Yadelin Science and Technology to build 100,000 mt aluminium alloy capacity

Tianshan Aluminum issued a performance forecast on the evening of October 14. It is expected that the net profit attributable to the parent company in the first three quarters will be 3.231 billion yuan, a year-on-year increase of 163.54%.

Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

This is a roundup of China's metals weekly inventory as of July 9.

Volkswagen announced in March that it had cut production by more than 100,000 vehicles in January and February due to the lack of chips. Honda Motor announced that its Mexican plant would cease production from March 18. General Motors announced the temporary closure of its plant in Lansing, Michigan, and it was expected that it would not restart operations before April this year.

Leo Yi, senior analyst at SMM, explained the challenges posed by the new solid waste law to China’s aluminium scrap supply and operations at secondary aluminium producers

A 4,000 mt/year precision aluminium alloy component project of Chongqing Hanlir Machinery Manufacturing will come online soon as the Environmental Impact Assessment report for the project has been approved and published by the government of Jiangjin District, Chongqing on April 29 to seek public comment.

The project has an annualised capacity of 150,000 mt

SHFE nonferrous metals, except for lead, closed higher on US-China trade thaw

China’s exports of unwrought aluminium alloy declined 22.3% from Jun to 39,500 mt in Jul