Mineração Rio do Norte Secures License for Novas Minas, Extending Bauxite Operations to 2041

Scientists at King's College London in the UK successfully developed a powerful new-type aluminum compound. The compound's unique triangular structure endows it with extraordinary stability and reactivity. With these properties, it can replace expensive and rare metals, thereby significantly reducing costs. This major discovery is expected to drive the emergence of more environmentally friendly and cost-effective industrial processes, and may even give rise to entirely new materials. The related research findings have been published in the latest issue of the journal *Nature Communications*.

On May 7, CCTC Electronics revealed at its earnings briefing that the company had successfully expanded into China's optical communication device ceramic package product sector, with its aluminum nitride thin-film substrates achieving volume supply. Currently, the company has risen to rank among the largest high-end electronic ceramic package manufacturers in China, and holds a leading global market share in ceramic packages and substrates for optical module packaging.

[Geopolitical and Supply-Demand Factors Intertwined, SHFE and LME Aluminum Maintain a Range-Bound Weak Pattern in the Short Term] With the macro situation fluctuating, domestic aluminum prices underperformed LME aluminum under high inventory pressure. Attention should still be paid to whether the turning point in China's inventory can arrive smoothly.