Aluminium inventory inches down as downstream stockpiles

New Aluminum Era issued an announcement stating that, according to the Business License and other relevant documents issued by the Dongguan Municipal Market Supervision Administration on August 28, 2026, as of August 31, the 100% equity of Dongguan Honglian Electronics Co., Ltd., held by Chen Wang and 19 other counterparties, has been fully transferred and registered under the company's name. The transfer of Honglian Electronics has been completed, and Honglian Electronics has become a wholly-owned subsidiary of the company. New Aluminum Era's main business is the research, development, production, and sales of aluminum alloy components for new energy vehicle battery systems, while Honglian Electronics' main business is the research, development, production, and sales of monitor brackets and bases, precision stamped parts, and structural components.

Recently, the casting production line of Mozambique (FULLYWOW ALUMINUM, LDA) successfully started operation, marking the official entry of Mozambique's modern aluminum alloy profile production base into the hot trial production stage. Located in the Moamba Special Economic Zone of Mozambique, the project represents a total investment of US$20 million, covering an area of ​​150 acres. It features a complete production line encompassing casting, extrusion, spraying, thermal insulation strip installation, and packaging. The company's main products are architectural and decorative profiles and general-purpose industrial profiles. Architectural profiles include system doors and windows, curtain wall frames, interior partitions, and decorative moldings, all with powder-coated surfaces for sun and rain protection, suitable for the African architectural environment. Industrial profiles include photovoltaic frame brackets, automated equipment racks, new energy vehicle structural components, and electronic heat dissipation profiles, characterized by high precision and excellent load-bearing capacity. The company serves a wide range of industries, including construction engineering, photovoltaic new energy, industrial automation, transportation, outdoor infrastructure, and home decoration, supplying the entire country of Mozambique and extending its reach to the entire Southern African market.