February Aluminum Industry Average Cost Exceeds 7,700 yuan/mt

On February 13, Hefei EVE Lithium Energy Co., Ltd. (hereinafter referred to as "Hefei EVE") was officially established with a registered capital of 500 million yuan. Its legal representative is Zou Hui, and the registered address is located in the Economic and Technological Development Zone of Hefei City, Anhui Province. The company's business scope covers emerging energy technology R&D, battery manufacturing and sales, new material technology R&D, new energy prime mover equipment manufacturing and sales, production and sales of NEV-related components, import and export of goods and technology, and other businesses, spanning the R&D, production, sales, and supporting services of new energy batteries.

Indonesia's aluminum smelting industry is undergoing a massive expansion, with electricity supply emerging as the single most critical factor determining its success. Aluminum production is extremely power-intensive, requiring a steady, high-volume baseload of electricity for the electrolysis process, typically 12-15 MWh per tonne of primary aluminum produced. Any interruptions can halt operations and cause significant losses, making reliable 24/7 power non-negotiable.

Although Emirates Global Aluminium's core profit increased by 7% last year due to higher sales, the company suffered a major setback in Guinea—the local government revoked the bauxite concession of its subsidiary Guinea Alumina Corporation (GAC), resulting in an impairment loss of up to $765 million. The UAE opposed this decision, and Emirates Global Aluminium's President Bin Kalban revealed that consultations with Guinean authorities are still ongoing. In response to the supply disruption, Emirates Global Aluminium quickly launched a diversified supply strategy, signing alternative bauxite supply agreements with countries such as Australia and Ghana, which can currently meet over 70% of its raw material needs.