Aluminum Futures Drop 1.73%, Spot Prices Mixed Amid Weak Demand

According to Qichacha APP, Xiamen Minfa Global Aluminum Co., Ltd. was recently established, with a business scope including: sales of high-performance non-ferrous metals and alloy materials; sales of non-ferrous metal alloys; sales of metal materials; and sales of new functional metal materials. Qichacha's equity penetration analysis shows that the company is wholly owned by Minfa Aluminum (002578).

On May 14, Xinbo Co., Ltd. announced that its subsidiary, Xinbo New Energy, plans to invest in the construction of a "New Energy Vehicle Parts Production Project with an Annual Output of One Million Sets of Lightweight High-End Aluminum Components." The project has a planned total investment of approximately 100 million yuan and an estimated construction period of 6 months. The implementation of the project will help the company break through its original photovoltaic aluminum frame business and accelerate its expansion into the new energy vehicle parts market, which has higher technological barriers and greater added value.

On May 8th, at the construction site of the Green Low-Carbon Alloy Aluminum Liquid Smelting Industrial Park Infrastructure Project (annual production of 500,000 tons of green low-carbon alloy aluminum liquid smelting and distribution sharing center) in Guangyuan Economic and Technological Development Zone, workers were performing their duties in an orderly manner. The project has a total construction area of ​​over 20,000 square meters, consisting of seven individual buildings and ancillary works such as integrated pipelines. The smelting workshop includes five alloy aluminum liquid production lines. Currently, all smelting furnaces have been installed, the enclosure structure is 70% complete, and the remaining ancillary buildings are undergoing decoration and finishing.