Dongxing City Partners with Jiangsu Wotu for E-Bike and Electric Motorcycle Production Facility

Qiya Guizhou Group's fine alumina project achieved a significant milestone, with the first 200,000 mt production line officially commencing operations on May 30. It is understood that the project has a planned total annual capacity of 800,000 mt, and the entire project is expected to be completed by 2027.

[SMM Aluminum News Flash] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas was 30,400 mt, down 619 mt from the previous day, mainly driven by destocking in the Foshan area. Recently, increased production cuts and suspensions due to tight compliant raw material supply, combined with delivery demand boosting buying sentiment, pushed inventory lower.

[China Inventory Continued to Decline This Week, Aluminum Prices Moving Sideways with LME Outperforming SHFE in the Short Term] If the US-Iran ceasefire agreement materializes, it would significantly ease Middle East supply concerns, but recurring military frictions leave the peace outlook uncertain, and the short-term geopolitical premium tends to converge but has not fully dissipated. The rigid supply gap outside China supported a relatively strong LME aluminum pattern. China's inventory continued to decline but remained at historically high levels, capping the upside elasticity of SHFE aluminum, and the divergence between LME and SHFE is expected to persist in the short term. Going forward, key areas to watch include whether China's inventory drawdown accelerates, whether the US-Iran agreement can be formally signed, further clarity on the US Fed's interest rate path, and whether China is further tightening regulations on aluminum capacity operations. Overall, aluminum prices are expected to move sideways in the short term with LME outperforming SHFE.