SMM Copper Market Morning Review (2015-5-8)

The Taweelah complex of Emirates Global Aluminium (EGA) in the UAE sustained severe damage in Iranian missile and drone attacks. Damage assessment work is currently ongoing at the complex, which is located in Khalifa Economic Zones Abu Dhabi.

Entering the second half of March, regional divergence in China’s aluminum market became increasingly pronounced, with the divergence between inventory trends and spot price spreads in east China and south China intensifying. On the one hand, the nationwide post-holiday inventory buildup in aluminum gradually approached its end, inventory overhang pressure in east China continued to ease, circulation efficiency steadily improved, the inventory buildup momentum slowed down significantly, and.....

Recently, the Jiangmen Xinhui Industrial Park (Fengshanhu New Energy Industrial Park) gained new momentum with the turnkey delivery and trial production launch ceremony for the graphene-coated carbon aluminum foil production site project, marking the project’s entry into the trial production stage. It is understood that the project involves a total investment of approximately 200 million yuan, covers an area of 50 mu, and has a total gross floor area of 33,000 m². Upon full completion, it will be capable of producing up to 48,000 mt of graphene-coated carbon aluminum foil annually. The project was invested in and constructed by Jiangmen Yingang New Energy Industrial Park Construction Co., Ltd., an enterprise under Jiangfa Group.