Primary aluminium inventories extended decline by 17,000 mt on week

On the morning of June 10, the groundbreaking ceremony for the 600kA green power aluminum 500,000 mt capacity replacement and upgrading technological transformation project of Qiaotou Aluminum Electricity Co., Ltd. under Qinghai Provincial Investment Group, with the participation of Baye Group, was held at the project site of Qinghai Qiaotou Aluminum Electricity Co., Ltd. This project is a flagship initiative of Qinghai Provincial Investment Group in implementing China's "dual carbon" strategy and driving the green transformation and upgrading of the aluminum industry. It adopts internationally advanced 600kA electrolysis cell technology to build a "lighthouse-level" digital and intelligent aluminum plant. Upon completion, the project will be of great significance in promoting the transformation and upgrading of Qinghai's aluminum industry chain towards "green power aluminum," and will also play an important demonstration role in the green and large-scale development of the aluminum industry.

According to SMM statistics, for domestic aluminum billet inventory, Guangdong held 39,000 mt, Wuxi held 52,000 mt, totaling 91,000 mt, down 4,500 mt from the previous day.

According to SMM statistics, as of June 12, aluminum ingot inventories were: Guangdong (334,500 mt), Wuxi (521,000 mt), and Gongyi (240,000 mt), totaling 1.0955 million mt across the three locations, down 14,000 mt from the previous period.