Weak SHFE Aluminum Hurts Buying Appetite in Spot Market, SMM Says

The Loudi Municipal Development and Reform Commission (NDRC) upheld the principle of "proactive service and targeted support," making every effort to ensure the smooth approval of the overseas investment filing for Hunan Hongwang's 120,000 mt aluminum project in Songea, Tanzania, empowering the enterprise to "go global" through professional services. High-level coordination to remove approval bottlenecks. After the project was launched, commission leaders led a team to the provincial NDRC for dedicated coordination, accurately grasping the filing requirements for non-sensitive projects under the Measures for the Administration of Overseas Investment by Enterprises, and efficiently clearing the key provincial-level approval hurdles. Dedicated personnel and positions to ensure compliant documentation. The business department implemented a "full-process agency" mechanism, providing upfront guidance to the enterprise in properly preparing the feasibility study report and the statement of funding sources. The submitted materials were well-structured and well-founded, earning recognition from the provincial NDRC and achieving zero errors in application and full compliance throughout the process. Extended services to facilitate industry synergy. During the service process, the commission also assisted the enterprise in clarifying the policy boundaries of China-Africa capacity cooperation, defining the compliant pathways for technology export and equipment export, and advancing the project from a "single-point investment" toward "industry chain synergy."

[Kapasitas aluminium di luar Tiongkok pulih secara bertahap; destocking yang meluas di Tiongkok mendukung dasar harga aluminium] Secara keseluruhan, harga aluminium diperkirakan akan terkonsolidasi pada level tinggi dalam jangka pendek.

Media asing melaporkan pada 17 September bahwa pengolah produk aluminium Kanada telah mengeluarkan peringatan bahwa langkah tarif terbaru AS secara serius mengancam kelangsungan hidup mereka di pasar AS. Gedung Putih merilis rincian tarif perdagangan terbaru pada 8 September, membatalkan sebagian hak pengecualian tarif untuk produk aluminium dan memberlakukan tarif tambahan 50% pada produk setengah jadi aluminium terkait. Dikombinasikan dengan tarif dasar awal 50%, tarif komprehensif untuk beberapa produk aluminium Kanada yang diimpor ke AS langsung melonjak menjadi 100%. Ini berarti daya saing barang manufaktur Kanada di pasar AS akan menurun secara signifikan, dan penjualan mereka di AS menghadapi risiko hilang. Bagi produsen Kanada yang sangat bergantung pada klien AS, perubahan ini telah berdampak langsung pada rencana ekspor mereka.