Global Aluminium Inventory to Plunge Further amid Supply Headwinds, LME Aluminium Prices to React Fast

On April 10, KMG announced the acquisition of 45% of a recycling and remelting plant near Charleston, South Carolina. Previously, Glencore provided funding for the facility in exchange for marketing rights. The remaining 55% of the shares will be held by Alumicore, who will also operate the plant. This cooperation further consolidates the position of Glencore in actively supporting a resilient and sustainable aluminum supply chain in the United States. Through holding 30% of Century Aluminum, the largest primary aluminum producer in the United States, Glencore has become an important investor in the industry.

[Shandong Port Qingdao Port Aluminum Ingot Business Hits Record High in First Quarter] According to Qingdao Port news, in the first quarter of this year, Qingdao Port aluminum ingot business delivered an impressive performance, with aluminum ingot throughput increasing by 108% year-on-year, hitting a record high.

On the morning of April 8, the Information Office of the Government of the Inner Mongolia Autonomous Region held a press conference for the "Double Ten Measures" of the Inner Mongolia Electric Power Group.Yan Jun, member of the Party Committee and deputy general manager of Inner Mongolia Electric Power Group, pointed out at the press conference that the ± 800 kV pure new energy flexible DC demonstration project is located in the research area. The project will realize the large-scale and long-distance direct delivery of new energy in the hinterland of the Alashan Desert, without the support of conventional power sources, to the load center areas such as Huhehaote, Baotou, and Wulanchabu, and form a replicable and promotable technical system to solve the problem of new energy in the desert