In March, China’s composite PMI for aluminum processing registered 65.6%, rebounding strongly above the 50 mark.

On March 26, the signing ceremony for the cooperation between Nanning Industrial Investment Group and Shanghai Dinghao New Material Technology Co., Ltd., along with the unveiling ceremony of Nanning Dinghao New Material Technology Co., Ltd., was held at the Chanto Aluminum-Based New Materials Xingning Industrial Park. Shanghai Dinghao New Materials is expected to invest 500 million yuan to build in Nanning a base project with an annual capacity of 60,000 mt of high-performance carbon-coated aluminum foil for new energy batteries.

This week, the weekly operating rate of leading downstream aluminum processing enterprises in China rebounded 1.1 percentage points MoM to 64%.

[Weekly Operating Rates in the Aluminum Processing Industry: China's Aluminum Processing Sector Sees Modest Growth Amid Peak Season Demand] This week, the weekly operating rate of leading downstream aluminum processing enterprises in China edged up 1 percentage point WoW to 62.9%.

[SMM Weekly Survey of the Aluminum Downstream Sector: Downstream Aluminum Operating Rate Continued to Rebound to 61.9%, with High Prices Suppressing the Peak "Golden March" Season] This week, the weekly operating rate of leading downstream aluminum processing enterprises in China rose 2.4 percentage points MoM to 61.9%, overall extending the post-holiday recovery trend, with all segments rebounding MoM, and the industry as a whole entering a normal production pace.

Xinglv’s 100,000 mt Aluminum-Based New Materials Project Commences Operations Recently, the Nanning Industrial Investment Aluminum-Based New Materials Group’s Xinglv company, located in the Kunlun Industrial Park, Xingning District, Nanning, successfully commenced operations for its project with an annual capacity of 100,000 mt of high-precision battery aluminum foil and 70,000 mt of can-end tab stock. As a core project of the aluminum-based new materials industrial park being developed as a key initiative in Xingning District, the project—featuring an annual capacity of 100,000 mt of high-precision battery aluminum foil and 70,000 mt of can-end tab stock—has a total investment of approximately 1.62 billion yuan.