Fujian Guangmin Copper Industry Co., Ltd.'s annual 35,000-ton cold-rolled high-precision copper strip project is striving for a strong start in the first quarter with solid efforts. The Fujian Guangmin Copper Cold-Rolled High-Precision Copper Strip Project is a key cooperation project between Guangdong and Longyan, with a total investment of 1 billion yuan.The project is being constructed in two phases: the first phase includes the construction of an annual production capacity of 20,000 tons of high-performance purple copper and brass high-precision strips and ancillary facilities, while the second phase involves the construction of an annual production capacity of 15,000 tons of high-copper alloy high-precision strips and related facilities.

Among them, the Gulf region was an important consumer market for China in the Middle East: China’s exports of aluminum plate/sheet and strip to Saudi Arabia reached 42,500 mt, and aluminum foil 58,000 mt; exports of aluminum plate/sheet and strip to the UAE reached 103,500 mt, and aluminum foil 93,800 mt; the other four countries (Bahrain, Qatar, Kuwait, and Oman) accounted for combined exports of about 22,000 mt of aluminum plate/sheet and strip and about 11,000 mt of aluminum foil.

1. Procurement Conditions The procurement entity for this procurement project, Metallurgical Machinery March 2026 Steel Strip for Welding Wire Procurement (AGZYFZHGXHD260309272380), is Angang Group Zhongyuan Industrial Development Co., Ltd. The procurement project was funded by self-raised funds. The project had met the procurement conditions, and an open comparative inquiry was now conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Metallurgical Machinery March 2026 Steel Strip for Welding Wire Procurement 2.2 Alternative Procurement Method in Case of Procurement Failure: Negotiation procurement 2.3 For the contents, scope, and scale of this project procurement, please refer to the attachment "Material List Attachment.pdf" for details. 3. Bidder Qualification Requirements 3.1 Joint bids were not permitted for this procurement. 3.2 This procurement required bidders to have the following qualification requirements: (1) Manufacturing business license (2) Distribution business license 3.3 This procurement required bidders to meet the following registered capital requirements: Registered capital for manufacturers: 600,000 yuan and above Registered capital for distributors: 600,000 yuan and above 3.4 This procurement required bidders to meet the following performance requirements: See the attachment for details (if required) 3.5 This procurement required bidders to have the following capability requirements, financial requirements, and other requirements: Financial requirements: See the attachment for details (if required) Capability requirements: See the attachment for details (if required) Other requirements: See the attachment for details (if required) 3.6 For projects that were legally required to undergo tender, bids submitted by dishonest persons subject to enforcement were invalid. 4. Acquisition of Procurement Documents 4.1 Any interested bidder shall, from 17:00 on March 09, 2026 to 08:00 on March 18, 2026 (Beijing time, the same hereinafter), log in to the Ansteel Smart Tender and Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents. Click to View Tender Details:

[SMM Flash News] Aluminum Fundamentals This Week SMM, March 12: Fundamentals: Downstream producers gradually resumed operations after the holiday, and demand for liquid aluminum continued to recover. As of this Thursday, the weekly proportion of liquid aluminum rebounded by about 1.2 percentage points WoW, end-use demand steadily repaired, and downstream operating rates increased further. Driven by the PV installation rush, operating performance remained strong; construction recovered slowly after the holiday, and extrusion operating rates rose WoW; boosted by auto and packaging orders, aluminum plate/sheet, strip and foil operating rates also rebounded this week.

According to SMM, the operating rate of the copper plate/sheet and strip industry was 41.98% in February 2026, down 28.04 percentage points MoM and down 14.49 percentage points YoY. Among them, the operating rate of large enterprises was 47.35%, that of medium-sized enterprises was 35.28%, and that of small enterprises was 31.80%.

Fujian Guangmin Copper Co., Ltd.'s annual 35,000-ton cold-rolled high-precision copper strip project has a total investment of 1 billion yuan. The products are mainly used in areas such as smartphone card connectors, tablet Type-C interfaces, and new energy vehicle plug-in relays. The first phase involves the construction of an annual 20,000-ton high-performance red copper and brass high-precision strip production line and ancillary facilities. The second phase includes the construction of an annual 15,000-ton high-copper alloy high-precision strip production line and ancillary facilities. Upon completion and full operation, the project is expected to achieve an annual operating revenue of 2.5 billion yuan and generate an additional tax revenue of 57.22 million yuan.

[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.

Affected by policies related to secondary copper, production costs for copper plate/sheet and strip enterprises have risen, and processing fees have been raised accordingly. According to SMM, processing fees for brass strip have generally increased recently, with H65 brass strip processing fees quoted at above 2,000 yuan/mt.

In March, the operating rate of the copper plate/sheet and strip industry is expected to be 74.28%, up 32.31 percentage points MoM and up 5.15 percentage points YoY. According to SMM, enterprise orders recovered relatively well after the holiday; after the center of copper prices pulled back in early March, orders were released quickly, and end-use demand from power, home appliances, NEVs, electronics, and other sectors all showed improvement. Most enterprises hold optimistic expectations for post-holiday orders, with both orders and production schedules pointing to peak-season levels.

In February, the overall operating rate of copper plate/sheet and strip enterprises was 41.98%, down 28.04 percentage points MoM and down 14.49 percentage points YoY. Affected by the Chinese New Year holiday, the actual number of production days for copper plate/sheet and strip enterprises was relatively low, limiting capacity release. The operating rate showed a seasonal pullback, which is a normal performance during the Chinese New Year period and was broadly in line with market expectations.