Ex-China ADC12 Prices Drop, Inversion with China Narrows but Import Window Remains Closed

According to foreign media reports, Novelis restarted its hot-rolling operations at its Oswego aluminum plant in New York State on Wednesday. Fires broke out at the factory in September and November 2025, and production has been suspended for nine months, triggering a supply crisis for U.S. automakers. Novelis has about a dozen automaker customers - Ford, General Motors, Strantis and others. Novelis said it is accelerating the rollout of standardized operating systems at the plant. The company's new rolling mill in Alabama is expected to be operational by the end of the year, which will further expand Novelis' production scale.

According to data from the China Motorcycle Chamber of Commerce, total production and sales of motorcycles in May reached 2.218 million and 2.1516 million units, down 2.67% and 5.28% MoM, and up 18.09% and 12.83% YoY. From January to May, cumulative production and sales amounted to 9.8208 million and 9.8181 million units, up 11.18% and 11.04% YoY, respectively. In May, industry production and sales grew YoY while pulling back MoM, and exports continued to maintain strong growth momentum. On a cumulative basis from January to May, the boost from exports remained stable, domestic sales improved, industry production and sales rose steadily, and the overall industry performance was stable and positive.

Baotou City is promoting the transformation of its traditional advantageous industries into future-oriented industries, accelerating the formation of a complete industrial chain encompassing "new energy development—direct green electricity supply—electrolytic aluminum production." On the large screen of the Baotou Aluminum Industry Smart Energy Control Center, wind turbine blades can be seen slowly rotating deep in the grasslands 200 kilometers away. Dispatcher Xu Junxia, ​​pointing to the dynamically optimized dispatch curve, explained that the company has now shifted from production based on electricity demand to production based on electricity consumption, with green electricity now accounting for 33%. "Based on the trend of electricity prices in our spot market, we are maximizing the absorption of new energy sources and improving the overall electricity and energy consumption structure."