On June 6, 2025, Allison Ju, Senior Manager of SMM's Aluminum Overseas Sales Team, and Cathy Liu, SMM's Aluminum Analyst, led a delegation to PT Well Harvest Winning Alumina Refinery (hereinafter referred to as "WHW"), where they held in-depth discussions with WHW's management at its Jakarta office.

On June 6, 2025, Ju Anran, Senior Manager of SMM's aluminum category, and Liu Xinyi, Analyst of SMM's aluminum category, led a delegation to PT Well Harvest Winning Alumina Refinery (hereinafter referred to as "WHW") . They held in-depth discussions and exchanges with WHW's management at its Jakarta office. Company Profile Established in 2015, WHW is the first Smelter Grade Alumina (SGA) alumina refinery in Indonesia. The project was jointly invested by China Hongqiao Group Co. Ltd. (holding 56% stake), PT Cita Mineral Investindo Tbk, a subsidiary of Indonesia's Harita Group (holding 30% stake), Winning Investment (HK) Co., Ltd., and Shandong Weiqiao Aluminum & Power Co., Ltd., with a total investment of approximately $1.3 billion. As of year-end 2020, the paid-in capital had reached $1.2 billion. The plant is located in Sungai Tengar District, Mekar Utama Village, Ketapang County, West Kalimantan Province, covering an area of over 1,000 hectares. The first phase, with an annual production capacity of 1 million mt, commenced operations in June 2016 and was expanded to 2 million mt/year in 2022. It is equipped with a steam power plant, an international-standard wharf, and employee dormitory areas. Its products not only meet the demand of local aluminum smelters in Indonesia but are also exported to major markets such as China, India, and Malaysia. During the discussions, both sides explored core issues including WHW's existing production capacity, the composition of raw material and electricity costs, and the promotion of green and low-carbon production technologies. Through communication, both sides enhanced their understanding, further solidified the foundation of mutual trust, and reached preliminary intentions in potential areas such as technological cooperation, raw material exchange, and joint R&D. This visit not only laid a solid foundation for establishing a long-term and stable cooperative relationship in the future but also opened up new opportunities for jointly promoting the green and sustainable development of Indonesia's alumina industry.

Guinea has just made a move that could send tremors through global commodity corridors, cancelling from 50 plus to 129 mineral exploration permits in a single sweep.

Yunnan Wendu New Materials Co., Ltd. was established in February 2025 and is wholly owned by Qinyang Carbon Co., Ltd. Its project with an annual production capacity of 500,000 mt of new-type prebaked anodes is adjacent to Yunnan Hongtai Aluminum, a subsidiary of Weiqiao Group, the world's largest aluminum enterprise, enjoying a unique geographical advantage. Phase I of the project, with an annual production capacity of 300,000 mt of new-type prebaked anodes, is expected to be completed and put into operation on October 19, 2025, taking only 8 months from signing the agreement to commissioning, setting a new industry speed record. Upon full completion and operation of the project, it is expected to achieve a total industrial output value of 2.5 billion yuan, profits and taxes of 200 million yuan, create employment opportunities for over 600 local residents, effectively increase local residents' incomes, and drive regional economic development.

Yunnan Wendu New Materials Co., Ltd. was established in February 2025 and is wholly owned by Qinyang Carbon Co., Ltd. Its project with an annual production capacity of 500,000 mt of new-type prebaked anodes is adjacent to Yunnan Hongtai Aluminum, a subsidiary of Weiqiao Group, the world's largest aluminum enterprise, enjoying a unique geographical advantage. Phase I of the project, with an annual production capacity of 300,000 mt of new-type prebaked anodes, is expected to be completed and put into operation on October 19, 2025, taking only 8 months from signing the agreement to commissioning, setting a new industry speed record. Upon full completion and operation of the project, it is expected to achieve a total industrial output value of 2.5 billion yuan, profits and taxes of 200 million yuan, create employment opportunities for over 600 local residents, effectively increase local residents' incomes, and drive regional economic development.

On April 22, the "Weiqiao-Luxeed Automotive Lightweighting Joint Laboratory" was officially inaugurated in Suzhou. Co-founded by Shandong Weiqiao Pioneering Group and Luxeed Automotive, the laboratory marks a new phase in the strategic cooperation between the two parties and represents a further step forward in Weiqiao, the "aluminum giant,"'s layout in the new energy vehicle (NEV) sector. According to the plan, with the joint R&D efforts of both parties, the proportion of aluminum materials in the auto body of the next-generation products will increase to 50%, the weight of the body in white will decrease by 15%, the torsional stiffness of the auto body will improve by 11%, and the driving range will increase by 10%. Meanwhile, the vehicle-use cast aluminum alloy, jointly developed by both parties, will be applied to the chassis parts of the next-generation products. Compared with the existing aluminum alloy, the fatigue strength will increase by 20%, the weight will decrease by 15%, and carbon emissions will reduce by 20%.