A review of key news in the aluminum industry (7.26-7.30)

【Industry Focus】

The State Bureau of Grain and Material Reserves successfully released the second batch of copper, aluminum and zinc reserves

In accordance with the deployment of the State Council’s executive meeting on ensuring the supply and price stabilization of bulk commodities, in order to alleviate the pressure on the cost of raw materials for enterprises and give play to the role of the reserve market, the State Bureau of Grain and Material Reserves released the second batch of national reserve copper (30,000 tons) on July 29. ), aluminum (90,000 tons) and zinc (50,000 tons), totaling 170,000 tons. Among them, the starting price of Zhejiang Jinhua is 16,250 yuan, the high limit price is 18610 yuan, and the high limit price in Shanghai is 18810 yuan. Compared with the situation of dumping reserves, Ma’anshan, Anhui, which is close to Zhejiang, Shanghai and other places, has a high limit price of only 18,118 yuan. Based on the current high limit price level of the two places, it has increased by more than 500 yuan [details]

Notice on further time-of-use tariff mechanism

The National Development and Reform Commission issued a notice on the further time-of-use electricity price mechanism. The notice pointed out that where the peak-to-valley rate of the large system is expected to exceed 40% last year or that year, the peak-to-valley price difference is not less than 4:1 in principle; in other places, it is not low in principle. At 3:1. All localities must implement a peak electricity price mechanism based on peak and valley electricity prices based on actual conditions. The peak period is reasonably determined based on the time period when the high load of 95% and above of the local power system occurs in the previous two years, and is flexibly adjusted in consideration of the power supply and demand situation of the year, weather changes and other factors; the peak power price is based on the peak power price in principle. Not less than 20%. Encourage the northern regions to study and formulate seasonal electricity heating price policies, and promote further reduction of clean heating electricity costs by appropriately extending the trough period and reducing the valley section electricity price, and effectively guarantee the residents’ demand for clean heating in winter [details]

In the first half of the year, domestic mining profits increased by 1.33 times, and manufacturing profits increased by 67%

From January to June, among 41 major industrial sectors, 39 industries increased their total profits year-on-year, one industry turned losses into profits, and one industry remained flat. The profit of the main industries is as follows: the total profit of the non-ferrous metal smelting and rolling processing industry increased by 2.73 times year-on-year, the coal mining and washing industry increased by 1.14 times, the automobile manufacturing industry increased by 45.2%, the electric power and thermal power production and supply industries increased by 9.5%, The coal and other fuel processing industry turned from a loss to a profit during the same period [details]

China’s aluminum wheel export data from January to June 2021

According to customs data, in June 2021, China exported 7.938 million aluminum wheels (calculated at 10Kg/piece), and the cumulative exports from January to June were 50.588 million, the exports in June were US$389 million, and the cumulative exports from January to June were US$2.350 billion. . In June 2021, China imported 140,000 aluminum wheels (calculated at 10Kg/piece), and the cumulative imports from January to June were 1.069 million, the imports in June were US$112.3 million, and the cumulative imports from January to June were US$75 million [details]

Henan lists alumina, etc. as the scope of the “two highs” project

Recently, the “Implementation Opinions of the Henan Provincial Department of Ecology and Environment on Strengthening the Prevention and Control of the Source of the Ecological Environment of the “Two Highs” Projects” was released. The opinions pointed out that while further optimizing the business environment and stimulating the vitality of market players, it should also earnestly improve the ecology of the “Two Highs” projects. Environmental access, resolutely curb the blind development of “two highs” projects, and promote green transformation and development. The scope of the “two highs” project is currently determined to include steel, iron alloys, alumina, electrolytic aluminum, carbon for aluminum, copper-lead-zinc-silicon smelting (including primary and recycled smelting), cement, lime, building ceramics, bricks and tiles (with sintering process) ), refractory materials (with sintering process), corundum, flat glass, coal power, refining, coking, methanol, nitrogen fertilizer, acetic acid, chlor-alkali, calcium carbide, asphalt waterproof materials and other 22 industry investment projects in the middle-year comprehensive energy consumption1 Projects above 10,000 tons of standard coal【Details】

【Entreprise’s news】

Shenhuo shares: Yunnan Shenhuo’s business plan will not be completed at the beginning of the year due to limited electricity

Shenhuo shares issued an announcement stating that Yunnan Shenhuo, its holding subsidiary, will be affected by the limited power supply, and the 800,000-ton business plan formulated at the beginning of the year will not be completed, which will have a significant impact on Yunnan Shenhuo’s operating results. Due to the uncertain time of production recovery, the specific impact on output and benefits cannot be accurately predicted for the time being. Due to insufficient power supply capacity in Yunnan Province, Yunnan Power Grid has begun to require some electrolytic aluminum plants to reduce the power load, and some enterprises have been required to limit the power load to 30% [details]

The signing ceremony of the strategic cooperation agreement between Weiqiao Germany and the Lightweight Bureau of Baden-Württemberg, Germany and the Sino-German lightweight seminar held

On July 27, the signing ceremony of the strategic cooperation agreement between Weiqiao Germany and the Lightweight Bureau of Baden-Württemberg, Germany, and the Sino-German lightweight seminar were successfully held in the form of online and offline integration. The two parties will work to build a comprehensive development platform based on lightweight scientific research, manufacturing, financing, and markets, and a platform that systematically, in-depth and groundly serves China-Germany and even China-Europe micro-enterprises in the field of lightweight A solid step has been taken on the road to quantification and internationalization [details]

The draft of the reorganization plan of Zhongfu Industry and its subsidiaries was approved by the Second Bond Committee

On the evening of July 27, *ST Zhongfu issued an announcement stating that Zhongfu Industry and 5 subsidiaries (including Zhongfu Power, Zhongfu Aluminum, Zhongfu Carbon, Linfeng Aluminum and Anyang Gaojing) were the second creditors The draft reorganization plan was voted through at the meeting. According to industry insiders, Zhongfu Industrial is currently operating stably. If the reorganization plan is approved by the court, the company will enter the execution period of the reorganization plan. After the reorganization is completed, the debt risk of the enterprise will be resolved fundamentally, and the ability to continue operations and profitability will be improved. Further improvement will be more conducive to protecting the interests of creditors and small and medium investors, and maintaining local economic and social stability [details]

Mingtai Aluminum intends to invest 3.6 billion yuan to build 700,000 tons of secondary aluminum production line and aluminum project

Mingtai Aluminum announced on the evening of July 26 that the company plans to invest 3.6 billion yuan to build a 700,000-ton secondary aluminum production line and aluminum project based on its existing secondary aluminum production capacity. The project will build a production line for comprehensive utilization of renewable resources, realize resource utilization and recycling, and help Mingtai Aluminum enter the era of zero waste of resource recycling [details]

Hualian Super: intends to purchase 100% equity of Shandong Chuangxin Metal Technology Co., Ltd.

On July 26, Hualian Comprehensive Supermarket announced that the company intends to purchase 74.86% of Shandong Chuangxin Metal Technology Co., Ltd. held by 5 shareholders including Chuangxin Group through the issuance of shares; according to the negotiation situation, the company will issue shares to purchase 20 shareholders Holds 25.14% equity of Chuangxin Metal; intends to sell all assets and liabilities to Beijing Hualian Group; the above-mentioned asset purchase and placement are a package transaction; at the same time, it intends to raise matching funds. This transaction is expected to constitute a major asset reorganization and a reorganization and listing, which will result in the change of the company’s actual controller from the Hainan Provincial Cultural Exchange Promotion Association to Cui Lixin. Trading of company stocks will be suspended from July 26 [details]

【Global Vision】

Global alumina production reached 11.695 million tons in June, down 4.26% month-on-month and up 6.14% year-on-year


In June, global alumina production reached 11.695 million tons, a decrease of 4.26% month-on-month and an increase of 6.14% year-on-year. In the second quarter, global alumina production reached 35.625 million tons, an increase of 3.93% month-on-month and 7.81% year-on-year. In the first half of the year, global alumina production totaled 69.903 million tons, an increase of 6.20% year-on-year. Among them, China’s alumina production in June was 6.348 million tons, down 3.23% month-on-month and up 9.82% year-on-year. China’s alumina production in the second quarter was 19.208 million tons, an increase of 4.68% month-on-month and an increase of 11.29% year-on-year [details]

Novelis intends to invest 7 million US dollars to expand the Terre Haute processing plant

Novelis announced that it intends to invest more than US$7 million to expand the project and hire 37 new employees to restart the idle equipment at its processing plant in TerreHaute, Indiana. Novelis is actively recruiting qualified candidates, including operators, mechanics, electricians, engineers and other operational positions [details]

RUSAL’s second quarter aluminum sales volume of 1.038 million tons increased by 7.9% quarter-to-quarter

RUSAL announced that in the second quarter of 2021, aluminum production totaled 936,000 tons (up 0.4% quarter-to-quarter), of which the Siberian smelter accounted for 93% of total aluminum production. In the second quarter of this year, aluminum sales were 1.038 million tons (up 7.9% quarter-to-quarter). In the second quarter of 2021, total alumina production increased by 0.6% quarter-to-quarter to 2.057 million tons. The company’s operations in Russia account for 37% of total alumina production. In the second quarter of 2021, bauxite production increased by 0.9% quarter-to-quarter to 3.836 million tons. The output of nepheline mine increased by 3.5% quarter-to-quarter to 1.099 million tons [details]

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