Downstream purchases lower aluminium inventories

March 16, Yongzhen Co., Ltd. issued an announcement stating that the company plans to invest 480 million yuan to implement a "Technical Upgrading Project for the Annual Production of 70,000 Tons of Ultra-Wide Thin-Wall Flat Extruded Aluminum Profiles and Their Deep-Processed Products" at its existing plant in Changzhou, Jiangsu Province. The project has a construction period of 12 months and is expected to commence on March 25. Through technological upgrades to the existing production lines, the company will achieve an annual production capacity of 70,000 tons of ultra-wide thin-walled flat extruded profiles. 40,000 tons of profiles will be used for deep processing, ultimately forming an annual production capacity of 40,000 tons of deep-processed products for new energy applications.

On March 16, Wanshun New Materials issued an announcement stating that its wholly-owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., plans to acquire 100% equity of Eurofoil Luxembourg S.A. from Aluminium Investment Company Limited for €12,388,900 in cash. Upon completion of the transaction, the company will hold 100% equity of Eurofoil Luxembourg, which will be included in the company's consolidated financial statements. According to the valuation, the market value of Eurofoil Luxembourg's net assets is €32,170,300, representing an increase of €11,150,100 over the book net assets, a 53.04% increase.

China Aluminum Cans released its 2025 annual report on March 16. During the reporting period, the company achieved operating revenue of HK$233 million, a year-on-year increase of 2.27%; net profit attributable to shareholders was HK$19.027 million, a year-on-year increase of 3.59%.