广元是全国高性能工业铝材知名品牌创建示范区、四川省发展铝基新材料唯一基地市。近年来，广元将 铝基新材料产业作为工业首位主导产业，加快建设"中国绿色铝都"，形成"绿色水电铝—铝精深加工— 铝资源综合利用"产业链，具备61.5万吨电解铝产能、160万吨再生铝产能，铝加工能力超220万吨，产 能规模、产品种类、技术装备走在全省前列。今年1至9月，广元铝产业实现产值344亿元。 （文章来源：新华财经） 新华财经成都11月22日电（记者袁波）2025川陕甘渝铝产业链协同发展大会20至21日在四川广元举行。 大会上，广元签约项目及协议41个，涵盖铝基新材料加工、贸易、金融服务和物流等方面，签约金额 232.3亿元。 据介绍，川陕甘渝四地联合发布了铝基新材料产业链协同发展倡议书，将在推进协同发展、强化创新驱 动、促进"智改数转"、推动绿色升级、优化供给结构、拓展市场、建好区域品牌等七个方面开展深度合 作，共同打造具有全球竞争力的铝产业区域协同发展新高地。 大会期间，全国进口再生铝原料检验监管模式优化试点在广元正式启动，打通了优质再生铝原料进口新 渠道，将助力川陕甘渝区域再生铝产业高质量发展。 ...

该项目是广元重点推进的绿色低碳产业项目，一期设计年产量为30万吨铝液。建成投用后，可提升 区域铝液供应量，有效缓解区域电解铝水供应紧张问题；省去上游企业制锭与下游企业回炉重熔环节， 显著降低全链条生产能耗。 这是广元不断壮大铝基新材料产业规模，延链补链的举措。一个具备电解铝产能61.5万吨（占全省 产能58%）、再生铝产能160万吨、铝加工能力超220万吨的产业集群，正在广元崛起。 11月19日，随着熔铸炉进场安装，广元年产50万吨绿色低碳合金铝液熔炼集配共享中心项目（一 期）建设进入最后阶段，预计1个月后投入运行。 还有更大愿景。随着全国首个进口再生铝原料检验监管模式优化试点落地广元，广元废铝（铜）分 拣加工中心即将投产。广元正冲击铝产业年产值千亿元、成为川陕甘渝"铝中心"目标。 铝业向"新" "用铝生产的电缆，可用于特高压输电。"10多天前，亨通集团有限公司总裁崔巍参加了在广元经开 区的电缆项目开工。该项目概算总投资12亿元，全部项目建成达产后，可实现年销售收入约30亿元，解 决300余人就业。 从传统铝产业向新材料产业迈进，是"广元铝"的成长路径之一。铝基新材料新在哪里？崔巍举例： 与一般金属电缆相比， ...

量发展纪实_南 方+_南方plus 从南海之滨的深 圳光明区，到右 江流域的百色田 阳区——这座壮 民族文化发祥 地、中国第一个 芒果之乡，跨越 千里的山海携 手，在过去五年 间书写了一段以 铝基新材料产业 为纽带的东西部 协作典范。 五年来，两地立 足田阳"铝土矿 资源富集、铝产 业基础扎实"的 禀赋优势，紧扣 粤桂东西部协 作"四项行动"要 求，在粤桂协作 工作队百色工作 组统筹推动与挂 职干部精准落实 下，以"大湾区 总部+广西基 地""大湾区研发 +广西制造"为核 心路径，整合 5000万元协作资 金打造深百智能 制造产业园，创 新探索"政府引 导+企业运营+集 体受益"的合作 模式。如今，这 座承载协作梦想 的产业园区已落 地4家优质企 业，累计投资约 1.9亿元，实现 工业产值8.33亿 元，纳税788万 元，带动110余 名群众就业增 收，为当地创造 工资收入约700 万元，让"资源 共享、优势互 补、合作共 赢"的蓝图在田 阳大地化为乡村 振兴的生动实 景。 山海携手五载同 心 光明田阳绘 就乡村振兴新图 景——2021- 2025年粤桂协作 推动田阳区铝基 新材料产业高质 园区筑巢破局，创新 ...

中新网成都11月11日电 (记者 岳依桐)"力争到2027年，铝基新材料产业规上企业达150家以上，产值超 1000亿元，形成100万吨电解铝、200万吨外购铝锭、250万吨再生铝规模。"广元市人民政府新闻办公室 11日于成都召开的新闻发布会上，广元市经济和信息化局党组副书记、副局长张叁淇如是介绍。 位于四川省北部的广元市是四川省唯一铝基新材料产业发展基地市，正全力打造"百企千亿"中国绿色铝 都。广元市政府副市长吴勇介绍，广元将铝基新材料产业作为首位主导产业，目前全市电解铝产能61.5 万吨、占四川省总产能的58%，再生铝产能160万吨，铝加工能力220万吨，聚集了优质铝企业100余 家，已基本形成"绿色水电铝—铝精深加工—铝资源综合利用"产业链。2024年，广元铝基新材料产业产 值达419亿元，同比增长30%，预计今年将突破500亿元。 四川广元：力争到2027年铝基新材料产业产值超1000亿元 经过30多年发展，广元铝基新材料产业规模不断提升，而广元在全国铝业中的平台作用也更加凸显。张 叁淇表示，中国西部(广元)铝锭贸易中心、广元铝期货交割库运营良好，铝原料和产品进出口通道畅 通，铝锭贸易中心贸易额突破3 ...

Group 1 - The company held its seventh board meeting on October 17, 2025, where all nine directors attended, meeting the legal requirements for a valid meeting [2][4]. - The board approved the adjustment of the fundraising project, reallocating approximately 590 million RMB to a new project for the production of 720,000 tons of aluminum-based new materials [3][22]. - The board also approved the establishment of a special account for the new fundraising project and authorized the chairman to sign the regulatory agreement [7][8]. Group 2 - The new project, named "720,000 tons aluminum-based new materials intelligent manufacturing project," is expected to start production by November 2027 and generate revenue thereafter [17][28]. - The total investment for the new project is estimated at 1.52 billion RMB, with 590 million RMB sourced from the company's fundraising efforts, while the remaining funds will be covered by the company's own or self-raised funds [29][30]. - The project aims to meet the growing demand in various sectors, including new energy vehicles, metal packaging, and transportation materials, aligning with national policies promoting high-quality aluminum materials [26][30]. Group 3 - The company has successfully completed the first phase of the original project, "Automobile and Green Energy Aluminum Industrial Park," and has begun trial production, which is expected to enhance production capacity in the automotive sector [24][30]. - The board's decision to adjust the fundraising allocation is based on a careful assessment of the project's progress and future benefits, ensuring efficient use of resources [23][26]. - The company has received the necessary investment project filing certificate from the provincial government for the new project, indicating compliance with local regulations [39].

Core Points - The company, Ming Tai Aluminum (stock code: 601677), held its seventh board meeting on October 17, 2025, where all nine participating directors were present, making the meeting valid [1] - A significant agenda item was the adjustment of the fundraising amount for the original investment project and the addition of new investment projects, particularly focusing on the "Automotive and Green Energy Aluminum Industry Park Project" [1] - The company plans to reduce the fundraising amount for the project, retaining approximately 330 million yuan for future construction, while reallocating 590 million yuan to a new project, the annual production of 720,000 tons of aluminum-based new materials by its wholly-owned subsidiary, Henan Yirui New Materials Technology Co., Ltd. [1] - This proposal has passed the board's audit committee review and will be submitted for approval at the upcoming shareholders' meeting [1] - To regulate the use and management of the raised funds, the company intends to open a dedicated account for the new investment project with compliant financial institutions and sign a supervision agreement with the lead underwriter and the bank [1] Additional Information - The company also approved a proposal to hold the third temporary shareholders' meeting on November 3, 2025, with detailed announcements published on the Shanghai Stock Exchange website [2]

Core Viewpoint - The implementation plan for cooperation and development between Anhui and Henan provinces focuses on enhancing collaboration in various high-growth industries, particularly in new energy and materials sectors [1] Group 1: New Energy and Materials Industry - The plan emphasizes the deepening of collaboration in the new energy vehicle and components industry, aiming to create a robust industrial cluster for new energy vehicles [1] - There is a strong focus on accelerating the development of high-growth new materials, including ceramic-aluminum, aluminum-based new materials, biomedical, biodegradable materials, electronic information, high-performance fibers and composites, new building materials, and superhard materials [1] - The initiative aims to establish a new materials industry cluster through these developments [1] Group 2: Renewable Energy Sector - The plan outlines the intention to deepen cooperation in the renewable energy sector, with the goal of jointly creating advanced industrial clusters in wind power, photovoltaics, new energy storage, hydrogen energy, and biomass energy [1] Group 3: Aviation and Low-altitude Economy - The provinces will leverage their flat terrain advantages to actively develop general aviation, aircraft equipment assembly, maintenance, and parts manufacturing industries, aiming to establish a low-altitude economy industrial cluster [1] Group 4: Agricultural Products Processing - There is a commitment to deepen cooperation in the processing of agricultural products, focusing on high-quality grain and oil, green fruits and vegetables, high-quality prepared dishes, and leisure foods, with the goal of creating a green food industry cluster [1]

7根肋骨骨折， 他却说"帮扶不 能停"｜东西协 作故事④_南方 +_南方plus 忠自2024年2月 赴任以来，始终 以务实担当的作 风奋战在粤桂协 作最前沿，用实 际行动助力乡村 振兴和区域协调 发展。去年年底 出差途中，高文 忠遭遇严重交通 事故，导致7根 肋骨及胸椎骨 折，由于心系帮 扶工作，高文忠 在未完全康复的 情况下毅然提前 返岗，继续奔走 基层一线。 "有高文忠这样 的干部，百色协 作事业必能做 一周至少深入三 次基层，且从不 提前打招呼—— 这是广西德保县 挂职县委常委、 副县长高文忠一 贯的工作风 格，"坐在办公 室里发现不了问 题，提前打了招 呼，更看不到真 问题。"在他看 来，干部必须要 放下架子、扑下 身子，才能服务 好人民。 作为深圳市坪山 区选派至德保的 协作干部，高文 高文忠（左二）正与村民交流。 好。"在前不久 召开的东西部协 作培训会议上， 广东省农业农村 厅党组成员、副 厅长陈东作出了 这样的评价。 干在实处 政策资金精准落 地 铝项目年产值将 达20亿元 山清水秀，民风 淳朴，但经济与 产业发展滞后 ——这是高文忠 初到德保时的第 一印象，也是当 地长期面临的客 观现实困 ...

Summary of TBEA Conference Call Company Overview - **Company**: TBEA Co., Ltd. (特变电工) - **Industry**: Power Transmission and Transformation Equipment, New Energy, Coal Industry Key Points Business Outlook - The overall business environment for TBEA is expected to improve in the second half of the year, having completed the bottoming out of performance. The company aims to enhance competitiveness through product innovation and digital transformation, targeting a recovery in annual performance [2][9] - The ultra-high voltage (UHV) projects will fully initiate bidding in the second half, with significant contract signing expected to support revenue [2][3] New Energy Sector - The price of polysilicon has recovered to above reasonable levels, significantly improving the loss situation from the first half of the year. Both spot and futures prices have risen sharply [2][3] - Despite limited capacity utilization, profitability in the polysilicon sector is expected to improve significantly [3] - The company plans to accelerate the construction of solar power stations while cautiously selecting investment areas due to potential impacts from policy changes [4] International Orders - TBEA secured a significant order worth 16.4 billion RMB from Saudi Arabia, with a minimum execution amount of 11.5 billion RMB. This order is a major breakthrough in the international market, involving UHV transmission and transformation equipment, cables, etc. [2][5][10] - The project is expected to generate additional annual revenue of 1.5 to 2 billion RMB over the next seven years, consolidating domestic market share and expanding new application scenarios [10] Coal Sales and Market Dynamics - In Xinjiang, coal sales are primarily through self-consumption and external transportation, with expected sales exceeding 20 million tons for the year. Despite a decline in national coal prices leading to reduced profitability, stability is anticipated during the winter heating period [2][6][19] - The company has a long-term competitive advantage in coal mining due to favorable conditions and low costs, with plans to increase production capacity by 2030 [19] Export Performance - The export revenue from single-unit products reached 1.1 billion USD in the first half of the year, a year-on-year increase of 66%. With the signing of the Saudi contract, growth in the second half is expected to exceed 200% [3][11] - TBEA exports to over 90 countries, with the Middle East accounting for approximately 41% and other Asian countries for 25% of total exports [12] Future Development Plans - The company plans to establish a factory in Saudi Arabia to meet local demand, while maintaining a cautious approach to overseas capacity layout [13][25] - The overall product line includes transformers, switches, GIS, and converter valves, with a target to achieve over 100 billion RMB in sales across various electrical products [23] Market Trends and Challenges - The demand for power transmission and transformation equipment is expected to remain strong globally, particularly in the Middle East, where economic development is driving electricity demand [17][29] - The company faces challenges in the European market due to strong local competitors and regulatory barriers in the U.S. [24] Conclusion - TBEA is positioned to leverage its international contracts and domestic market strength to enhance its competitive edge in the power transmission and new energy sectors, while navigating challenges in coal sales and international market dynamics [2][9][19]

1. Report Industry Investment Rating - No information provided in the content 2. Core Viewpoints of the Report - For alumina, the rising prices of alumina, domestic and imported bauxite push up production costs. The decline in domestic alumina operating capacity cannot change the loose supply - demand expectation, suggesting limited upside for alumina prices. Investors are advised to wait and watch, focusing on the support level around 2800 - 3000 and the resistance level around 3300 - 3600 [2]. - For electrolytic aluminum, the increasing expectation of the Fed's interest rate cut in September, the expected shift from the traditional domestic consumption off - season, and the low domestic electrolytic aluminum social inventory may lead to a strong upward trend in electrolytic aluminum prices. Investors are recommended to go long on the main contract with a light position on dips, paying attention to the support level around 20200 - 20400 and the resistance level around 21000 - 21500. For LME aluminum, focus on the support level around 2300 - 2500 and the resistance level around 2700 - 2800 [2]. - For aluminum alloy, the increasing expectation of the Fed's interest rate cut in September and the tight supply of scrap aluminum leading to near - loss in recycled aluminum alloy production may cause aluminum alloy prices to be cautiously strong. Investors are advised to go long on the main contract with a light position on dips or short the spread between electrolytic aluminum and aluminum alloy on rallies, focusing on the support level around 19800 - 20000 and the resistance level around 20300 - 20500 [2]. 3. Summary by Related Catalogs Market Data - **Aluminum Futures in Shanghai**: On August 26, 2025, the closing price of the active contract was 20715 yuan/ton, down 55 yuan from the previous day. The trading volume was 103054 lots, a decrease of 43106 lots, and the open interest was 251409 lots, an increase of 3066 lots. The inventory was 56274 tons, a decrease of 396 tons. The basis of Shanghai aluminum was 65 yuan/ton, an increase of 55 yuan [2]. - **Alumina Futures**: The trading volume was 421870 lots, a decrease of 33265 lots, and the inventory was 84628 tons, an increase of 1496 tons. The price difference between the near - month and the first - continuous contract of alumina was - 1, an increase of 5 [2]. - **LME Aluminum**: The closing price of the 3 - month LME aluminum futures (electronic trading) was 9837, up 40.5 from the previous day. The price difference between the 3 - 15 - month contracts of LME aluminum futures was 0, an increase of 158.98. The ratio of Shanghai - LME aluminum prices was 7.8511, a decrease of 0.021 [2]. Industry News - An aluminum production capacity green and low - carbon transformation project is expected to have a construction period of about 10 months. After completion, the company's annual electrolytic aluminum output is expected to reach about 1.4 million tons [2]. - On August 22, Anhui Weiyu Intelligent Manufacturing Co., Ltd. signed a contract with the People's Government of Shiliang Town, Tianchang City, Chuzhou City for a "200,000 - ton annual aluminum - based new material and energy storage equipment project" with a total investment of 1.5 billion yuan [2]. - Henan Siweite Welding and Repair Co., Ltd. is building a project to reconstruct an annual output of 1200 tons of aluminum wire with a total investment of 6 million yuan, currently in the publicity stage of environmental impact report approval [2]. - The energy - saving report of the Wenshan Green and Low - Carbon Casting Project of Zhongyan (Yunnan) Green Advanced Aluminum - based Materials Co., Ltd. was approved. The project covers an area of about 104 mu with an annual output of 200,000 tons of deformed aluminum and aluminum alloy cast - rolled strips [2]. - Asia - Pacific Technology's wholly - owned subsidiary, Anxinda, plans to invest 210 million yuan in a "Automobile Lightweight Aluminum Material Production Line Transformation Project". After completion, it will have an annual production capacity of 80,000 tons of aluminum alloy melting and processing [2]. Market Analysis - In the alumina market, U.S. companies are actively buying scrap aluminum due to tariff exemptions, leading to fierce competition in overseas scrap aluminum procurement. Geopolitical conflicts and illegal smuggling in Southeast Asia may cause a continuous decline in scrap aluminum exports to China until the end of 2025 or early 2026. The domestic price difference of precision aluminum is positive and decreasing month - on - month, which may lead to a decrease (increase) in China's scrap aluminum production (import) in August [2]. - In the electrolytic aluminum market, the domestic electrolytic aluminum social inventory is still at a low level, and the price trend is expected to be strong [2]. - In the aluminum alloy market, the tight supply of scrap aluminum makes the production of recycled aluminum alloy close to a loss, and the price trend is expected to be cautiously strong [2].