Aluminum Alloy Prices Slip, Futures and Spot Markets Show Weakness

[ADC12 Price Daily Review: Cast Aluminum Moves Downwards After a Higher Opening, ADC12 Consolidates on a Subdued Note Amid Tug-of-War Between Longs and Shorts] Today, the most-traded AD2701 cast aluminum alloy contract opened at 22,870 yuan/mt, with the opening price marking the day's high. It then drifted lower, dipping to 22,615 yuan/mt before a slight recovery. At midday, it closed at 22,645 yuan/mt, down 95 yuan/mt or 0.42% from yesterday's settlement price.

In October, Longding Aluminum Enterprise's battery foil production exceeded the 1,000 mt mark for the first time, reaching 1,075 mt, a record high. Since officially entering the battery foil market, the company has established a battery foil branch plant and a precision cutting branch plant to form effective upstream and downstream coordination. In just four months, it achieved battery foil products from scratch and from small to large volumes, with production growing by multiples for several consecutive months. Monthly production quickly surpassed the 1,000 mt mark, and the capacity ramp-up pace has been consistent and controllable, laying a solid foundation for expanding production and market development. To continuously strengthen and expand the battery foil industry, Longding Aluminum Enterprise is accelerating the construction of the 100,000 mt battery foil Phase II project. Among them, four new battery foil casting and rolling lines were successfully put into operation in October and quickly achieved stable production of battery foil stock; the construction of six new battery foil dedicated foil rolling units and supporting facilities is progressing in an orderly manner. After the project is completed, the company's battery foil capacity will exceed 8,000 mt per month, entering the first tier of China's battery foil industry and injecting strong momentum into the enterprise's quality improvement, transformation and upgrading, and high-quality development.