特朗普（资料图） 据红星新闻报道，近日，美国政府一边施压贸易伙伴，要求其提交贸易谈判的最佳方案，一边继续挥舞关税大棒，将钢铝产品关税翻倍。与此同时，经合组 织年内第二次下调美国今年经济增长预期，并指出美国相关政策剧烈变化导致包括美国在内多个经济体增长预期下调。经合组织首席经济学家佩雷拉表示， 美国关税政策给全球贸易带来不确定性，严重冲击世界经济。佩雷拉说，当前全球经济贸易政策面临前所未有的重大不确定性，这对各项经济指标产生深远 影响。 特朗普（资料图） 根据路透社曝光的信函草案，特朗普政府要求各谈判国在4日0时提交各国最优核心提案。要求降低对美国工业品、农产品的关税壁垒，扩大采购配额；并承 诺数据跨境流动、禁止强制技术转让；取消针对美企的歧视性法规；经济安全合作方面，要在供应链、关键技术领域对美"表忠心"。若未按时提交，美国将 单方面评估并抛出"对等关税"方案——即直接匹配各国对美商品的现行税率，最高可达100%。特朗普为何如此急迫的向各国施压？ 其实主要原因还是有中国，截至目前，中美关税博弈的变数仍然很大。一方面，美国对华关税豁免至8月30日。美国的这一退让被视为是"以退为进"。另一 方面，中国在整场博弈的 ...

股票代码：601600 股票简称：中国铝业 公告编号：临2025-041 中国铝业股份有限公司 限公司股东会议事规则》及《中国铝业股份有限公司董事会议事规则》的议案 三、除上述拟增加的临时提案外，公司于2025 年 5 月 9 日公告的原股东会通知事项 不变。 关于2024年年度股东会增加临时提案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、股东会有关情况 | 股份类别 | 股票代码 | 股票简称 | | 股权登记日 | | --- | --- | --- | --- | --- | | Ａ股 | 601600 | 中国铝业 | 2025/6/20 | | 二、增加临时提案的情况说明 公司已于2025 年 5 月 9 日披露了《中国铝业股份有限公司关于召开 2024 年年度股东 会、2025 年第一次 A 股类别股东会及 2025 年第一次 H 股类别股东会的通知》（公告 编号：临 2025-028），单独持有公司30.51%股份的控股股东中国铝业集团有限公司， 在2025 年 6 月 10 日提出临时提案并书面 ...

Core Viewpoint - The company is preparing for its 2024 annual general meeting and the first A and H share meetings of 2025, focusing on governance, board elections, and operational performance improvements [2][3][5]. Meeting Agenda - The meetings will cover various proposals including the election of board members, approval of the annual report, and financial plans for 2024 [3][4][5]. - The agenda includes the election of executive directors and independent non-executive directors [4][5]. Board Composition and Performance - The board consists of 9 members, with recent changes in leadership and the addition of new independent directors [5][6]. - The board has held multiple meetings, approving 58 proposals related to financial management, risk assessment, and strategic partnerships [6][7]. Financial Performance - In 2024, the company achieved a net profit of RMB 12.4 billion, a year-on-year increase of 85.38%, with operating cash flow of RMB 32.8 billion, up 21.37% [20]. - The return on equity reached 19.26%, an increase of 7.33 percentage points, and the debt-to-asset ratio fell to 48.10%, the lowest in a decade [20]. Operational Highlights - The company has focused on resource exploration, achieving an additional resource volume of 73.55 million tons in 2024 [21]. - Significant production increases were noted in alumina, electrolytic aluminum, and gallium, with capacity utilization at historical highs [20][21]. ESG and Compliance - The company has enhanced its ESG governance structure, integrating it into overall strategic goals and achieving recognition in the market [16][17]. - Compliance management has been strengthened, with updated policies and procedures to ensure legal adherence and risk mitigation [18][19]. Future Plans - The company aims to continue optimizing production and resource management, with a focus on sustainable practices and technological innovation [26][27]. - Plans include expanding domestic and international resource acquisition and enhancing operational efficiency through digital transformation [26][27].

经中国证监会同意，铸造铝合金期货、铸造铝合金期权今天9时、21时先后在上海期货交易所挂牌交易。这意味着我国首个再生商品期货、期权正式上市。 铸造铝合金是以废铝为主要原料，与铜、硅等熔炼后，通过铸造工艺生成毛坯或零件的铝合金，广泛应用于汽车、摩托车、机械设备等领域，是我国正大力 推动发展的资源循环利用产业、再制造产业。 上市首日，交易现场情况如何呢？ 铸造铝合金你可能不熟悉，但是你肯定用过。我们开的新能源汽车、摩托车都有它做的零部件，包括家里用的五金灯具、手机外壳等等都有它的身影。 铸造铝合金成品最典型的特点就是循环利用、绿色低碳。 铝产业是高耗能产业，需要使用大量的电力和水。但是铸造铝合金是用废铝制作而成，节能环保。生产1吨铸造铝合金的碳排放量，只有传统电解铝的 3.6%，还可以节约22吨水。 铝产业链集齐"期货三兄弟" 记者来到上海期货交易所的四楼交易大厅。一个多小时前，我国期货市场首个再生商品品种——铸造铝合金期货成功在这里敲锣上市。来自监管部门、行业 协会和各企业代表共同见证了这一历史时刻。 从交易大厅的大屏幕上可以了解到，铸造铝合金期货上市后的第一个小时，交易相对来说比较平稳。 从今天开始，铝产业链集 ...

Core Viewpoint - The city of Zouping in Shandong Province is successfully exploring a high-quality development path through a three-dimensional driving strategy of "technological innovation, platform empowerment, and talent foundation," leveraging its leading lightweight aluminum industry cluster to promote urban prosperity and rural-urban integration [1]. Group 1: Industry Foundation - Zouping City relies on technological innovation as the engine for sustainable urban development, establishing a "1+3+N" aluminum industry ecosystem, with a leading enterprise, Weiqiao Chuangye Group, ensuring an electrolytic aluminum production capacity of 1.6 million tons and a high-end aluminum water direct supply ratio of 85% [2]. - The aluminum industry cluster achieved a revenue of 270 billion yuan, with over 120 aluminum-related enterprises forming a complete industrial chain from aluminum ingots to automotive parts [2]. Group 2: Platform Empowerment - Zouping is building a multi-level innovation platform system to enhance urban service functions and attractiveness, with initiatives such as the provincial-level construction of a lightweight aluminum "industrial brain" and the establishment of various research and development bases [2]. - The successful hosting of major events and the establishment of key platforms have attracted numerous upstream and downstream enterprises, fostering a virtuous cycle that enhances the city's comprehensive competitiveness and innovation atmosphere [2]. Group 3: Talent Development - Zouping City implements a "pyramid-style" talent program, focusing on attracting high-level talents, with 2 national-level talents and 4 provincial-level talents among its ranks [3]. - The city has been recognized as one of the top ten most attractive counties for college graduates in the province, significantly optimizing its population structure and driving industrial innovation and economic growth [3].

Report Industry Investment Rating - No specific industry investment rating provided Core Views -成材预计震荡整理运行，关注宏观政策和下游需求情况 [2] -铝锭预计价格短期偏弱震荡，关注宏观情绪和下游开工 [3] Summary by Related Catalogs 成材 -云贵区域短流程建筑钢材生产企业春节停产检修预计影响总产量74.1万吨，复产时间预计在正月初十一至正月十六左右 [1] -安徽省6家短流程钢厂，1家1月5日开始停产，大部分1月中旬左右停产，个别钢厂1月20日后停产，停产期间日度影响产量1.62万吨左右 [2] -2024年12月30日 - 2025年1月5日，10个重点城市新建商品房成交面积总计223.4万平方米，环比下降40.3%，同比增长43.2% [2] -成材震荡下行价格创新低，供需双弱市场情绪悲观，价格重心下移，今年冬储低迷对价格支撑不强 [2] 铝锭 -美联储官员不急于降息，国内5月CPI环比下降0.2%，同比下降0.1%，部分领域供需改善价格有积极变化 [1] -全国氧化铝周度开工率回升0.54个百分点至78.75%，下游铝加工周度开工率下降0.4个百分点至60.9% [2] -6月9日国内主流消费地电解铝锭库存47.7万吨，较上周四下降2.7万吨，较5月底下降3.4万吨，去库因供应端偏紧和消费端韧性 [2] -短期低到货量支撑库存预计维持去化趋势，关注能否刷新44万吨年内低点 [2] -海外宏观不稳定，步入淡季铝价面临压力，短期预计区间调整，库存去化支撑价格 [3]

虽表声说：我球别货有机公司是经中国近监会做难该立政的货经营机构。已具备期货交易咨询业务员招、本报告外侨及建议所获据的信息均来源于公开资料、本公司对这些信息的准确性和完整性不作任例 保证、也不保证所依据的信息和建议不会发生任例变化。我们己力求税告内容的客观、公正、但文中的观点、结论和建议仅供参考，不构成在何投资建议、我贷者获据本报告提供的信息进行期货投资质准 成的一切局景，本公司都不负责、本报告摘视仪的本公司所有，未经书面中可，在何的何个人不得以往何提武器赋、复制政策示。如引用、税、薪法出处处理策划数，且不得才本报告进行信用信息 的引用、删节和修改。数据来源:SHM和VIND。风险提示:明市有风险,投资满谨慎: 王文虎(F03087656,Z0019472),联系电话:010-82293558 | | 变量名称 | 2025-06-06 | 2025-06-05 | 2025-05-30 | 较昨日变动 | 近期走势 | | --- | --- | --- | --- | --- | --- | --- | | | 收盘价 | 20070 | 20010 | 20070 | 60.00 | | | 沪铝期货活跃 ...

培训环节，中国有色金属工业协会再生金属分会、上海有色网、安徽省铝业协会、上海期货交易所以及徽商期货相关人员分别就铸造铝合金现货市场现状、 产业发展趋势及行业政策、期货及期权合约设计、实体企业风险管理实务进行了分享和介绍。座谈环节，上期所、安徽证监局与辖区10余家涉铝企业、部分 期货经营机构代表围绕涉铝企业风险管理实际需求、运用期货期权工具面临难点痛点问题及相关意见建议进行了深度探讨与交流。 下一步，安徽证监局将紧密结合辖区实体产业需求，继续指导安徽省证券期货业协会携手各期货交易所持续推进"一期一品"创新品牌活动，强化地方优势产 业期现货市场的对接融合，通过为相关产业提供多元化服务举措与精准化培训，助力企业在复杂多变的市场环境中筑牢风险管理防线，为安徽"三地一区"建 设发展贡献积极力量。 为贯彻落实党的二十届三中全会和习总书记考察安徽重要讲话精神，做好绿色金融大文章，助力安徽地区涉铝产业链高质量发展，6月6日，安徽证监局打造 的"徽韵期识"专题品牌"一期一品"首场培训——铸造铝合金期货期权风险管理培训座谈会在安徽合肥成功举办。本次活动由上海期货交易所、安徽省委金融 办、安徽证监局主办，安徽省证券期货业协会、安徽 ...

Group 1 - Chifeng City is emerging as an important green industry hub in Northeast China, leveraging its wind and solar energy resources along with abundant mineral resources [1] - The city has a renewable energy development potential exceeding 53 million kilowatts, with an annual green electricity capacity of over 112 billion kilowatt-hours [1] - The installed capacity of renewable energy is expected to surpass 10 million kilowatts by 2024 [1] Group 2 - Inner Mongolia Dongshan Aluminum Co., Ltd. has established a green intelligent new energy electrolytic aluminum integration project in Chifeng, attracted by the region's rich green electricity resources [1] - The project aims to transform "coal-electricity-aluminum" into "green aluminum," promoting a low-carbon transition and reducing export tariff costs [1] - The first phase of the electrolytic aluminum project, with a capacity of 500,000 tons, is about to be put into production [1] Group 3 - The concentration of upstream and downstream enterprises allows for direct transportation of molten aluminum to downstream companies, eliminating the need for ingot production and secondary melting processes [2] - The green hydrogen and green ammonia industries are also key focuses for Chifeng City, with green hydrogen being viewed as a "ultimate energy" due to its zero emissions and high energy efficiency [2] - Green ammonia serves both as a high-quality fertilizer raw material and as a medium for energy storage and clean power applications [2] Group 4 - The company YQ Zero Carbon Technology (Chifeng) Co., Ltd. is utilizing natural resources to continuously produce green energy, creating a "new oil field" over an area of more than 1,500 acres [2] - The process involves generating green electricity from wind and solar, producing green hydrogen, and then capturing nitrogen from the air to produce green ammonia [2] - Mufan Energy Technology (Chifeng) Co., Ltd. has developed a zero-carbon hydrogen and ammonia gas turbine that can burn both hydrogen and ammonia, providing green power for various applications [2] Group 5 - The company has also developed a mobile hydrogen and ammonia gas turbine, referred to as a "mobile energy vehicle," which is currently in the debugging phase [3] - This dual-fuel gas turbine is designed to use green hydrogen and ammonia produced by YQ Zero Carbon Technology [3] - Chifeng City is transitioning from its historical identity associated with the Hongshan culture to building a modern industrial green development system, aiming to create a new green industrial image [3]

Core Viewpoint - Nanshan Aluminum is expanding its overseas operations by investing approximately 1.868 billion yuan in Indonesia to build a caustic soda production facility with an annual capacity of 200,000 tons and an epoxy chloropropane production facility with an annual capacity of 165,000 tons [1][2][3] Group 1: Investment and Strategic Expansion - The investment is part of the company's long-term overseas market development plan, aimed at enhancing the supply of alumina raw materials and extending the industrial chain [1][3] - The project is expected to take about 18 months to complete and will primarily serve local alumina companies, with excess production available for domestic sales [2][3] - Nanshan Aluminum's overseas revenue reached 17.757 billion yuan in 2024, a year-on-year increase of 30.80%, accounting for 53% of total revenue, up from 47% in 2023 [4] Group 2: Financial Performance - In Q1 2025, Nanshan Aluminum reported revenue of 8.981 billion yuan, a year-on-year increase of 24.32%, and a net profit attributable to shareholders of 1.704 billion yuan, up 100.19% [7][8] - The company's cash flow remains positive, with a cash balance of 27.376 billion yuan, which is over five times its debt of approximately 5.042 billion yuan [8] - The company has maintained a high dividend payout ratio, exceeding 40% for two consecutive years [5][8] Group 3: Market Position and Competitive Advantage - Nanshan Aluminum is recognized as a leading aluminum processing enterprise in China, with a complete industrial chain from power generation to aluminum recycling [6] - The company has established a strong market presence, serving major clients in various sectors, including aviation, automotive, and telecommunications [6] - The investment in Indonesia is expected to leverage local resources, reducing procurement costs and enhancing competitive advantages in Southeast Asia and Northeast Asia markets [2][4]