记者从11月13日举行的自治区涉重金属环境安全隐患排查整治工作调度会及相关部门获悉，今年以 来，自治区党委、政府高度重视涉重金属环境安全风险隐患排查整治工作，按照生态环境部"查、评、 改、治、防、管"指导要求，全力推进整改，目前取得了阶段性成效。 今年涉重金属环境安全风险隐患排查整治工作启动以来，广西第一时间成立工作领导小组，由自治 区党政主要领导担任组长，下设8个工作组，建立"自治区主要领导月调度、分管领导周调度"机制；开 发排查整治"一张图"信息化管理系统，精准使用AI赋能指挥决策；梳理涉重金属污染源清单，滚动排 查、动态补缺，制定8个领域风险等级判定方案，将排查问题按"红、橙、黄"进行风险管控；既抓当下 整改，也谋长效治理，能马上改的问题，要求责任方立行立改，而需要长期整治的，根据生态环境部排 查评估整治技术指南开展风险评估，划分为"高、中、低"风险等级，按"一企一策""一地一策"分类实施 整治，并专门设立涉重金属环境安全专项资金来支持保障排查整治工作；公布8批36起生态环境的典型 违法案例，曝光违法企业名单和处置结果，以及领导干部不担当不作为和违法乱纪等情况，强化警示的 作用。 据统计，截至11月10 ...

Core Viewpoint - The meeting emphasized the importance of addressing heavy metal environmental safety hazards as a major political task, aiming to achieve high-quality development while ensuring high-level environmental protection [2][3]. Group 1: Key Tasks and Strategies - The region is committed to a dual approach of promoting high-quality development and environmental protection, ensuring that neither is sacrificed for the other [2]. - There is a focus on addressing both ecological pollution and deeper issues such as lack of accountability and corruption among leadership [2]. - The strategy includes high-standard planning and policy innovation, with the Nandan key metal high-quality development pilot zone serving as a breakthrough point for the entire non-ferrous metal industry [2]. Group 2: Implementation and Progress - The heavy metal environmental safety hazard inspection and remediation work has made significant progress due to collaborative efforts across various sectors [2]. - The meeting called for a unified approach across all levels of government to ensure timely and quality completion of remediation tasks [3]. - Plans are in place for the upcoming Guangxi non-ferrous metal and key metal industry high-quality development conference and project investment negotiation meeting [3].

Core Viewpoint - The Guangxi Zhuang Autonomous Region government is focusing on the high-quality development of the non-ferrous metal industry, particularly key metals, through a comprehensive reform plan and specific initiatives [1] Group 1: Development Plans - A "1+2+8" planning system for the high-quality development of the non-ferrous metal industry will be established, including a five-year plan for the non-ferrous metal industry, an innovation development plan for key metals, an aluminum industry development plan, and eight specific implementation schemes [1] - A comprehensive pilot zone for key metals will be established in Nandan, serving as a benchmark for high-quality development in the region [1] Group 2: Industry Management and Governance - A special action will be launched to consolidate mining rights and manage "small, scattered, and chaotic" enterprises, improving the mining rights management system and establishing a dynamic regulatory mechanism [1] - A state-owned enterprise group for the development of key metals in Guangxi will be formed, focusing on asset evaluation and optimizing the equity structure [1] Group 3: Support and Policy Measures - The initiative aims to attract and cultivate leading enterprises, enhancing the policy support system to drive the development of high-quality non-ferrous metal enterprises in the region [1] - A package of precise support policies will be introduced, including innovative financing models and optimized resource allocation to create a favorable environment for the high-quality development of the non-ferrous metal industry [1]

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The alumina market is expected to be in a stage of slightly increasing supply and stable demand. It is recommended to conduct light - position, shock - biased long trading, paying attention to rhythm and risks [2]. - The Shanghai aluminum market shows a shock - biased strong trend, with supply stable and demand temporarily weak during the off - season. It is advisable to conduct light - position, shock - biased long trading, controlling rhythm and risks [2]. - The cast aluminum market may face a situation of weak supply and demand, with cost support and weak demand in a game. Light - position, shock - biased long trading is recommended, while controlling rhythm and risks [2]. 3. Summary by Relevant Catalogs Futures Market - **Prices and Positions**: The closing prices of Shanghai aluminum, alumina, and cast aluminum alloy futures main contracts all increased, and their positions also rose. The LME aluminum three - month quotation increased, while the LME aluminum inventory decreased. The Shanghai - London ratio decreased slightly [2]. - **Contract Spreads**: The spreads between this month and next month's contracts of Shanghai aluminum and cast aluminum alloy decreased, while that of alumina increased [2]. Spot Market - **Prices**: The prices of Shanghai aluminum, alumina, and cast aluminum alloy in the spot market generally increased, while the prices of some products such as LME aluminum and Shanghai - Wumao aluminum had different changes in premiums and discounts [2]. - **Basis**: The basis of cast aluminum alloy, electrolytic aluminum, and alumina all decreased [2]. Upstream Situation - **Production and Demand**: Alumina production increased, while capacity utilization decreased slightly. The demand for alumina from the electrolytic aluminum part increased, and the supply - demand balance was in a deficit state. The import and export volumes of aluminum waste and alumina had different changes [2]. Industrial Situation - **Supply - side**: The total production capacity of electrolytic aluminum increased slightly, and the production of aluminum products and aluminum alloy increased. The import and export volumes of primary aluminum and aluminum products had different changes [2]. - **Demand - side**: The production of regenerative aluminum alloy ingots increased, and the production of automobiles also increased [2]. Option Situation - The historical volatility of Shanghai aluminum increased, while the implied volatility of the main - contract at - the - money option of Shanghai aluminum decreased slightly, and the option purchase - put ratio decreased [2]. Industry News - The consumer confidence index in the US increased, and the inflation expectation decreased. The Fed official expressed concerns about tariff - driven inflation and expected a significant interest - rate cut in the next year [2]. - China's consumer market scale ranks second globally, and the Ministry of Industry and Information Technology will promote the high - quality development of the copper, aluminum, and gold industries and regulate the new - energy vehicle industry [2]. Alumina Viewpoint - **Fundamentals**: The supply of domestic bauxite is sufficient, and the production willingness of smelters has increased. The demand for alumina is supported by the high aluminum price and the progress of an electrolytic aluminum capacity replacement project in Yunnan [2]. - **Technical Analysis**: The 60 - minute MACD shows that the double lines are above the 0 - axis, and the red bars expand and then slightly converge [2]. Electrolytic Aluminum Viewpoint - **Fundamentals**: The electrolytic aluminum capacity replacement project is progressing steadily, but the off - season has affected downstream consumption, and the industrial inventory has accumulated [2]. - **Technical Analysis**: Similar to alumina, the 60 - minute MACD shows that the double lines are above the 0 - axis, and the red bars expand and then slightly converge [2]. Casting Aluminum Alloy Viewpoint - **Fundamentals**: The supply of scrap aluminum is tight, and the production of casting aluminum enterprises is affected. The off - season has led to weak demand [2]. - **Technical Analysis**: The 60 - minute MACD shows that the double lines are above the 0 - axis, and the red bars expand and then slightly converge [2].

Core Viewpoint - The article emphasizes the need for a comprehensive approach to address heavy metal pollution while promoting the high-quality development of the non-ferrous metal industry in Guangxi, China [1][3]. Group 1: Industry Development - Guangxi is rich in mineral resources and is recognized as the "hometown of non-ferrous metals" in China, with the industry evolving from small-scale to a more concentrated and higher-level development [2]. - The non-ferrous metal industry has made significant contributions to the regional economic development, but it has also led to serious heavy metal pollution issues that need to be addressed [2][3]. Group 2: Environmental Protection Measures - The government is committed to addressing heavy metal pollution as a critical aspect of Guangxi's high-quality development, implementing a systematic approach that includes "investigation, assessment, remediation, prevention, management" [3]. - There will be a crackdown on illegal mining and heavy metal pollution, with a focus on closing down small, scattered, and disorganized enterprises to optimize the industry layout [3][4]. Group 3: Strategic Initiatives - The strategy includes enhancing cooperation with ASEAN countries in the mining sector, integrating resources from research, enterprises, and supply chains to combat heavy metal pollution effectively [4]. - The government aims to balance political and natural ecological considerations, emphasizing practical actions and innovation to achieve sustainable development in the non-ferrous metal industry [4].

Group 1 - The core viewpoint emphasizes the need for a comprehensive approach to address heavy metal environmental safety issues while promoting high-quality development in the non-ferrous metal industry [1][2] - The meeting highlighted the importance of improving political awareness and responsibility regarding heavy metal pollution prevention, aiming to explore new pathways for high-quality development in the non-ferrous metal sector [2][3] - A shift from "centralized inspection" to "key remediation" is advocated, with plans to close down non-compliant enterprises and attract leading companies in the non-ferrous metal industry to optimize the regional industrial layout [3] Group 2 - The meeting approved the "Action Plan for Deepening Heavy Metal Environmental Safety Hazard Investigation and Remediation (2025-2030)" [4] - Various working groups reported on their progress, indicating a collaborative effort among different departments and local governments to address heavy metal pollution [4]