【SMM Aluminium Flash News】Shanxi Jintong Aluminum's project to produce 150,000 tons of cast-rolled aluminum sheet annually has a total investment of 300 million yuan and covers an area of over 34,000 square meters. The main structure of the project has been essentially completed and will be put into production soon. It is understood that the project primarily involves the casting and rolling of aluminum sheet. To refine production categories and expand the scope of business, the second phase of the refined processing workshop is being built at full speed. Guo Jinjun, Chairman of Shanxi Jintong Aluminum Co., Ltd., stated that the company aims to complete the workshop construction for the second phase of the project by October this year and to start the second phase of refined processing in May of next year. After the second phase is put into production, Jintong Aluminum's ability to resist market risks will be significantly enhanced. Furthermore, the Shanxi Chalco-Huarun 40,000-ton casting alloy project is expected to begin trial production in December, and the second phase of the Chengong solid waste comprehensive utilization project is expected to be completed and put into production by the end of the year.
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.