Aluminum Industry Annual Report 2024

Contents
1 Definition, Type, Distribution, Application 8
1.1 Definition 8
1.1.1 Bauxite 8
1.1.2 Alumina 8
1.1.3 Primary Aluminum 8
1.1.4 Aluminum Alloy Ingot 8
1.1.5 Aluminum Scrap 8
1.1.6 Aluminum Bar 8
1.2 Type 8
1.2.1 Bauxite 8
1.2.2 Alumina 8
1.3 Distribution 8
1.3.1 Bauxite 8
1.3.2 Alumina 9
1.3.3 Primary Aluminum 9
1.3.4 Aluminum Alloy Ingot 10
1.3.5 Aluminum Scrap 10
1.3.6 Aluminum Bar 10
1.4 Application 11
1.4.1 Bauxite 11
1.4.2 Alumina 11
1.4.3 Primary Aluminum 11
1.4.4 Aluminum Alloy Ingot 11
1.4.5 Aluminum Bar 12
2 Policy and Economy 12
2.1 Chinese Market 12
2.1.1 China vows to boost construction of basic mining infrastructure 12
2.1.2 Henan adds 16 medium to large deposits in 2023 12
2.1.3 Henan expects nonferrous industry to peak carbon emissions by 2030 12
2.1.4 China to hold new round of breakthrough strategic action promotion meeting for mineral exploration 12
2.1.5 Shanxi reinforces mine safety measures 12
2.1.6 Sichuan issues plan to peak carbon emission for nonferrous industry 12
2.1.7 Shanxi implements new regulations for mineral resources management 12
2.1.8 China unveils two-year plan for energy conservation and carbon reduction 12
2.1.9 Guizhou's latest round of mineral exploration achieves significant results 12
2.1.10 Shanxi stops mining licence extension for below standard mines 12
2.1.11 China releases energy conservation and carbon reduction plan for aluminum sector 13
2.1.12 Turkey's AD measure on China's aluminum foils to expire in Jan 2025 13
2.1.13 Henan plans to cancel 8% bauxite tax subsidy 13
2.1.Asian Metal Copyright4 Application 11 1.Asian Metal Copyright14 China's bauxite reserves increase by 4.7% YoY in 2023 13
2.1.15 China cancels export tax rebates for aluminum and other products 13
2.2 International Market 13
2.2.1 Indian govt to monitor steel, aluminum exports to US, demands concessional rates 13
2.2.2 Indonesia mining ministry working to approve more nickel, tin quotas 13
2.2.3 Guinea's trade union declares general strike 13
2.2.Asian Metal Copyright1.Asian Metal Copyright4 Indonesia issues production quotas of 15.88 million tons of bauxite 13
2.2.5 Bauxite mining rights auctioned in Madhya Pradesh, India 13
2.2.6 Japan introduces exports ban on 164 types of goods to Russia 13
2.2.7 LME bans Russian-origin metal after UK, US impose new sanctions 14
2.2.8 Red Sea transport crisis eased 14
2.2.9 Natural gas supply shortage occurs in Australia 14
2.2.10 EU announces tariffs on Chinese electric vehicles 14
2.2.11 Kyrgyzstan plans to extend scrap export ban outside EAEU for another six months 14
2.2.12 US announces tariffs on metals routed through Mexico 14
2.2.13 AAI asks for an increase in import duties on aluminum and aluminum scrap 14
2.2.14 Indonesia introduces domestic bauxite guidance prices 14
2.2.15 Indian state of Jharkhand to impose taxes on bauxite mining 14
2.2.16 China launches anti-discrimination probe against Canada's tariffs hikes 14
2.2.17 Indonesian authorities impose penalties on mining companies for project delays 14
2.2.18 Guinea government imposes additional river management tax 14
2.2.19 EEC extends anti-dumping measures against Chinese aluminum wheel hubs 14
3 Market Movements 15
3.1 Chinese Market 15
3.1.1 Chinese origin bauxite Al2O3 60%min Al/Si=5.0 Ex-VAT delivered to China 15
3.1.Asian Metal Copyright5 Shanxi reinforces mine safety measures 12 2.Asian Metal Copyright2 Alumina 98.5%min EXW China 15
3.1.3 Aluminum Fluoride 96%min EXW China 16
3.1.Asian Metal Copyright3.Asian Metal Copyright4 Aluminum Hydroxide 64.5%min EXW China 17
3.1.5 Fluorspar 97%min delivered to China 18
3.1.6 Liquid Caustic Soda 100% consistency delivered to China 19
3.1.Asian Metal Copyright3 Southeast Precision Technology puts new aluminum bar production equipment into operation 40 4.Asian Metal Copyright7 Aluminum Ingot 99.7%min EXW 20
3.1.8 Secondary Aluminum Alloy Ingot ADC12 EXW China 22
3.1.Asian Metal Copyright15 China cancels export tax rebates for aluminum and other products 13 2.Asian Metal Copyright9 Aluminum Alloy Ingot A356.2 EXW China 23
3.1.10 Aluminum Bar 6063 φ120mm EXW 24
3.1.11 Aluminum Scrap 26
3.2 Export Market 28
3.2.1 Aluminum Fluoride 61%min FOB China 28
3.2.2 Aluminum Alloy Ingot ADC12 FOB China 29
3.3 International Market 30
3.3.1 Guinean Bauxite Al2O3 45%min SiO2 3%max CIF China 30
3.3.2 Cast Aluminum Alloy Ingot ADC12 CIF China 31
3.3.3 Imported Zorba Aluminum Scrap 98-1 CIF China 31
4 Company News 32
4.1 Bauxite 32
4.1.1 Bosnia's Alumina in 2024 bauxite supply deal with Lein 32
4.1.2 Antam renews bauxite mining permit 33
4.1.3 Guizhou Qiya's low-grade bauxite beneficiation project starts operation 33
4.1.4 Ashapura finishes port building for bauxite transportation 33
4.1.5 Camalco agrees a bauxite mining convention 33
4.1.6 Winning International increases bauxite production 33
4.1.7 IB2 to build a bauxite concentrate extraction plant in Shanxi of China 33
4.1.8 CPGM invites partners for joint bauxite investment in Guinea-Bissau 33
4.1.9 Henan International starts bauxite port construction 33
4.1.10 Elite Mining to load the first shipment of bauxite 33
4.1.11 Guangxi Xinfa awarded mining permit for bauxite resources 33
4.2 Alumina 34
4.2.1 Alcoa to curtail production at Kwinana alumina refinery 34
4.2.2 Ghana selects Mytilineos as strategic partner for alumina refinery and bauxite mine 34
4.2.3 Xinfa Chemical restarts the second alumina production line 34
4.2.Asian Metal Copyright8 Secondary Aluminum Alloy Ingot ADC12 EXW China 22 3.Asian Metal Copyright4 Vietnam to invest $7.3bn to boost alumina, aluminum production 34
4.2.5 Vedanta Aluminium expands alumina refining capacity 34
4.2.6 Guangxi Xinfa to restart one alumina production line 34
4.2.7 Zhixuan New Materials restarts alumina production 34
4.2.8 Hetai Group to build one alumina project 34
4.2.Asian Metal Copyright5 Adaro to reach full production by early 2026 35 4.Asian Metal Copyright9 Constriction kicks off on 2.4Mtpa alumina project in Fangchenggang 34
4.2.10 Vedanta announces quarterly and semi-annual aluminum production 34
4.3 Aluminum Fluoride 35
4.3.1 Alufluor produces 20,000t of aluminum fluoride in 2024 35
4.3.2 Do-Fluoride resumes production 35
4.3.3 Fude Technology launches aluminum fluoride production 35
4.3.4 Kingsebo to launch the second aluminum fluoride production line 35
4.3.5 Zhaohe New Material restarts aluminum fluoride production 35
4.3.6 Jinruida Aluminum to restart normal aluminum fluoride production 35
4.4 Primary Aluminum 35
4.4.1 Shanghai Xuhaineng to build high-purity aluminum project in Holingol 35
4.4.2 Inalum invests in construction of new alumina refinery in West Kalimantan 35
4.4.3 Baiyinhua Coal & Electricity reaches full production of primary aluminum 35
4.4.4 Huaqing Aluminum to reach full production 35
4.4.5 Adaro to reach full production by early 2026 35
4.4.7 Century Aluminum to invest in building first new primary aluminum plant in US 35
4.4.8 Baikuang Aluminum puts primary aluminum into production 36
4.4.9 Wenshan Aluminum completes production resumption of primary aluminum 36
4.4.10 Yidian Holding starts building new primary aluminum project in Inner Mongolia 36
4.4.11 Yunnan Shenhuo Aluminum to complete resumption of primary aluminum production 36
4.4.12 Yunnan Qiya Aluminum resumes primary aluminum production 36
4.4.13 Tianshan Aluminum to expand production capacity 36
4.4.14 Huomei Hongjun to build 350ktpa green aluminum project 36
4.4.15 Rio Tinto to invest in low-carbon aluminum electrolytic cells in Quebec 36
4.4.16 Huayun New Materials puts phase three primary aluminum project into operation 36
4.4.17 RUSAL gets green aluminum certification in China 37
4.4.18 Shuangyuan Aluminum to increase aluminum production capacity 37
4.4.19 Bomei Aostar Aluminum reaches full capacity production for primary aluminum 37
4.4.20 Yunlv Yuxin reaches full production of primary aluminum 37
4.4.21 Guangtou Yinhai completes trial production at 10ktpa high-purity aluminum project 37
4.4.22 Netherlands's sole primary aluminum producer halts production 37
4.4.23 Huangguoshu Aluminum resumes primary aluminum production 37
4.4.24 Diantou Energy begins construction of green aluminum project 37
4.4.25 Dongxing Auminum obtains green-power aluminum certification 37
4.4.26 Nongliushi Aluminum launches a new project 37
4.5 Aluminum Alloy 37
4.5.1 Baotai Group to build 600ktpa aluminum ingot and bar project 37
4.5.2 Yunnan Hongbang's high-end aluminum alloy project begins trial production 38
4.5.3 Jinfei Kaida breaks ground on aluminum alloy wheel project in Yu'an 38
4.5.4 100ktpa aluminum ingot and sheet project breaks ground in Zongyang 38
4.5.5 Hydro to expand production capacity of Henderson secondary aluminum plant 38
4.5.6 Tianjin Xinlizhong to supply die-casting aluminium alloy to key client 38
4.5.7 Jinfei's NEV aluminum alloy wheel project breaks ground in Thailand 38
4.5.8 Yunnan Zhongli's 100ktpa secondary aluminum alloy project starts operation 38
4.5.9 Lizhong partners with Wencan on integrated die-casting aluminum alloy project 38
4.5.10 Henan Shuaiyichi suspends secondary aluminum alloy ingot production 38
4.5.11 Deyang Tianhe inks deal for automotive aluminum alloy project in Guangyuan 39
4.5.12 Anhui Jinhong puts 200ktpa secondary aluminum project into operation 39
4.5.13 Magre Light Metal puts aluminum alloy production line into operation 39
4.5.14 Anhui Bolan kicks off construction of 100ktpa secondary aluminum project 39
4.5.15 XinJiang Technology puts titanium and aluminum alloys project into operation 39
4.5.16 Magre Light Metal heats furnaces for aluminum alloy production equipment 39
4.5.17 Hongbang New Materials to build new aluminum alloy ingot production lines 39
4.6 Aluminum Bar 39
4.6.1 Southeast Precision Technology puts aluminum bar into production 39
4.6.2 Yunnan Jinzhou breaks ground on 130ktpa aluminum materials project 39
4.6.3 Southeast Precision Technology puts new aluminum bar production equipment into operation 40
4.6.4 East Hope shuts down two aluminum bar production lines 40
4.6.5 Southeast Precision Technology puts new aluminum bar equipment into trial production 40
4.6.6 Chuangxin Alloy puts aluminum bar project phase II into production 40
4.6.7 Jimusaer Southeast Aluminum to upgrade aluminum bar production equipment 40
4.6.8 Yuanda Aluminium to put new aluminum bar production line into production 40
4.6.9 Yifan Aluminum increases aluminum bar production 40
4.6.10 Shaanxi Xincai puts 50ktpa aluminum product project into operation 40
4.6.11 Shuofeng Aluminum suspends aluminum bar production 40
4.6.12 Kam Kiu Aluminium participates in investment of an aluminum alloy project in Vietnam 41
4.6.13 Nanping Aluminium preheats furnaces for aluminum alloy project 41
4.7 Aluminum Plate and Strip 41
4.7.1 Dare Power to build aluminum sheet and strip and battery foil project 41
4.7.2 Southwest Aluminium kicks off construction of 1Mtpa aluminum alloy project 41
4.7.3 Hongbang New Materials to launch aluminum alloy production 41
4.7.4 Shandong Hongchang breaks ground on light-weight aluminum alloy project 41
4.7.5 Danjiangkou Aluminum puts aluminum foil production line into operation 41
4.7.6 Baosteel, Baowu Aluminum, KOBELCO to form aluminum panels JV in Shanghai 41
4.7.7 Northern Aluminum's high-end sheet, strip and foil project starts trial production 42
4.7.8 Chalco units to acquire aluminum slab ingot production line 42
4.7.9 Hanjiang Group starts production at 70ktpa aluminum foil project 42
4.7.10 Zhihui Xinyuan finishes construction of secondary aluminum alloy project 42
4.7.11 Chinalco Aluminum Foil launches new project in Kunming 42
5 Producers' Statistics 42
5.1 Bauxite 42
5.1.1 Capacity 42
5.1.2 Operating Rate 42
5.1.3 Output 42
5.1.4 Number of Producers 43
5.2 Alumina 43
5.2.1 Production Capacity 43
5.2.2 Operating Rate 43
5.2.3 Output 43
5.2.4 Inventory 44
5.2.5 Number of Producers 44
5.3 Aluminum Fluoride 44
5.3.1 Production Capacity 44
5.3.2 Operating Rate 44
5.3.3 Output 45
5.3.4 Inventory 45
5.3.5 Number of Producers 45
5.4 Primary Aluminum 45
5.4.1 Production Capacity 45
5.4.2 Operating Rate 46
5.4.3 Output 46
5.4.4 Inventory 46
5.5 Secondary Aluminum Alloy Ingot 47
5.5.1 Production Capacity 47
5.5.2 Operating Rate 47
5.5.3 Output 47
5.5.4 Inventory 47
5.6 Aluminum Bar 48
5.6.1 Production Capacity 48
5.6.2 Operating Rate 48
5.6.3 Output 48
5.6.4 Inventory 49
6 Consumers' Statistics 49
6.1 Chinese Origin Bauxite 49
6.1.1 Consumption Capacity 49
6.1.2 Consumption Volume 49
6.1.3 Inventory 49
6.2 Imported Bauxite 50
6.2.1 Consumption Capacity 50
6.2.2 Consumption Volume 50
6.2.3 Inventory 50
7 Customs Statistics 51
7.1 Import 51
7.1.1 Bauxite 51
7.1.2 Alumina 51
7.1.3 Aluminum Scrap 51
7.1.Asian Metal Copyright2 Alumina 9 1.Asian Metal Copyright4 Unwrought Aluminum (Al<99.95%) 52
7.1.5 Unwrought Aluminum Alloy 52
7.2 Export 52
7.2.1 Aluminum Fluoride 52
7.2.2 Unwrought Aluminum Alloy 52
8 Supply and Demand Outlook 53
8.1 Bauxite 53
8.1.1 Chinese Origin Bauxite 53
8.1.2 Imported Bauxite 53
8.2 Alumina 98.5%min 53
8.3 Aluminum Fluoride 61%min 53
8.4 Aluminum Ingot 99.7% 53
8.5 Aluminum Alloy Ingot ADC12 53
8.6 Chinese Cast Aluminum Scrap 53
8.6.1 Chinese Origin Cast Aluminum Scrap 53
8.6.2 Imported Cast Aluminum Scrap 53
8.7 Chinese Aluminum bar 6063 53

.Asian Metal Copyright6 Winning International increases bauxite production 33 4Asian Metal Copyright