On July 29, 2025, the Fortune Global 500 list was announced, with

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NewsFlash / Aluminium

China Aluminum Corporation has been selected as one of the Fortune Global 500 for 18 consecutive years.

Jul 31, 2025 13:29

Source:SMM

On July 29, 2025, the Fortune Global 500 list was announced, with China Aluminum Group ranking 203rd, an increase of 11 places from the previous year. This marks the 18th consecutive year since first entering the Fortune Global 500 in 2008, demonstrating a steady development trend.In 2024, all cadres and employees of China Aluminum Group deeply implemented the important instructions and directives of General Secretary Xi Jinping, resolutely adhered to the spirit of the 20th National Congress of the Communist Party and the second and third plenary sessions of the 20th Central Committee. They maintained and strengthened the overall leadership of the Party, actively served national strategies, and focused on promoting high-quality development, achieving new results in production operation, reform and development, and Party building work. They exceeded budget challenge targets and the assessment indicators from the State-owned Assets Supervision and Administration Commission, achieving historical best levels in 'one profit and five rates'. In the performance assessment of central enterprise leaders for 2024 and the 2022-2024 term, as well as assessments for Party building responsibilities, board performance, key tasks in deepening reform and enhancement actions, and benchmarking world-class enterprises in value creation actions, the group received an A-grade evaluation and was recognized as an excellent enterprise in technological innovation by central enterprises.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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Aug 1, 2025 17:44

Analysis

The impact of the rainy season is expected to gradually be reflected in port arrivals data, and the rate of bauxite inventory buildup is expected to slow down.

Aug 1, 2025 17:42

Analysis

Aluminum cost fell 1.7% MoM in July，Some aluminum smelters reported a slight increase in electricity fees in August【SMM Analysis】

[SMM Analysis: Aluminum cost fell 1.7% MoM in July，Some aluminum smelters reported a slight increase in electricity fees in August.] According to SMM data, the average tax-inclusive full cost of China's aluminum industry in July 2025 was 16,261 yuan/mt, down 1.7% MoM and 5.8% YoY. During the period, alumina prices were boosted by macro policies such as "anti-rat race" competition, but due to the low absolute price at the beginning of July, the monthly average alumina price in July fell MoM, and its cost-supporting effect became evident in August.

Aug 1, 2025 16:46

Analysis

SMM Morning Comment For SHFE Base Metals (August 1)

Futures market: LME copper opened at $9,626/mt overnight, initially climbed to a high of $9,665/mt, then fluctuated downward to hit a low of $9,580.5/mt during the session, and maintained rangebound fluctuations before finally closing at $9,607/mt, down 1.26%, with trading volume reaching 47,000 lots and open interest at 271,000 lots.

Aug 1, 2025 09:47

Industry

In July, the PMI of secondary aluminum remained below the 50 mark. In August, the market was still dragged down by the off-season demand [SMM morning comment on cast aluminum alloy].

[SMM Morning Comment on Cast Aluminum Alloy: Secondary Aluminum PMI Remained Below the 50 Mark in July, and the Market in August Continued to Be Hindered by the Off-Season Demand] Yesterday, aluminum prices dropped back slightly, and the secondary aluminum market maintained a stable pattern, with SMM ADC12 prices holding steady at 20,100 yuan/mt. Recently, end-use consumption has been sluggish, and actual transactions have been sluggish amid weak demand. However, the consistently high purchasing prices of aluminum scrap have provided support for prices. Overall, cost support has led to a relatively moderate decline in ADC12 prices this week, with the discount to A00 narrowing. However, under the pressure of the off-season demand, there is significant resistance to price increases. In the short term, cost support, weak demand, and high inventory pressures are competing with each other, and ADC12 prices may continue to fluctuate rangebound.

Aug 1, 2025 09:03

Selected News

The manufacturing sector's prosperity level has pulled back, and aluminum prices are expected to remain in the doldrums in the short term [SMM Aluminum Morning Meeting Summary]

[SMM Aluminum Morning Meeting Summary: Manufacturing Sector Sentiment Pulls Back, Short-Term Aluminum Prices Predominantly in the Doldrums] Overall, on the macro side, the US Fed maintained interest rates unchanged, and the US dollar index remained strong. Domestically, policies related to "combating rat race competition" drove industrial metals higher, with the long-term tone of "promoting consumption and stabilizing growth" remaining unchanged. On the fundamental side, amid the release of supply increments and the suppression of the off-season consumption, the expectation of inventory buildup remains strong. Additionally, recently, market sentiment towards policies such as "combating rat race competition" and "high-quality development" has cooled down, causing futures to jump initially and then pull back. In the short term, aluminum prices are expected to predominantly experience a high-level pullback. Subsequent attention should be paid to changes in inventory and market sentiment.

Aug 1, 2025 09:02

Selected News Industry

"Three Consecutive Increases" in Aluminum Wheel Exports; Operating Rate of Primary Aluminum Alloy Rebounds Against the Cycle in July [Analysis by SMM]

[SMM Analysis: Aluminum Wheel Exports "Three Consecutive Increases", Primary Aluminum Alloy Operating Rate Rebounds Against the Cycle in July] The preliminary operating rate of China's primary aluminum alloy industry in July was 51.5%. After excluding the impact of inconsistent operating days from June, it increased by 0.6% MoM, showing a "stronger-than-usual off-season" characteristic in monthly performance. The PMI of primary aluminum alloy in July reached 54.4%, rebounding significantly by 17.9 percentage points MoM from June, and surging above the 50 mark, indicating an unexpected rebound against the trend in the off-season industry. Breaking down the details...

Jul 31, 2025 22:15

Analysis

The proportion of liquid aluminum pulled back significantly in July, and whether it can recover in August remains to be verified [SMM data]

[SMM data：The proportion of liquid aluminum pulled back significantly in July, and whether it can recover in August remains to be verified]According to SMM statistics, domestic aluminum production in July 2025 (31 days) increased by 1.05% YoY and 3.11% MoM. In July, the domestic aluminum operating capacity saw a slight MoM increase, primarily due to the start-up of the second-phase replacement project for aluminum smelters in Shandong-Yunnan, which led to the recovery of operating capacity. Due to the strong off-season atmosphere in the terminal market, alloy production cuts were evident across various regions. In July, the proportion of liquid aluminum in domestic aluminum smelters pulled back significantly, with the industry's proportion of liquid aluminum declining by 2.06 percentage points MoM to 73.77% this month.

Jul 31, 2025 18:45

Analysis

Weak supply and demand suppress the upside room of short-term ADC12 prices[Weekly Review of Aluminum Scrap and Secondary Aluminum]

[SMM Analysis]Overall, cost support has made the decline in ADC12 prices relatively moderate this week, with the discount against A00 narrowing; however, under the pressure of the off-season demand, the upward resistance for prices is obvious. In the short term, cost support, weak demand, and high inventory pressures are interacting, and ADC12 prices may continue to fluctuate rangebound.

Jul 31, 2025 18:13

Analysis

Driven by profitability, alumina operating capacity rebounded, with operating capacity up 2% MoM in July

Jul 31, 2025 18:06

Analysis

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