Some Japanese Aluminium Buyers Agree To Pay A Premium Of $125-130/mt In The Second Quarter, Soaring 45-53% from Q1

On August 26, Innovation New Materials disclosed its semi-annual report. In H1 2026, the company achieved revenue of 43.543 billion yuan, up 11.25% YoY; net profit attributable to shareholders of the publicly listed firm was 396 million yuan, up 11.67% YoY.

Recently, the Chongqing Municipal Commission of Economy and Information Technology issued a public consultation on the "Several Policies for Promoting Structural Optimization and Upgrading of Advanced Materials Industry in Chongqing (2026-2030) (Draft for Comments)." It proposes that for integrated or purchased new capacity used to complete aluminum replacement projects, where energy efficiency reaches the benchmark level and environmental protection performance reaches Grade A, a one-time reward of 30 yuan per (mt/year) of capacity will be granted, capped at 10 million yuan. From 2026 to 2028, subsidies of 3 million yuan per unit will be granted for retiring converters below 100 mt and electric arc furnaces below 100 mt (50 mt for alloy steel), 2 million yuan per unit for retiring outdated and inefficient captive coal-fired generating units, and 2 million yuan for retiring independent carbon used in aluminum production projects below 150,000 mt/year.

At the Shipan Industrial Park in Guangyuan Economic and Technological Development Zone, the construction of Sichuan Zhongjian New Material Technology Co., Ltd.'s high-end aluminum extrusion project with annual capacity of 30,000 mt has entered the final sprint stage. Plant renovation is essentially complete, core production equipment is being intensively installed and commissioned, and all pre-production preparations are progressing in an orderly manner. The project is expected to achieve smooth commissioning soon. It is understood that the project has a total investment of 400 million yuan and is equipped with more than 20 large pieces of equipment, including extrusion presses, stamping machines, and spraying equipment. Multiple intelligent aluminum extrusion production lines have been built, capable of producing home decoration, commercial fit-out, engineering, and high-end industrial aluminum extrusion products, which are widely used in NEVs, PV, home appliances, high-end doors and windows, and many other popular sectors.