【SMM Aluminum Flash News】Jianghai Co., Ltd.: Net profit for the first quarter of 2026 was 162 million yuan.

Haomei New Materials (002988.SZ) announced that the company plans to use its Hong Kong subsidiary Haomei Aluminum Products as the investment entity to establish a subsidiary in Morocco and build a new aluminum extrusion production site. The total investment of this project will not exceed 510 million yuan in RMB, funded by the company's own and self-raised capital. The project is expected to form an annual capacity of approximately 44,000 mt of aluminum extrusion, producing automotive lightweight, architectural, and industrial aluminum extrusion products. This matter has been approved at the sixth meeting of the company's fifth board of directors and does not require submission to the shareholders' meeting for approval.In the long run, will help enhance the company's operating performance.

[SMM Aluminum Alloy Daily Review] Futures side, the aluminum alloy 2606 contract opened today at 23,390 yuan/mt, then quickly surged to an intraday high of 23,685 yuan/mt, with gains briefly approaching 0.9%. Prices then fluctuated and pulled back, last reported at 23,575 yuan/mt, up 195 yuan/mt from the previous close, a gain of 0.83%. Short-term moving averages turned upward, and the KDJ indicator formed a golden cross at low levels, indicating that short-term rebound momentum saw some recovery. Spot side, the SMM ADC12 price remained flat from the previous trading day at 24,100 yuan/mt. Cost side, aluminum price fluctuations narrowed, offering limited price support. Demand side, although the Labour Day holiday was approaching, downstream orders contracted, leading to weak stockpiling wi

[SMM Aluminum Express News] India has approved a broad-gauge rail line linking Tikiri to the Kutrumali and Sijimali bauxite mines in Odisha, boosting upstream logistics for the aluminum sector. The project, granted Special Railway Project status, will be developed under a PPP model with funding support expected from Kalinga Alumina and Vedanta Limited, improving bauxite evacuation and supply chain efficiency.