Exit of Low-Cost Aluminum Capacities in China to Be Filled by Restart of High-Cost Ones, SMM Warns

Revised Q4 ‘26 CIF MJP Premium Offer by RTA at US$280/mt (down from US$310/mt). Validity 28 Sep 2026

On September 20, the thick-plate rough rolling mill of the 720,000-tonne-per-year aluminum-based new materials intelligent manufacturing project of Henan Yirui New Materials Technology Co., Ltd. was officially put into production. With a total investment of RMB 1.5 billion, the project leverages the existing plant site to build an internationally advanced "1+4" hot continuous rolling line, supported by industry-leading aluminum processing equipment such as pusher-type reheating furnaces. The project has also built an industrial IoT system capable of real-time monitoring and dynamic regulation of core production parameters such as rolling force and temperature, effectively ensuring stable quality of high-end aluminum products and continuously increasing the market share of high value-added products.

Guinea plans to extend its cooperation with Glencore into alumina refining, energy, gold, and base metals, aiming to expand mining revenue, promote local processing and industrialization of mineral resources, and strengthen cooperation with markets and international mining enterprises in China, the Middle East, and beyond.