News

[SMM Express] It is reported that on January 29, Chalco Qingdao Light Metal Co., Ltd. plans to invest 13.5 million yuan in implementing a technological transformation project for the aluminum alloy slab production line. The project is located within the existing processing workshop of the company's plant in the Lingang Economic Development Zone, Qingdao West Coast New Area. Due to the prolonged use of the existing vertical casting machine, which has led to higher equipment energy consumption and a decline in product quality, the enterprise intends to invest 13.5 million yuan to purchase a set of hydraulic semi-continuous casting equipment, along with supporting slab sawing machines, degassing units, filtration devices, and other equipment. This will upgrade the existing wrought aluminum a

[SMM News] It was reported that on January 29, Chalco Qingdao Light Metal Co., Ltd. planned to invest 13.5 million yuan in a technological transformation project for its aluminum alloy flat ingot production line. The project is located within the existing processing workshop of the company's plant in the Lingang Economic Development Zone, Qingdao West Coast New Area. Due to the prolonged use of the existing vertical casting machine, which has led to higher equipment energy consumption and a decline in product quality, the enterprise intends to invest 13.5 million yuan to purchase a set of hydraulic semi-continuous casting equipment, along with supporting flat ingot sawing machines, degassing units, filtration devices, and other equipment. This will upgrade the existing wrought aluminum alloy ingot (aluminum alloy flat ingot) production line and its equipment. The project is expected to commence operation in May 2026.

[SMM Express] It is reported that Xiangyang Changyuan Donggu Industrial Co., Ltd. recently received a designation letter of intent from a domestic client, confirming the company as the designated supplier for the client's engine block and front cover. The client requires the company to immediately initiate necessary work upon receiving the letter of intent to ensure timely product delivery. According to the client's plan, the designated project is expected to commence mass production in July 2026, with an estimated life cycle of five years. The total sales amount over the project's full cycle is projected to range from 350 million yuan to 450 million yuan.

[SMM Express] According to reports, Zhejiang Wanfeng Aowei Wheel Co., Ltd. is expected to achieve a net profit of 850 million to 1.05 billion yuan in 2025, up 30.11% to 60.72% YoY. During the reporting period, the company's overall business developed steadily. Among them, the lightweight automotive metal components business continuously optimized product and client structures, rapidly responded to and met downstream client demands, and increased client supporting volumes; through process improvements and technological innovation, costs were reduced and efficiency enhanced, leading to significantly improved operating performance; the general aviation aircraft manufacturing business maintained good orders and stable operations, with production processes for high-value-added models continuous

[SMM News] According to reports, Zhejiang Wanfeng Auto Wheel Co., Ltd. is expected to achieve a net profit of 850 million yuan to 1.05 billion yuan in 2025, up 30.11% to 60.72% YoY. During the reporting period, the company's overall business developed steadily. Among them, the company's lightweight automotive metal components business continued to optimize its product and client structure, rapidly responded to and met downstream client demands, and increased supporting supply volume for clients; through process improvements and technological innovation, it reduced costs and improved efficiency, leading to a significant enhancement in operational performance; the general aviation aircraft manufacturing business maintained a healthy order book and stable operations, with continuous improvements in the production processes of high value-added aircraft models and ongoing optimization of sales operations.

[SMM Express] According to data released by the China Machinery Industry Federation on February 5, 2025, the value added of China's machinery industry enterprises above the designated size increased by 8.2% YoY, with the growth rate 2.3 and 1.8 percentage points higher than that of the national industry and manufacturing sector, respectively. Value added in five major national economic sectors—automobile manufacturing, electrical machinery manufacturing, general equipment manufacturing, special equipment manufacturing, and instrument manufacturing—all achieved growth. Among them, the automobile manufacturing sector continued to play a leading role, with its growth rate reaching 11.5%.

[SMM News] SHFE data shows that on February 6, the total registered volume of cast aluminum alloy warrants was 67,083 mt, an increase of 537 mt compared with the previous trading day. By region: Shanghai (5,358 mt, down 30 mt), Guangdong (23,908 mt, up 356 mt), Jiangsu (9,346 mt, down 150 mt), Zhejiang (22,224 mt, up 391 mt), Chongqing (5,556 mt, down 30 mt), and Sichuan (691 mt, unchanged).

Overseas Alumina Transaction: On February 5, 2026, 30,000 mt of alumina was transacted overseas at a transaction price of $309/mt FOB Western Australia or $306/mt FOB Eastern Australia, with shipment scheduled for April. The previous transaction occurred on February 4 at a price of $310/mt FOB Eastern Australia or $313/mt FOB Western Australia, also for April shipment, with the source of goods to be selected by the seller.

Overseas Alumina Transaction: On February 5, 2026, 30,000 mt of alumina was traded overseas at a transaction price of $331/mt FOB Brazil, with shipment scheduled for April. The previous transaction occurred on January 28 at a price of $327/mt FOB Brazil, with shipment scheduled for March.

[SMM Aluminum Express news] Vietnam's Lam Dong Province approved two alumina expansions worth ~US$2.3 billion total—the province's biggest investments ever. Nhan Co plant: +1.2 million tpy line, US$1.16B, 870 ha, starts 2030, 30-year run. Lam Dong complex: +1.2 million tpy second line, US$1.15B, 20.79 ha, ops from Q4 2030. Both aim for high-quality alumina, domestic use, and exports, boosting Vietnam's Central Highlands aluminum chain.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

High-purity alumina producer Alpha HPA recently raised $225 million through an institutional placement, with the National Reconstruction Fund Corporation (NRFC) pre-committing $75 million. Existing shareholders, including Australian pension fund AustralianSuper and chemical company Orica, also participated in this round of financing, though some committed amounts remain undisclosed. Of the funds raised, $210 million will be directly allocated to the construction and commercialization of Phase 2 of the HPA Stage 1 project, $5 million will be used to enhance the capacity of Phase 1, and the remaining $10 million will be allocated to general corporate operations and expenses related to this issuance. The Phase 2 facility in Gladstone is expected to be completed between the end of 2027 and early 2028.