Aluminum of the future

West Aluminum - West Aluminum Industry Telecom: In recent years, despite the impact of the COVID-19 and the impact on major economies around the world, China's aluminum industry has unswervingly implemented a series of regulatory policies such as the notice on the special action plan for cleaning up and rectifying illegal projects in the electrolytic aluminum industry on the basis of a basically good domestic economy. The supply side structural reform has been deepened, and the demand side market development has been steadily promoted, The profitability of the industry has been continuously enhanced, and it is gradually becoming stable on the road of high-quality development.

In 2021, China's electrolytic aluminum output was 38.5 million tons, with a year-on-year increase of 4.8%. In the first half of this year, China's electrolytic aluminum output was about 19.76 million tons, basically the same as that of the same period last year. Since last year, under the influence of imported inflation, capacity ceiling, dual control of energy consumption, power and production restriction and other factors, aluminum prices have been running at a high level, and the price per ton of aluminum has approached a high of 25000 yuan, hitting a new high in the past 15 years. However, recently, due to the rising cost of raw materials and the continuous interest rate hike of major economies in the world, the market worried about the global economic recession, which led to a sharp correction in aluminum prices, and even touched the breakeven point of some enterprises again. Looking at the overall situation, the supply and demand fundamentals of China's aluminum industry have not changed much, and challenges and opportunities coexist. At present, China's aluminum industry is taking promoting the realization of the "double carbon" goal as the core, based on the new development stage, implementing the new development concept, and accelerating the construction of a new pattern of domestic and international double cycle aluminum development.

It starts here, but it doesn't stop there. China's aluminum industry should adapt to the five development concepts of "innovation, coordination, green, openness and sharing". Under the background of the new requirements of the development of the "double carbon" goal, we should speed up the "article" of green low-carbon, international production capacity cooperation and regeneration cycle. In addition, we should also do a good job in the eternal topics of scientific and technological innovation, high-end development and so on. Those who do not seek the overall situation are not enough to seek a domain; He who does not seek immortality is not enough to seek a moment. The future of aluminum needs the joint thinking of the whole industry. Let's live up to the ambition of strengthening the aluminum industry, take advantage of the long wind of the times, break through the huge waves, and work together for the future and make new achievements!

Source: China Nonferrous Metals News