"SMM South China Annual meeting | an in-depth Analysis of the Global economy, Copper, Aluminum and Zinc fundamentals and Price trend in 2022

Recently, data released by the passenger car Association show that the retail market of new energy passenger vehicles reached 378000 in November, up 122.3% from the same period last year and 19.4% from the previous month. The domestic retail penetration rate of new energy vehicles in November was 20.8% (18.8% in October) and 13.9% from January to November (5.8% in the same period last year).

Due to the obvious lightweight demand of new energy vehicles, the amount of aluminum used by new energy vehicles is significantly higher than that of traditional fuel vehicles. According to the data of DuckerFrontier, the aluminum consumption of non-pure electric vehicles is 206kg in 2020, and that of pure electric vehicles is 292kg, which is 42% higher than that of non-pure electric vehicles. Among them, the automobile aluminum alloy plate is the component with the highest growth rate. The agency pointed out that by calculating the growth rate of China's automobile aluminum sheet demand alone, the compound annual growth rate from 2021 to 2026 reached 22%, more than twice the global average growth rate.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

The LDHM-02 heat-free alloy material developed by Lizhong Group has realized the new substitution of "aluminum instead of steel" materials for automobile parts with large size, thin wall, complex structure and easily deformed heat treatment.

Mingtai aluminum products have been directly or indirectly supplied to BYD, Weilai, Yutong bus, CIMC vehicles and other first-tier car companies.