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The global alumina market is undergoing a wave of production expansion. Iran, China, India, Russia and other countries are actively using new technologies, new equipment, and new methods to improve the production efficiency and product quality of alumina to meet the growing global demand for aluminum. Recently, Iran and China began to cooperate in the production of alumina, showing the potential for cooperation between the two countries in this field. Iran has begun studying the possibility of producing 500,000 tons of alumina per year from low-grade bauxite with the assistance of China. The first phase of research has been completed and the second phase of research work is currently underway, aiming to achieve self-sufficiency. , and reduce dependence on alumina procurement from other countries. According to IMIDRO data, Iran produced 99,473 tons of alumina in the first five months of production, an increase of 1.33% from 98,169 tons a year ago. Although this number is small, it shows Iran's growing trend in this field. On the other hand, China is also actively expanding alumina production. Tianshan Aluminum Group will invest US$1.6 billion to build an alumina plant in Riau Islands, Indonesia, with an annual production capacity of 2 million tons. The initial annual output is 1 million tons, and the investment is US$952 million. This move is part of China's global layout in the aluminum industry and will further enhance its position in the global alumina market. In Africa, Guinea's GAC has formed an alliance with Chinalco to build an alumina plant in the Republic of Guinea. The two companies signed a memorandum of understanding to leverage their combined expertise in the alumina refining industry. This move will not only increase Guinea’s alumina production, but also enhance the position of China and GAC in the global alumina market. In Europe, Rusal began building new alumina refineries. Rusal, the world's second largest aluminum company, announced in June the construction of a modern alumina plant in the Leningrad region. The company will invest approximately 400 billion rubles to build four alumina production technology lines. The project will be developed in two phases. The production capacity of the first phase will reach 2.4 million tons per year and is expected to be put into production at the end of 2028. The second phase of the project will also have similar production capacity and is expected to be completed in 2032. Once completed, this project will create up to 7,500 new jobs in the area. In India, Hindalco is preparing to build an alumina refinery with an annual output of 2 million tons in the Rayagada region of Orissa. The company has signed a long-term memorandum of understanding (MoU) with Odisha Mining Corporation (OMC) to procure bauxite for the project. This is Hindalco’s second alumina plant in Rayagada region, a move that will further consolidate its position in the Indian alumina market. In addition, AEM has begun expanding ...
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Recently, the output of electrolytic aluminum has continued to be at a high level, and the increasing pressure on overseas markets and domestic spot prices has had a certain inhibitory effect on aluminum prices. This article will analyze aluminum prices around these issues. First of all, from the perspective of overseas markets, with the continued inflow of imported goods, the market demand for aluminum is gradually increasing. However, due to the intensification of international trade frictions, some imported aluminum may face increased tariffs, which will increase costs and put certain pressure on aluminum prices. In addition, the demand for aluminum in overseas markets is also affected by the global economic situation. If economic growth slows down or a recession occurs, it will put further downward pressure on aluminum prices. Looking at the domestic market, the output of electrolytic aluminum continues to remain at a high level, resulting in sufficient market supply. At the same time, a huge buildup of inventory and larger-than-expected arrivals during the holidays put pressure on traders. Downstream traders generally adopt an attitude of lowering prices and cautious purchasing, resulting in a bleak outlook for aluminum prices. In addition, the price and trend expectations of aluminum in the domestic market are also important factors affecting aluminum prices. If the market's expectations for future aluminum prices are bearish, massive selling may occur, further suppressing aluminum prices. Based on the above analysis, we can conclude that aluminum prices are expected to weaken in the short term. It is recommended that investors continue to hold short orders to cope with possible downside risks. At the same time, considering the poor demand prospects of the aluminum market after the holiday, spot trading is not active enough, and the overall weak trading volume between buyers and sellers in the market, aluminum prices are expected to fall today. Therefore, it is recommended that investors pay close attention to market dynamics, rationally allocate assets, and avoid risks. In short, the increasing pressure on overseas markets and domestic spot prices has had a restraining effect on aluminum prices, and aluminum prices are expected to weaken in the short term. Investors should remain cautious and allocate assets reasonably to reduce potential risks.
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Hey there, fellow aluminum enthusiasts! Rina Meng here, your go-to gal for all things aluminum-related. Today, I've got some exciting news and a dash of concern to share with you. So, buckle up, grab your favorite aluminum beverage can (or a mug if you're feeling fancy), and let's dive right in! Picture this: a collective of raw materials and clean technology producers, alongside defense and aerospace manufacturers, recently got together and made a passionate appeal to EU policymakers. Their mission? To get aluminum recognized as a strategic raw material under the Critical Raw Materials Act. Now, that's a bold move, my friends! Why all the fuss, you ask? Well, it turns out there are some serious concerns about the supply chain for raw materials. Just like that one time when I couldn't find my favorite aluminum foil to wrap up my leftovers, the world is facing difficulties in sustaining supplies of magnesium. And if that wasn't enough, there's even talk of potential export limits on metals like gallium and germanium. Yikes! Now, you might be wondering, "What's the big deal about aluminum?" Let me tell you, my curious compadres, aluminum is a superstar in the world of materials. It plays a crucial role in a wide range of products and technologies. We're talking electric cars, solar panels, defense tech, and so much more. If we can't get our hands on enough aluminum, these industries, and many others, could face some serious challenges. And trust me, we don't want that! But here's the kicker: two-thirds of the world's aluminum production isn't in open market economies like a bustling aluminum bazaar. Nope, it's controlled by economies where governments call the shots and allocate resources. Talk about a twist in the aluminum tale! So, what's the solution, you ask? Well, our clever collective of aluminum enthusiasts has a plan. They're urging the EU to recognize the strategic nature of aluminum and give it the love and attention it deserves. And guess what? The European Commission has already acknowledged the importance of aluminum in its impact assessment accompanying the CRM proposal. They're on the right track, but we need more! Our group of aluminum advocates believes that the EU needs to take a multi-faceted approach to aluminum production. We gotta ensure a steady supply of this shiny wonder while also being mindful of the environment. It's like juggling aluminum cans while riding a unicycle—tricky but doable! The European Commission has previously mentioned the significance of local production and recycling of aluminum with fewer CO2 emissions. And you know what? They're absolutely right! By focusing on producing aluminum locally and recycling it like a pro, we can reduce the need for imports, create more jobs for Europeans, and make strides towards our environmental goals. It's a win-win situation, my friends! Now, let's take a moment to appreciate the bigger picture. Europe has some ambitious goals when it comes to tackling climate change an...
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Hey there, fellow aluminum enthusiasts! Rina Meng here, ready to dive into the exciting world of alumina prices. Now, I know what you're thinking—alumina might not be the most thrilling topic out there, but hey, we're gonna make it fun, informative, and maybe even a little bit sassy. So, buckle up and get ready for a wild ride through the ups and downs of the alumina market! Picture this: you're sitting at your computer, scrolling through the latest news on Changjiang Nonferrous Metals Network, and bam! You come across the headline that says "Domestic alumina spot rose steadily on the 5th." Now, that's a headline that catches your attention, right? I mean, who doesn't love a good rise in prices? It's like finding money in your pocket that you forgot you had! According to the folks at Changjiang Nonferrous Network, the domestic alumina spot prices were on the rise. In South China, the quotes ranged from 2820 to 2940 yuan per ton. And guess what? That's the same as the previous trading day! Talk about consistency, my friends. Meanwhile, in other regions like the southwest and northwest, the prices were holding steady too. It's like a dance party where everyone's grooving to the same beat! Now, let's talk futures. Alumina futures on the Shanghai Futures Exchange took a bit of a tumble today. The main alumina contract 2311 closed at 3134 yuan, down 4 yuan or 0.13%. But hey, don't let that get you down. We all have our ups and downs, right? It's like riding a roller coaster—sometimes you're up in the clouds, and other times you're screaming your lungs out as you plummet towards the ground. That's the beauty of the market, my friends. It's unpredictable, just like life! But fear not, my fellow aluminum aficionados, because the spot prices of Changjiang Comprehensive Alumina are holding strong. They're rising steadily, like a superhero soaring through the skies. And you know why? It's all thanks to the golden nine and silver ten season for industrial metals. The demand for electrolytic aluminum is looking optimistic, and that's giving a boost to the alumina prices. It's like the stars aligning and sprinkling some good fortune on our beloved alumina. Oh, and did I mention that the alumina production capacity is running smoothly? That's right, folks. The gears are turning, the machines are humming, and we're on track for a stable price in the short term. It's like a well-oiled machine, churning out alumina goodness for all to enjoy. Now, let me take a moment to reflect on this roller coaster of a journey we've been on. Overall, it's been quite the ride. We've seen prices rise, fall, and hold steady. We've witnessed the dance of consistency in some regions and the excitement of futures trading. But through it all, alumina remains a vital player in the aluminum industry.
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Hey there, aluminum enthusiasts! Rina Meng here, your go-to gal for all things aluminum profile-related. Today, I've got some exciting news to share that'll knock your socks off. Brace yourselves because Shengxin New Materials just bagged the prestigious Yangtze River Delta G60 Science and Technology Innovation Corridor Quality Standard Contribution Award! Can I get a round of applause, folks? Woohoo! Now, let me break it down for you. The Yangtze River Delta G60 Science and Technology Innovation Corridor Quality Standard Contribution Award is a mouthful, I know. But trust me, it's a big deal! This award recognizes the outstanding contributions made by companies in the Songjiang District, Jiaxing City, Hangzhou City, Jinhua City, Suzhou City, Huzhou City, Xuancheng City, Wuhu City, Hefei City, and other incredible cities. These cities are on a mission to strengthen the country with quality and embrace the power of standardization. Talk about raising the bar! Picture this: the morning of August 18, 2023, in the vibrant city of Jiaxing, Zhejiang Province. The 2023 Yangtze River Delta G60 Science and Technology Innovation Corridor Quality Standard Conference was buzzing with anticipation. And guess who stole the show? That's right, Shengxin New Materials! Our beloved company clinched the prestigious Quality Standard Contribution Award, and we couldn't be prouder. Now, let me take you on a little journey behind the scenes. You see, it's not all sunshine and rainbows in the aluminum profile industry. We face challenges that test our mettle. But hey, what's life without a few bumps in the road, am I right? We've encountered our fair share of obstacles, but we've always risen to the occasion. We believe in pushing boundaries, challenging the status quo, and delivering excellence in every profile we manufacture. You might be wondering, "Rina, how did Shengxin New Materials manage to snag this prestigious award?" Well, my friend, it's all about our unwavering commitment to quality and innovation. We've got a team of dedicated individuals who pour their heart and soul into every step of the production process. From sourcing the finest raw materials to employing cutting-edge technology, we leave no stone unturned. But let me tell you, it's not just about the technical stuff. It's about the people behind the scenes—the unsung heroes who make it all happen. Our team is like a well-oiled machine, working together in perfect harmony. We've got the brains, the brawn, and a healthy dose of creativity. It's the secret sauce that sets us apart from the competition. Now, let's get down to the nitty-gritty. Shengxin New Materials isn't just an aluminum profile manufacturer; we're trendsetters, trailblazers, and innovators. We believe in pushing the boundaries of what's possible. Our profiles aren't just pieces of metal; they're works of art. They bring structure and beauty to buildings, elevating the architectural game to a whole new level. Whether it's sleek and mod...
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