【Industry Focus】
  China's raw aluminum production in March increased by 2.3% year-on-year to 2.97 million tons
  According to the National Bureau of Statistics on April 17th, in March 2020, China's production of ten non-ferrous metals reached 4.83 million tons, an increase of 1.6% year-on-year; The total production from January to March was 14.17 million tons, a year-on-year increase of 2.1%. The production of raw aluminum (electrolytic aluminum) in March was 2.97 million tons, an increase of 2.3% year-on-year; The total production from January to March was 8.84 million tons, an increase of 2.7% year-on-year. According to data from the Bureau of Statistics, the daily average production of raw aluminum in March was about 95800 tons, a decrease of 1.7% from 97450 tons in the first two months of this year, reaching a low daily average production level since October last year.
  Unforged aluminum and aluminum material exports increased by 60.38% month on month in March
  According to data released by the General Administration of Customs, China's export volume of unwrought aluminum and aluminum products in March was around 5185900 tons, a significant increase of 60.38% compared to February and a slight decrease of 5.02% compared to March last year; The total export volume of unwrought aluminum and aluminum products from January to March 2020 was around 1.1876 million tons, a decrease of 17.59% compared to the same period in 2019.
  Fujian Province Releases 2020 Work Plan for Eliminating Backward Production Capacity
  Fujian Province has formulated a 2020 work plan to eliminate outdated production capacity, which requires a focus on industries such as steel, coal, coal-fired power, cement, electrolytic aluminum, and flat glass. By improving the comprehensive standard system, strictly implementing standardized laws and mandatory standards, a group of energy consumption, environmental protection, safety, quality, and technology that fail to meet standards and produce substandard products or eliminated production capacity will be shut down and withdrawn in accordance with the law and regulations, Promote the improvement of ecological environment quality and promote the optimization and upgrading of industrial structure.
  Qingdao Port successfully auctioned over 80000 tons of alumina at a transaction price of 1631.6 yuan
  On April 11, 2020, at 9:00 am, the Intermediate People's Court of Qingdao City, Shandong Province successfully auctioned off six ships of alumina stored in the Dagang Reservoir Area of Qingdao, totaling 83652.88 tons, with a transaction price of 136 million yuan and a unit price of 1631.6 yuan per ton of alumina. Mercuria (China) Metal Resources Co., Ltd. won the public bidding for the "six ships of aluminum oxide stored in the Dagang Reservoir Area of Qingdao, totaling 83652.88 tons" project held on April 11, 2020 at the Intermediate People's Court of Qingdao, Shandong Province on the Alibaba auction platform, with the highest bidding price.
  The added value of industries above designated size nationwide decreased by 8.4% year-on-year in the first quarter

  In the first quarter, the added value of industries above designated size nationwide decreased by 8.4% year-on-year. Among them, the added value of industries above designated size in March decreased by 1.1% year-on-year, which is 12.4 percentage points narrower than in January February; The month on month growth was 32.13%, and the scale of industrial output is close to the same period last year. By category, the added value of the mining industry decreased by 1.7%, the manufacturing industry decreased by 10.2%, and the production and supply of electricity, heat, gas, and water decreased by 5.2%.

  【Enterprise Dynamics】
  The first electrolytic cell of Wenshan Aluminum Industry is planned to be electrified and put into operation by the end of April
  The 500000 ton green low-carbon hydropower aluminum integration project of Yunnan Wenshan Aluminum Industry has completed an investment of 800 million yuan. It is planned to meet the conditions for the first section of the electrolytic cell to be electrified and put into operation by the end of this month. Some electrolytic cells in the first and sixth zones of the electrolysis workshop have been installed, with a total of 123 electrolytic cells in the two zones.
  Ropskin Holdings and Suzhou Zhongheng Investment Sign a Share Transfer Agreement
  According to the announcement by Ropeskin, on April 12, 2020, the controlling shareholder of Suzhou Ropeskin Aluminum Industry Co., Ltd., Ropeskin Holdings Co., Ltd., signed a share transfer agreement with Suzhou Zhongheng Investment Co., Ltd., intending to transfer its 29.84% of the total shares of Ropeskin Aluminum Industry. On the same day, Ropeskin Aluminum Industry held the fourth (temporary) meeting of its fifth board of directors, The plan for the non-public issuance of A-shares to Suzhou Zhongheng Investment Co., Ltd. has been reviewed and approved, and these two matters may result in a change in control of the company.
  Successful one-time casting of large-sized aviation flat ingots in South South aluminum processing
  Recently, after days of technological breakthroughs, Guangtou New Materials Group successfully cast 520 pieces of South South aluminum processing in one go × The 1750mm large-sized 7XXX aviation flat ingot sets the industry's first example, laying the foundation for innovative breakthroughs in the field of aerospace aluminum in South South aluminum processing. The success rate of casting 13 large flat ingots of this specification for the first time reached 92.9%.
  The first phase project of Guangxi Pinglu Group Zhongqiang Aluminum Technology Co., Ltd. has been completed and put into operation
  On the morning of April 11th, Guangxi Pingaluminum Group Zhongqiang Aluminum Technology Co., Ltd. completed and put into operation the first phase project of producing 5 million square meters of aluminum templates and 100000 aluminum carriages annually, and signed strategic cooperation agreements with key enterprises. The total investment of this project is 3.5 billion yuan. After completion and operation, it will provide 800 to 1000 job opportunities, with an expected annual output value of over 10 billion yuan and an annual tax payment of over 600 million yuan.
  Zhang Bo, Chairman of Weiqiao Entrepreneurship Group, was listed on Fortune as the "Most Influential Business Leader in China"
  On April 13th, the Chinese version of Fortune announced the "50 Most Influential Business Leaders in China in 2020", with Zhang Bo, Chairman of Shandong Weiqiao Entrepreneurship Group, ranked 44th. For these 50 business leaders, Fortune magazine commented: "While creating vitality for the business community, they are also receiving an important lesson from the business community. In 2020, the world needs more leadership and collaboration from the business community to heal the wounds caused by the epidemic.

  【Global Vision】

  Nobilis Announces Successful Completion of Acquiring Aleris Aluminum
  On April 14th, Nobilis announced the completion of its acquisition of Aleris Aluminum for $2.8 billion, including an equity value of $775 million, assuming approximately $2 billion of Aleris Aluminum's current outstanding debt and $50 million in contingent consideration payments. Nobilis will acquire 13 factories of Aleris Aluminum in North America, Europe, and Asia. In order to comply with relevant legal requirements, Nobilis will sell Aleris Aluminum's factories in Louisport, Kentucky, USA and Deaver, Belgium.
  US scrap aluminum exports climbed to a three-month high in February
  According to World Aluminum Network, despite the outbreak of Covid-19 and the suppression of global supply chain demand, the export volume of scrap aluminum from the United States climbed to a three-month high in February. In February, the United States exported 145000 tons of scrap aluminum (excluding used beverage cans), an increase of 4% compared to January 2020 and basically unchanged from the same period last year. In February, India was a customer of scrap aluminum imports from the United States, importing 33000 tons of scrap aluminum; Secondly, South Korea imported 24000 tons; The third is Malaysia, which imports 22500 tons.
  India raises objections to the US raising tariffs on aluminum derivatives under the terms of the World Trade Agreement
  Due to the Trump administration's decision to raise import tariffs on steel and aluminum derivatives, India is invoking WTO safeguards in response to the US government's actions. Previously, the US President announced a 25% and 10% increase in tariffs on steel and aluminum derivatives, respectively. Derivatives of aluminum include twisted wires, cables, braids, and aluminum bumper stamping parts for automotive engines.