Xinbo Shares Subsidiary to Invest 100M Yuan in New Energy Auto Parts Project

[SMM Analysis]Supply Tightening Offsets Off-season Pressure, June ADC12 Price Center Expected to Rise

As resource security and decarbonization become increasingly important, major economies are strengthening efforts to retain aluminum scrap. From the EU's review of export controls and the U.S. strategic asset proposal to Japan's circular economy initiatives and policies in the UAE and South Africa, these developments could reshape global scrap flows and affect secondary aluminum markets.

The total investment of the Chalco Aluminum Foil New Energy High-Precision Plate, Sheet, Strip and Foil Project is RMB 1.82 billion, and physical progress has currently reached 40%. The roofing of the factory building will be completed by June 30 this year, and equipment commissioning and acceptance will be finished by month-end December, followed by trial production. It is understood that the project is expected to be officially completed and put into operation on May 31, 2027. After commissioning, it will achieve an annual output of 170,000 mt of high-precision aluminum plate/sheet, strip and foil, primarily used for the positive electrode current collectors of high-end power batteries, with an output value projected to reach 4 billion yuan.