Shiyan Taixiang Redirects IPO Funds to New Automotive Parts Project

This week, the weekly operating rate of China's leading aluminum downstream processing enterprises pulled back 0.5 percentage points WoW to 64.7%. The industry continued its weak recovery pattern, with divergence among segments intensifying.

[SMM Aluminum Express News] Imerys announced on April 10, 2026, a binding agreement to acquire Great Lakes Minerals, a major U.S. processor and distributor of calcined bauxite, mullite, and fused alumina for the refractory and abrasive industries. The acquisition strengthens Imerys’ position in North America, supported by strategic assets along the Ohio River in Kentucky with efficient barge-to-plant logistics. It is expected to generate approximately $80 million in annual revenue post-integration and benefit from ongoing industrial reshoring in the USA. The deal is expected to close in the first half of 2026, subject to standard conditions.

According to reports, on April 8, Bojun Technology achieved phased results in the integrated die-casting field. Since Q3 2025, some integrated die-casting projects have gradually entered mass production. Currently, mass production projects include rear floor panels, shock tower assemblies, rear inner side panels, safety grab handle brackets, front wheel arch assemblies, and shock tower bracket assemblies, among others. Projects such as front dash panels and rear sill connecting plate assemblies also plan to enter mass production in H1 2026. In addition, the company was awarded the BAIC STELATO project designation in 2025. The project plans to commence production in 2026, primarily involving integrated die-cast rear floor panels and shock towers for three car models.