SHFE Aluminum Slump Hits Guangdong Aluminum Market, SMM Reports

According to foreign media reports, Vedanta said on Friday (February 27) that, in the auction process organized by the Government of Odisha, the company had been declared the preferred bidder for the Karnapodikonda bauxite block. The Directorate of Mines and Geology of the Government of Odisha issued a “Notice Inviting Tender” on December 4, 2025, inviting parties to submit bids. Vedanta qualified in the initial bidding stage and participated in the online auction for the grant of the mining lease. The company received notice of the “Preferred Bidder Declaration” at 4:20 p.m. (Indian Standard Time) on February 27, 2026. The bauxite block was at the G2 exploration level, with a total area of 532.747 hectares.

Bosai Group’s Damei Company High-Aluminum Refractory Clinker Project Officially Started Trial Production This project is a major initiative following Bosai Group’s industrial restructuring in the Nanchuan segment and a powerful engine for Nanchuan District’s development of a high-end refractory materials industrial park. Covering an area of 218 mu, the project has a total investment of 1.3 billion yuan and will build an annual 400,000 mt high-aluminum refractory clinker production line along with supporting facilities. The project is planned in a single overall plan and implemented in phases; Phase I, an annual 200,000 mt production line, was completed in H2 2025.

On February 26, at the industrial park in Minhe Hui and Tu Autonomous County, Haidong City, as the first molten aluminum transport truck entered the workshop of Qinghai Mingrui Aluminum Co., Ltd., it marked the smooth commissioning of Minhe County’s 10kt-per-year aluminum products processing project, injecting strong momentum into Minhe County’s industrial economy to get off to a good start in 2026. It is understood that Qinghai Mingrui Aluminum Co., Ltd.’s 10kt-per-year aluminum products processing project is one of the key projects introduced by Minhe County in 2025. With a total investment of 280 million yuan, it serves as critical support for extending, supplementing, and strengthening the county’s industrial chain, promoting the green transformation of industry.