Since Chinalco Trump came to power, he has encountered great resistance in the implementation of internal affairs. The Immigration Act was stillborn, the health care reform bill was directly abolished by the Liberal Party in the Republican Party, and there were some contradictions in the White House team, so he was eager to use diplomacy to solve the internal affairs problems.

On the military side, Trump has been tough on Russia and North Korea in order to clear up Russia's doubts about their black box operation and to show his good will to military interests.

In addition to political and diplomatic aspects, the Special Session agreed to conduct 100-day trade negotiations to resolve the trade imbalance between the two sides.

Among them, electrolytic aluminium is an important theme. China exports more than 4 million tons of aluminium every year, and the United States imports more than 4 million tons every year. The United States'anti-dumping of aluminium against us has always been an important controversy point of China's deficit. Overcapacity of domestic electrolytic aluminium is often put on the lips as a bargaining chip.

Recently, Trump has repeatedly put pressure on China in terms of overcapacity of electrolytic aluminium, such as the recent anti-dumping by the American Aluminum Foil Association.

It can be imagined that the most likely breakthrough will be achieved in the trade of electrolytic aluminium, leading to a compromise and a breakthrough in the aluminium industry. Gold and electrolytic aluminium may be the first round of non-ferrous market brought about by the "Xi Special Conference" consensus.

Aluminum industry opportunities brought by "one belt and one road" Summit Forum

The theme of the month is Xiong an New District, and the "one belt and one way" Summit Forum will be held in May, so the biggest theme concept in May may be "one belt and one road".

Judging from the great significance of the "one belt and one way" strategy, this great logic will run through many years, but the summit forum in May will definitely push the "one belt and one road" to a new climax.

"One belt and one road" has been very low-key recently, but there is a lot of energy in preparation.

The "one belt and one way" can be used to build up the GDP of the more than 60 Central Asian countries as a whole or a whole.

In the short run, or in the next year or two, the heat of demand can be maintained, and at some levels will exceed expectations.

With the demand for commodities in the medium and long term "one belt and one road" activated, the good price has lifted the bulk price out of a new cycle.

At present, nominal GDP per capita in South Asia is US$1529, and the global share of GDP has reached 3.63%. GDP growth rate is the highest in the major economic regions of the world, reaching 7.2%.

Second is East Asia, where nominal GDP per capita is US$9,400, with GDP growth rate of 3.89% and global share of GDP of 28%.

At the same time, we consider more complex geopolitical factors. In fact, Southeast Asia is the region where we are relatively easy to make and where demand potential is relatively large once we make it. It is the region where the return-output ratio is the most reliable.

Along the way, the strategy will bring a large demand for copper and aluminum. Under this logic, companies with resource-based performance flexibility benefit.

Internal and external factors continue to be firm and optimistic about the supply and reform of electrolytic aluminium

The author believes that it is imperative to reform the supply of electrolytic aluminium from the perspective of resolving the industrial structure and pollution problems at home, alleviating trade friction with the United States, selling personal feelings to the United States in exchange for other political interests.

1) China's current global production of electrolytic aluminium accounts for 55%. Internally, 7.5% of the total electricity generated in China is consumed by the electrolytic aluminium industry. Behind this is serious thermal power pollution. It is urgent to optimize the industrial structure, transfer the total control of electrolytic aluminium to the northwest and southwest of China with strong environmental carrying capacity and strong resource support. At the same time, the construction of Xiongan New Area objectively needs to strengthen the "2+26" correlation. Control of thermal power pollution in the region.

2) To the outside world, the high proportion of our own production will be resisted by external trade protection. The anti-dumping of aluminium products against us by the United States has always been an important controversy point of the United States against China's deficit, which will also force us to reduce production capacity and promote supply-side reform.

3) The price of aluminium is rising, and the profit margin of electrolytic aluminium smelting is expected to expand. Considering the short-term oscillation of coal prices, alumina has dropped from 3200 to 2600. The cost of electrolytic aluminium is 40% electricity, and the price supported by coal is 40% alumina. These two costs are declining. The upstream of the aluminium price center brought about by the reform makes the profit margin of electrolytic aluminium too large.