acres and employing approximately 1,200 staff. Its main products include air conditioner aluminum foil and new energy battery aluminum foil.

After the Start of Spring, in the Luotuoquanzi Industrial Park of Xinxing Development Zone in Xinjiang, red factory buildings stand on the Gobi Desert like desert camels. In the dawn, 360 600KA electrolytic cells were successfully powered up and began operating, with molten aluminum surging like lava. This hot land is rapidly emerging as the largest green aluminum production base in Northwest China, injecting low-carbon vitality into the transformation of energy-intensive industries. The project has a total investment of 5.143 billion yuan and is expected to construct an annual production line of 580,000 mt of aluminum, along with a full set of supporting facilities.

Recently, the No. 3 production line of Chalco Green Materials' Zhaotong, Yunnan 400kt aluminum alloy flat ingot project was put into operation, successfully casting a 5.3-meter-long flat ingot. This marks a significant progress in the deep collaboration between green aluminum smelting and high-end material manufacturing within the Chalco Group.

Due to disruptions from US aluminum tariffs, imports have been hindered and domestic supply is tight, prompting the company to shift from long-term contracts to spot purchasing. Arconic, a major US aluminum producer specializing in aluminum semis for aerospace, automotive, and construction sectors, has a procurement volume of approximately 40,800 mt of aluminum ingots (90 million pounds), which is scheduled for delivery in Q2.

CME plans to approve the establishment of aluminum warehouses in Taiwan and Hong Kong, as this US commodity exchange intensifies efforts to compete with the London Metal Exchange (LME) in the Asian market. These new warehouse locations signify a major expansion of the exchange in Asia, where two-thirds of the world's aluminum was produced last year. Currently, the exchange's base metal warehouses in Asia are limited to Malaysia, Singapore, and South Korea.

According to foreign media: Recently, Emirates Global Aluminium Spectro Alloys (EGA Spectro Alloys) signed a major contract with Presezzi Extrusion, under which the latter will supply core scrap recycling equipment for the former. This marks an important milestone in the company's ongoing efforts to advance aluminum processing technology. Since 2024, Emirates Global Aluminium (EGA) has held an 80% stake in Spectro Alloys. The company is currently further expanding its aluminum recycling capacity in Minnesota, US. In July 2025, the company completed a large-scale expansion, increasing the total annual production of secondary aluminum billets to 120 million pounds.

On February 9, the Science and Technology Engineering enterprise obtained a hazardous waste operation license issued by the Department of Ecology and Environment of Ningxia Hui Autonomous Region. The hazardous waste operation capacity increased from the original 50,000 mt/year to 90,000 mt/year, laying a solid foundation for the enterprise to develop a circular economy and deepen the resource utilization of hazardous waste.