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.

On March 17, Rongbai Technology released the "Announcement Regarding the Adjustment of the Equity Structure of a Wholly-Owned Korean Subsidiary and Related Party Transactions," stating its intention to adjust the equity structure of its wholly-owned Korean subsidiary, Jaese Energy Co., Ltd., and to gradually sell the ternary cathode production capacity of Korea JS. This move aims to address challenges related to relevant uncertainties and enhance the company's core competitiveness for long-term participation in the North American lithium battery market, thereby avoiding significant idle overseas production capacity.

March 16, Yongzhen Co., Ltd. issued an announcement stating that the company plans to invest 480 million yuan to implement a "Technical Upgrading Project for the Annual Production of 70,000 Tons of Ultra-Wide Thin-Wall Flat Extruded Aluminum Profiles and Their Deep-Processed Products" at its existing plant in Changzhou, Jiangsu Province. The project has a construction period of 12 months and is expected to commence on March 25. Through technological upgrades to the existing production lines, the company will achieve an annual production capacity of 70,000 tons of ultra-wide thin-walled flat extruded profiles. 40,000 tons of profiles will be used for deep processing, ultimately forming an annual production capacity of 40,000 tons of deep-processed products for new energy applications.

Zhongli Co., Ltd. (603194.SH) announced that, to meet its business development needs, the company plans to invest 350 million yuan in the Zhejiang Anji Economic Development Zone to build a project with annual production capacity of 50,000 intelligent robots and 100,000 sets of forklift components and parts. The funding will come from self-raised funds, including its own funds and bank loans. The project will primarily engage in the R&D and manufacturing of intelligent robots and forklift components and parts equipment.

Recently, Chengdu Xinyan Hydrogen Energy Technology Co., Ltd. completed the batch delivery of 48 hydrogen-powered heavy-duty trucks in the 49-mt class, marking not only a major breakthrough in the market-oriented deployment of the enterprise’s hydrogen-powered commercial vehicles, but also demonstrating its strength in large-scale operations and further accelerating Chengdu’s hydrogen energy industry toward commercialization and clustering. The delivered vehicles were manufactured by Sinotruk Chengshang and equipped with the large-power hydrogen fuel cell system independently developed by Chengdu Xinyan. With high reliability and strong load-bearing capacity, they are well suited to trunk logistics and bulk transportation scenarios. Combined with local hydrogen refueling network support and Sichuan’s expressway toll reduction and exemption policies, they can provide clients with a green, efficient, and low-cost transportation solution. As a core period of the “Chengdu-Chongqing Hydrogen Corridor,” Chengdu is accelerating the development of an ecological system spanning the entire industry chain of “production, storage, transportation, refueling, and application.” Multiple provincial- and municipal-level policies are supporting the promotion of hydrogen-powered vehicles. The operation of these heavy-duty trucks will further drive coordinated development across the upstream and downstream industry chain and foster a virtuous industrial cycle. As hydrogen energy has become a hot topic at this year’s national Two Sessions, with the industry focusing on the large-scale application of fuel cell vehicles, Chengdu Xinyan’s delivery responds to the national strategy with concrete action, supports Chengdu in building a highland for the hydrogen energy industry in western China, and injects new momentum into the region’s green transformation.

[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.

According to Alba’s official website on March 15, Alba has initiated a controlled and safe shutdown of Production Lines 1, 2, and 3, involving capacity equivalent to 19% of its total capacity of 1.623 million mt, with the aim of optimizing the utilization of Alba’s existing raw material inventory and prioritizing the operational stability of Production Lines 4, 5, and 6.

During the survey period (March 10–March 16), the capacity utilization rate of rebar and wire rod rolling lines in the Central China region increased to varying degrees.

As of March 17, the operating rate of 50 electric-furnace steel mills nationwide mainly producing construction materials was 38.64%, up 3.26% WoW; the capacity utilization rate was 39.87%, up 10.53% WoW; and daily average production of construction materials was 88,800 mt, up 23,500 mt WoW.

Based on current production conditions and in line with prevailing market demand, mainstream steel mills in Fujian (such as Sansteel MinGuang, Fujian Sanbao, Fujian Dadonghai, Wuhang, and Fujian Hongfeng) successively adjusted the price spread between size groups for construction steel starting March 17.