Aluminium billet inventories extended decline

[ADC12 Price Daily Commentary: Cast Aluminum Most-Traded Contract Closes Higher, Spot Sentiment Recovers but Demand Improvement Remains Insufficient] The most-traded AD2612 cast aluminum alloy futures contract opened at 22,750 yuan/mt today. After briefly shooting up to 22,835 yuan/mt at the open, it pulled back, dipping to a session low of 22,705 yuan/mt in early trading before stabilizing. The price center then gradually climbed, with volume-driven gains before midday pushing it to a session high of 22,915 yuan/mt. It closed at 22,890 yuan/mt at midday, up 200 yuan/mt, or 0.88%, from yesterday's settlement price.

On October 13, the Management Committee of Jinan Start-up Area for Replacing Old Growth Drivers with New Ones in Shandong Province released the first public announcement of the environmental impact assessment for the Jereh Lithium Battery Resource Recycling Project of Jereh Resources Recycling Technology (Jinan) Co., Ltd. The new project is located in the Green New Intelligent Manufacturing Industrial Park on Xiehu Road, Taiping Subdistrict, Jiyang District, Jinan, Shandong Province, specifically in Buildings 14-B# and 15# of Phase II of the green building area. The project is expected to build two production lines: one for dismantling, crushing, and pulverizing 25,000 mt of scrap LFP batteries per year, and another for dismantling, crushing, and pulverizing 60,000 mt of scrap LFP and ternary lithium batteries per year. Major equipment includes battery pack dismantling equipment, crushing equipment, pyrolysis equipment, sorting equipment, and supporting environmental protection facilities. In terms of process, the project adopts procedures including battery pack code-scanning traceability and dismantling, battery cell code-scanning traceability, discharge-free crushing, oxygen-free pyrolysis, and sorting. Exhaust gas generated from crushing and pyrolysis will be sent to supporting waste gas purification facilities for treatment. The final recovered products include black mass, copper products, and aluminum products. Upon completion, the project will have a disposal capacity of 85,000 mt of scrap LFP and ternary lithium batteries per year.

Gleich Aluminium has successfully installed a new IMA Schelling fm 8 sheets & plates cutting system at its plant in Kaltenkirchen, Germany, replacing the original sawing machine. The entire installation was completed in just three weeks while maintaining normal operations. As an enterprise with 150 employees and an annual output of approximately 20,000 mt of aluminum, Gleich Aluminium has a clear need for equipment upgrades. The company's general manager, Sebastian Ricken, pointed out that design details and cost-effectiveness were the key deciding factors in this selection. The new system features intelligent nesting, which can automatically group hundreds of orders by material thickness through software and calculate the optimal cutting plan before processing, thereby keeping the scrap rate below 10%.