Jiuquan Iron & Steel to Restart 2 Million-tpy Alumina Capacity in Jamaica

On July 8, Zhongfu Industrial announced that it expected its net profit attributable to the parent company's owners for the first half of 2026 to be between 1.8 billion yuan and 1.95 billion yuan, up 154.42% to 175.62% YoY. The performance growth was mainly attributable to cost reduction through collaboration across the upstream and downstream industry chains, aluminum prices fluctuating at highs, development of high-value-added aluminum deep-processing products, and the advancement of energy-saving technological transformation projects.

Recently, the People's Government of Bairin Right Banner and Inner Mongolia Ningbang Supply Chain Technology Co., Ltd. signed an investment agreement. The project will be located in the Bairin Right Industrial Park, with a total investment of 1.25 billion yuan and fixed asset investment of 1.05 billion yuan. The first phase of the project will cover an area of 100 mu, with an additional 200 mu reserved for supporting facilities. It will build 10 intelligent secondary aluminum melting and refining production lines, with an annual output of 300,000 mt of high-grade secondary aluminum alloy ingots, and simultaneously construct rare and precious metal extraction and environmental protection facilities.