In December 2025, Hongchuang Holdings announced that its major restructuring plan to acquire 100% equity of Hongtuo Industrial for RMB 63.518 billion had been approved by the China Securities Regulatory Commission (CSRC) on December 31, 2025, and the transfer of the target assets was completed on January 5, 2026. Following this acquisition, Hongtuo Industrial will become a wholly-owned subsidiary of Hongchuang Holdings and be included in its consolidated financial statements, effectively reducing the proportion of related-party transactions for the listed company. The issue of competition within the same industry will also be resolved. Furthermore, profitability and asset size will be significantly improved. Both parties in this transaction belong to Weiqiao Group. Hongchuang Holdings has an annual production capacity of 200,000 tons of cast-rolled steel sheets, 200,000 tons of cold-rolled steel sheets, and 120,000 tons of aluminum foil. Hongtuo Industrial has an annual electrolytic aluminum production capacity of 6.459 million tons and an annual alumina production capacity of 19 million tons, accounting for 14.5% and 18.2% of the national total capacity, respectively. Its main business is the production and sales of electrolytic aluminum, alumina, and deep-processed aluminum products.

According to Mining.com, the Simandou iron ore complex, Africa's largest greenfield mine and infrastructure integration project, has commenced operations. Simandou Mountain hosts the world's largest untapped high-grade iron ore deposit. On Tuesday, the President of Guinea, along with representatives from project partners Winning Consortium Simandou (WCS), Baowu, Aluminum Corp of China, and Rio Tinto, attended the commissioning ceremony at the port of Morebaya in the prefecture of Forécariah, marking the official start of the project. Simandou is one of the world's major projects in recent decades. Located in the mountainous region of southern Guinea, it had been stalled for many years. The project is currently delivering a new multipurpose railway spanning over 600 kilometers across Guinea, along with barge and transshipment port facilities. Rio Tinto stated in a press release that once fully operational, this infrastructure will enable Simandou Iron Ore Company (SimFer) and WCS to export iron ore from their respective mines, with a combined annual capacity of up to 120 million mt. The mine, railway, and barge port infrastructure are undergoing testing and commissioning. Both WCS and SimFer have begun transporting iron ore from the mine gates to the port via the Trans-Guinean railway. The project is being developed jointly by the Guinean government, SimFer, and WCS. Once operational, all co-developed infrastructure and rolling stock will be transferred to Compagnie du TransGuinéen (CTG) for operation. SimFer and WCS will each hold a 42.5% stake in CTG, with the remaining 15% held by the Guinean government. Djiba Diakité, Chief of Staff of the Presidency of the Republic of Guinea and Chairman of the Simandou 2040 Strategic Committee, stated in his address: "Simandou is not just a mining project; it is a powerful engine for national transformation." "This collective achievement reflects the vision of the Head of State and the entire nation's firm commitment to building a shared prosperous future," Diakité said. "This commissioning ceremony marks a significant milestone in Guinea's development journey and establishes Guinea as a key player in sustainable development and economic autonomy in West Africa." Rio Tinto CEO Simon Trott said: "This outstanding achievement is the result of the hard work of thousands of our colleagues and the mutual support and professional collaboration with our SimFer partners, the Guinean government, and WCS." "Today we are opening an exceptional high-grade iron ore mine that will not only meet customer demand for low-carbon steelmaking but also further strengthen our world-class iron ore assets in the Pilbara and Canada." WCS is a consortium comprising Winning International Group, Weiqiao Aluminum (affiliated with China Weiqiao Group), United Mining Suppliers (collectively holding 51%), and Baowu Group (holding 49%). The SimFer joint venture includes Simfer S.A., which holds Blocks 3 and 4 of the southern Simandou site, with the Guinean government and SimFer Jersey Ltd. holding 15% and 85%, respectively. SimFer Jersey Ltd. is a joint venture between Rio Tinto Group (53%) and Chalco Iron Ore (47%). Chalco Iron Ore is a consortium led by Chalco Group (75%), with other participating companies including China Baowu (20%), China Railway Construction Corporation (2.5%), and China Harbour Engineering Company (2.5%). The project is located in southeastern Guinea and is divided into four blocks. Blocks 1 and 2 are held by WCS, while Rio Tinto and Chalco hold Blocks 3 and 4.

11On October 17, the AICE 2025 SMM (14th) Aluminum Industry Annual Conference, hosted by SMM Information & Technology Co., Ltd. (SMM), successfully concluded in Zhengzhou, Henan!

[SMM Aluminum Express] At 10:19 a.m. on October 19, the first phase of the 300,000 mt prebaked anode project of Yunnan Wendu New Materials Co., Ltd., a subsidiary of Dushi Group, was fully connected, marking not only a solid and critical step in Dushi Group's strategic layout but also holding significant importance for the local economic development and the aluminum and power industry in Yanshan County. Leveraging its proximity to Yunnan Hongtai Aluminum Industry, a subsidiary of Weiqiao Group, the world's largest aluminum enterprise, Wendu New Materials Co., Ltd. has realized "zero-distance supply and customised services," substantially shortening the logistics radius, reducing carbon emissions, and enhancing supply chain resilience. Upon completion, the project will achieve a production capacity of 500,000 mt of prebaked anode, an industrial output value of 2.5 billion yuan, tax revenue of 200 million yuan, create over 600 local jobs, and contribute Dushi's strength to the high-quality economic development of the region.

On August 22nd, the signing ceremony for the strategic cooperation agreement between Weichai Group and China Merchants Bank was held at the Weiqiao Narada Hotel. The signing ceremony was witnessed by Xu Mingjie, Vice President of China Merchants Bank Head Office and President of its Beijing Branch, Sun Liping, President of its Jinan Branch; Zhang Bo, Chairman of Weichai Group, and Zhao Suwen, Executive Director and Deputy General Manager of Weichai Group. Prior to the signing, the two parties held in-depth discussions. Chairman Zhang Bo expressed his gratitude to China Merchants Bank for its long-term support for the company's development and detailed the company's recent achievements and future plans. He stated that Weichai Group will always maintain resonance with the Party and the State. While continuing to promote the transformation and upgrading of traditional industries, it will accelerate the cultivation and development of strategic emerging industries, explore future industries in multiple dimensions, continuously expand international cooperation, and continuously enhance its global presence. The goal is to contribute the wisdom and strength of Chinese enterprises to the coordinated development of the global industrial chain. President Xu Mingjie stated that as a global leading textile and aluminum manufacturer, Weichai Group has set an excellent benchmark in the industry, and its robust development strategy and innovative philosophy are highly commendable.