It was learned from State Grid Xinjiang Electric Power Co., Ltd. that as of March 18, 2026, Xinjiang's cumulative outbound transmission of new energy electricity reached 304.36 billion kWh, surpassing the 300 billion kWh mark and accounting for about 30% of its total outbound electricity transmission. Xinjiang was an important power-sending region for the country's west-to-east power transmission and green electricity exports. By the end of 2025, Xinjiang had completed the construction of six 10-million-kW-level new energy bases, with installed new energy capacity reaching 169 million kW, accounting for 64% of Xinjiang's total installed capacity.

On March 12, PetroChina’s Tarim Oilfield “Aksu, Shaya County, Fuman Block PV Green Electricity Direct Connection Project” officially received approval from the Xinjiang Uygur Autonomous Region National Development and Reform Commission, making it PetroChina’s first approved green electricity direct connection project. Located in the Taklamakan Desert south of Shaya County, Aksu Prefecture, Xinjiang, the project is a comprehensive green energy project integrating generation-grid-load-storage. According to the plan, the green electricity direct connection project will build a PV power station with a total installed capacity of 100,000 kW as the source of green power. To ensure stable power supply and reduce the curtailment of PV power generation, an additional 20 MW/80 MWh ESS power station will be added to serve as a super “power bank,” effectively smoothing PV fluctuations and ensuring continuous power supply to the load. Connecting the power supply and the power consumption side will be a planned 2.5-km direct power transmission line and a 110-kV substation.

Recently, the National Development and Reform Commission issued the "Resolution on the Approval of the Hami-Dunhuang Third 750 kV Line Project", officially approving the Hami-Dunhua Third 750kV Line Project in Xinjiang. The implementation of the project is of great significance for improving the main network structure of the northwest power grid, strengthening the interconnection capacity of the power grid in Gansu and Xinjiang, and improving the level of new energy consumption in Xinjiang. According to the previous environmental impact assessment information, the total static investment of the project is 1350.9 million yuan, and it is planned to be completed in March 2027.

[SMM Cast Aluminum Alloy Morning Comment: Overnight Aluminum Futures Closed Lower, Spot Cargo Under Short-Term Pressure] On Wednesday, the ADC12 market generally showed a downward trend, with mainstream producers broadly lowering quotes by 100 yuan/mt. This price adjustment was mainly driven by the pullback in aluminum prices, which weakened cost support. Enterprises accordingly adjusted their quotes in line with market changes, but the overall magnitude of the adjustment remained relatively restrained, indicating a rather cautious market sentiment.

[SMM Silicon-Based PV Morning Briefing] Polysilicon: The quoted price for N-type recharging polysilicon was 42-49 yuan/kg. Polysilicon prices continued to decline recently, mainly affected by wafer price cuts and market sentiment. At present, low-priced polysilicon has already fallen below the cost line of some manufacturers, and the willingness to hold quotes firm has strengthened somewhat. The upstream market was also still watching wafer price moves. Wafer: In the market, 18X wafer prices were 1.00-1.05 yuan/piece, 210RN wafer prices were 1.1-1.15 yuan/piece, and 210N wafer prices were 1.3-1.35 yuan/piece. Wafer prices remained stable. Current selling prices have already fallen below cash cost, so the likelihood of another sharp price cut was relatively small.

At a critical stage of China's aluminum industry's green transformation and capacity optimization layout, the 580,000 mt aluminum construction project (EPC integrated general contract) of Wanji Aluminum (Xinjiang) Co., Ltd. has successfully completed the tender and officially commenced construction. With a total investment of nearly 4.6 billion yuan, this modern benchmark aluminum project, underpinned by green and low-carbon principles and centered on capacity optimization, is injecting strong momentum into the high-quality development of Xinjiang's nonferrous metal industry, becoming a significant milestone for industrial revitalization in Northwest China and the upgrading of the aluminum sector.

[Xinjiang Bets on Establishing a Silicon Carbon Anode Industrial Park] Recently, the Huyanghe Economic and Technological Development Zone in Xinjiang and Hangzhou Jinjiang Group held discussions, planning to establish a silicon carbon anode material industrial park in the Huyanghe Economic and Technological Development Zone. The focus will be on developing the silicon carbon anode material industry, further promoting the expansion and upgrading of the new materials industry chain. Upon full completion of the project, it will have an annual production capacity of 150,000 mt of granular polysilicon and over 200,000 mt of silane gas, aiming to become the largest multidimensional new energy, semiconductor, and ESS material production site in the Xinjiang region. The first phase, with an annual output of 30,000 mt of silane gas and a pilot line for granular polysilicon, is expected to be completed and put into operation next year.

[30,000 mt/year Comprehensive Scrap Lithium Battery Recycling Project Lands in Xinjiang] Recently, the People's Government of Dushanzi District and Xinjiang Fengyan Resources Recycling Co., Ltd. (hereinafter referred to as "Xinjiang Fengyan Company") officially signed a strategic cooperation agreement to jointly promote the 30,000 mt/year Comprehensive Scrap Lithium Battery Recycling Project. The signing ceremony was held at the District Bureau of Commerce, marking the official entry of the project into the implementation phase. Upon completion, the project will enable the high-value recycling of 30,000 mt of scrap lithium batteries annually.

【Supply of Silicon Metal in Xinjiang Continues to Increase】According to market feedback, the weekly production of sample silicon plants in Xinjiang was 32,900 mt, with a weekly operating rate of 68%. It continued to increase WoW. With the recent release of production from newly resumed silicon furnaces in Xinjiang, the supply of silicon metal in the region has been steadily increasing, and this trend of supply growth is expected to continue next week.

State Grid Xinjiang Electric Power Co., Ltd. revealed that by the end of 2024, the power generation from new energy sources within the Xinjiang power grid region will reach 116.16 billion kWh, an increase of 30.7% compared to the previous year. Of this growth, the increment in new energy power generation accounts for more than 80% of the total power supply increment. The continuously increasing new energy power generation and its proportion have made it the largest power supply and the main driver of power generation growth in Xinjiang. Among these, PV power generation contributed 40.77 billion kWh, with a growth rate of 65.7%, while wind power reached 75.39 billion kWh, growing by 17.3%. Additionally, the newly installed capacity of new energy in Xinjiang in 2024 is nearly 40 times that of 2021. By year-end, the installed capacity of new energy is expected to exceed 100 million kW.