SHFE Aluminum Soars after Much-Higher-than-Expected Cut Rumor at China Hongqiao 

Dongxing City in Fangchenggang joined hands with Jiangsu Wotu Intelligent Transportation Technology Co., Ltd. to hold a signing ceremony for the Fangchenggang V-Process EPC Aluminum Alloy Integrated Two-Wheeler High-End Equipment Production Site project. It is understood that the first phase of the project will renovate existing factory buildings in the industrial park and plans to establish specialized production lines for new national standard e-bikes and electric motorcycles to rapidly advance production and operations. The second phase plans to construct new production facilities, office buildings, and employee dormitories to build an integrated modern smart manufacturing industrial park.

Qiya Guizhou Group's fine alumina project achieved a significant milestone, with the first 200,000 mt production line officially commencing operations on May 30. It is understood that the project has a planned total annual capacity of 800,000 mt, and the entire project is expected to be completed by 2027.

[SMM Aluminum News Flash] Today, the inventory of secondary aluminum alloy ingots in China's major consumption areas was 30,400 mt, down 619 mt from the previous day, mainly driven by destocking in the Foshan area. Recently, increased production cuts and suspensions due to tight compliant raw material supply, combined with delivery demand boosting buying sentiment, pushed inventory lower.