Yunnan Haoxin Aluminum Foil has established business relationship with Contemporary Ampere Technology Co., Ltd.

On August 9, Yunnan Aluminum Co., Ltd. said on the interactive platform that Yunnan Haoxin Aluminum Foil Co., Ltd. (hereinafter referred to as Yunnan Haoxin Aluminum Foil), a wholly-owned subsidiary of the company, has established a business relationship with Contemporary Ampere Technology Co., Ltd.

Yun aluminum shares told Caijing. The quantity and amount of this business involve trade secrets, which is inconvenient to disclose. At present, Yunnan aluminum industry basically cooperates with major automobile manufacturers. This business with contemporary Amperex Technology and Limited is relatively large for Yunnan Haoxin, but it is not too big from the perspective of the merger of Yunnan Aluminum Industry.

According to the data, Yunnan Haoxin Aluminum Foil is controlled by Yun Aluminum Co., Ltd. 100%, and its main business is aluminum processing. Its products have been sold to Southeast Asia, South Asia, Middle East, South America and Europe and other countries and regions. Partner Contemporary Ampere Technology Co., Ltd. is the world's largest manufacturer of new energy electric vehicle batteries.

It is reported that aluminum foil is an aluminum rolled material with a thickness of less than 0.2 mm. Battery aluminum foil refers to the current collector aluminum foil of the negative electrode of lithium battery, which is both the current collector electrode and the carrier of the negative electrode material of lithium battery. In recent years, battery aluminum foil has become the fastest growing part of aluminum foil products.

The main business of Yun Aluminum Co., Ltd. is bauxite mining, alumina production, aluminum smelting, aluminum processing and carbon production for aluminum. On the basis of building a relatively complete aluminum industrial chain, we also focus on the aluminum consumption field and develop new products including ultra-thin aluminum foil and aluminum foil for power batteries.

After years of development, Yunnan Aluminum Co., Ltd. has formed the scale advantage of integrated green aluminum industry, with an annual output of 36,000 tons of aluminum foil. The technology of producing 0.0045 mm and 0.005 mm ultra-thin aluminum foil with electrolytic aluminum liquid casting and rolling billet is in the leading position in the world.

Since the second half of last year, the market demand for battery aluminum foil has increased rapidly, and the market is in short supply. China Merchants Nonferrous Metals Co., Ltd. believes that it is expected that the domestic battery aluminum foil will maintain a tight supply pattern in 2022-2023, with a supply gap of-3.07/-20,500 tons. The tight supply is in sharp contrast with the meager average net profit of the industry, and the processing fee of the industry may continue to rise.

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