Sweden's aluminum scrap exports rise 29 per cent in 2017 Germany remains its largest importer

Domestic new secondary aluminium capacity stood at 1.85 million mt in 2021, including 1.17 million mt of secondary aluminium casting alloy, and the total installed capacity amounted to 11.96 million mt, according to SMM statistics.

According to the media, the existing capacity, after taking in all the disclosed production expansion projects, has reached 5 million mt, an obvious surpass over the downstream demand by 2025.

Weiming Group and Indigo signed a strategic cooperation framework agreement on November 24 for the joint development and construction of a 40,000 mt high-grade nickel matte project in Indonesia.

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%.

The Energy Administration of Inner Mongolia Autonomous Region issued the "Emergency Notice on Accelerating the Release of Some Coal Mine Production Capacity".

In order to speed up the utilisation of advanced coal production capacity, relevant state departments and the Inner Mongolia Autonomous government have actively promoted the continued land use of open-pit coal mines for the resumption of normal production as soon as possible.

CATL has announced a fixed increase plan of 58.2 billion yuan to expand production. At the same time, the copper foil industry, which is the midstream link of lithium batteries, is also booming rapidly.

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.