China Aluminum Inventories Grow further, SMM Says

Discounts in the three regions widened to varying degrees from the beginning of the year to May, which was directly related to the sustained suppression of spot circulation by high inventory earlier. After entering June, as the destocking inflection point has gradually been established, premiums and discounts in the three regions have shown a divergent recovery trend...

On June 6, under the precise matchmaking and full support of the finance bureau of the Sanmenxia Urban-Rural Integration Demonstration Zone (High-tech Zone), Henan Qianbiao Industrial Group Co., Ltd. and Sanmenxia High-tech Investment Group Co., Ltd. successfully signed a cooperation agreement for the project of secondary aluminum recycling and alloy plate and coil rolling production and processing with an annual capacity of 100,000 mt in the zone, marking the official launch of the cooperation project between the two parties.

Recently, the Yufu Gaokin Precision Manufacturing Project in the Liangjiang New Area has officially commenced construction. The project, developed by Chongqing Gaokin Precision Technology Co., Ltd., is a high-end equipment manufacturing base integrating informatization and intelligence. With a total investment exceeding 1 billion yuan, it is planned to build approximately 100,000 m² of intelligent production workshops and supporting R&D facilities. The project will focus on the R&D and large-scale production of high-end precision parts, aluminum alloy castings, and specialized molds. Upon reaching full production, it is expected to achieve an annual output value of up to 2 billion yuan.