The growth rate of new energy demand has slowed down in the short to medium term, but due to the expectations of new power systems, it remains optimistic in the medium and long term; the installed capacity and component production rate of domestic new energy, especially in the photovoltaic field, has exceeded the grid's consumption capacity and energy storage construction Progress, downstream restrictions will have a negative impact on the installation progress.
The pace of new energy development may temporarily slow down in the fourth quarter of 2023 and 2024, but we remain optimistic in the mid- to long-term, based on the long-term stable development of carbon neutrality and the historic changes in the power system’s need to adapt to new energy installations.
The overall scrap aluminum is in a tight state; currently, aluminum foil processing enterprises feel that scrap aluminum is significantly tighter than in previous years, and prices remain high. Nowadays, more and more companies use scrap materials, procurement competition is fierce, and the discount factor remains high. In particular, large processing companies also have tax advantages, making it more difficult for small businesses to survive. "
