TaiYao:Cobalt Black/Pr-Zircon Yellow/High-Grade Body Black
Mr. Zhang: 18022279888
TaoZun:Calcined Aluminum Oxide/Ultra-White Aluminum
Mr. Huang: 13929922409
JinLvCheng:Sichuan Nepheline/High-Whiteness Nepheline
Mr. Gong: 13929927966
Aluminum prices fluctuate at a high level, while there are hidden concerns about the surge in cobalt prices.
Qin Wei
（The author is a senior technical expert in ceramic colors and glazes.）
Recently, the industrial-grade alumina market has witnessed violent fluctuations. Its price plummeted rapidly from the high of RMB 5,540 per ton at the beginning of the year to a low of RMB 2,663 per ton, and then fluctuated continuously in the range of RMB 2,700-3,600 per ton in the middle of the year. In the third quarter, the supply-demand pattern of the global industrial-grade alumina market reversed, shifting from a slight shortage in the first half of the year to an overall surplus. The annual surplus is expected to reach 3.6 million tons (including 2 million tons in China and 1.6 million tons overseas). On the raw material side, although Guinean bauxite was affected by the rainy season, its shipment volume still remained at a high level year-on-year, with port inventories staying persistently high, indicating a clear annual supply surplus trend. It is worth noting that more than 8 million tons of new industrial-grade alumina production capacity will be put into operation and stockpiled intensively from the end of this year to the first half of next year. This may drive the phased destocking of bauxite inventories, but it will be difficult to reverse the overall loose pattern of the bauxite sector.
Cobalt prices have risen sharply in the short term, driven by strong market expectations of supply shortages triggered by the export quota system in the Democratic Republic of the Congo (DRC). The country has set a cobalt export ceiling of 18,000 tons for 2025 and 96,600 tons per year for 2026-2027. Coupled with the slow release of new production capacity in Indonesia and Australia, expectations of a supply gap are continuing to build over the next three years. However, caution is needed regarding three key factors: the promotion of cobalt recycling technologies, the substitution effect on demand brought by the commercialization of new-type batteries, and the risk of market overheating that may be caused by the high price of RMB 350,000 per ton.
Overall, without supply disruptions, the industrial-grade alumina market may continue to bottom out in the short term. While oversupply suppresses prices, the futures price has approached the cash cost line, and the delivery buying window has opened. In contrast, cobalt prices face both upward momentum and downward correction pressure. Investors need to closely monitor the progress of downstream consumption verification and the development of alternative technologies, and remain alert to the risk of market correction after cobalt prices surge to high levels.
(Original article. Reproduction without authorization is prohibited.)
Qin Wei:Amidst the unprecedented changes unseen in a century, challenges and opportunities coexist. At the national level, efforts are being made to proactively address the pressures from the restructuring of the global industrial chain and low-carbon transition. As a traditional manufacturing sector, the ceramic industry must also reposition itself in this major transformation. Withdrawing from the production of low-end black pigments is not only a response to policies, but also an inevitable outcome of market laws. Only by abandoning the dependence on old development paths and advancing technological and management innovations can ceramic enterprises secure a new future in this industry reshuffle.
(Qin Wei – General Manager of Foshan Dassault Ceramic Technology Co., Ltd.)
Source: China Ceramic Glaze
Lin Xiaofa:A new ecosystem for an intelligent society is taking shape, giving rise to new business models, new formats, and new development tracks. These include digital humans, robots, silicon-based humans, and human-machine scenarios. Once again, the sanitary ware industry has entered a critical period of transformation and upgrading. What we need to do is always be guided by the spirit of Fujian merchants – "willing to sleep on the floor to seize market opportunities". We should integrate individual striving into the national rejuvenation drive and enterprise development into the national strategy. Amid the new wave of high-quality development, we will refine and perfect every task, and continuously open up a "full link" that empowers manufacturing and product R&D through technological innovation, thus vividly demonstrating the practical strength of the "Jinjiang Experience" in the new era.
(Lin Xiaofa – Chairman of Jomoo Group)
Sources: People's Political Consultative Conference Daily, Fujian Provincial Committee of the Chinese People's Political Consultative Conference
Li Jiaduo:Most people act with purpose and admire strength. The quality of your connections largely depends on whether you have qualities worthy of admiration. If you once helped someone when they were down and embarrassed, that person—now that they have achieved success—will not be willing to spend time meeting someone who has seen their former awkward state. When facing major issues, you must turn to those who have helped you. As long as you remain grateful and do not forget the kindness you received, those who have helped you will continue to do so. However, whether those you have helped will reciprocate depends entirely on human nature.
(Li Jiaduo – Deputy Secretary-General of Foshan Ceramic Society)
Source: WeChat
6 Ceramic Enterprises Listed in Guangdong Top 100 Private Enterprises in Manufacturing; Keda Ranks Among Guangdong Top 100 Private Enterprises
On September 29, the All-China Federation of Industry and Commerce of Guangdong Province released the series of lists for the "2025 Guangdong Top 100 Private Enterprises". Among them, 6 ceramic enterprises in the ceramic industry were listed in the "2025 Guangdong Top 100 Private Enterprises in Manufacturing" list, namely Keda Manufacturing, Dowstone Technology, Marco Polo, ARROW Home Group, Dongpeng Holdings, and New Pearl Group.
With a total revenue of over 12.6 billion yuan, Keda Manufacturing was also listed in the "2025 Guangdong Top 100 Private Enterprises" list, ranking 98th. It is the only enterprise in the ceramic industry that made it to this list.
Source: All-China Federation of Industry and Commerce of Guangdong Province
Huipeng Ceramics Obtains Patent Authorization for Self-Snap Matte Composite Glazed Tiles
Yunfu Huipeng Ceramics Co., Ltd. has obtained a patent titled "A Type of Self-Snap Matte Composite Glazed Tile", with the authorization announcement number CN 223386896 U. The application date of this patent is November 2024, and the authorization announcement date is September 26.
This utility model enables the connection between the main bodies of glazed tiles through inserts and insertion holes without affecting the existing aesthetics. At the same time, when the tiles are pasted on the ground or wall, it can enhance the connection effect between the main bodies of the glazed tiles and the installation surface, thereby reducing the problem of falling off.
Source: Market Information
GigaCloud’s Valuation Doubles in 5 Months, with Market Cap Stabilizing at $1 Billion
On October 6, GigaCloud, whose market capitalization in the U.S. stock market has stabilized at $1 billion, saw its valuation double over the past 5 months. Headquartered in Suzhou, this global home furnishing B2B trading platform was founded and led by Wu Lei, the former head of New Oriental’s online business.
As of June this year, GigaCloud’s GMV (Gross Merchandise Volume) in the trailing 12 months exceeded $1.4 billion (approximately RMB 10 billion), with revenue reaching around RMB 8 billion and net profit hitting $126 million. Despite the impact of tariff policies, the number of its active sellers increased by 25% year-on-year, and its global footprint continued to expand. By the end of June, the company held $300 million in liquid capital with zero debt, and recently announced a $111 million stock repurchase program over the next three years.
Wu Lei stated that the company will continue to respond to trade uncertainties through the global layout of warehouses and supply chain optimization.
Source: Home Furnishing News
【MOFCOM Announcement: Implementing Export Controls on Rare Earth-Related Technologies】
In accordance with Announcement No. 62 of 2025 issued by the Ministry of Commerce of the People's Republic of China (MOFCOM), and with the approval of the State Council, it is decided to implement export controls on rare earth-related technologies for the purpose of safeguarding national security and interests.The following shall not be exported without permission: rare earth-related technologies including those for rare earth mining, smelting and separation, metal smelting, magnetic material manufacturing, and recycling and utilization of rare earth secondary resources, as well as their carriers (Control Code: 1E902.a); and technologies for the assembly, commissioning, maintenance, repair, and upgrading of the above-mentioned related production lines (Control Code: 1E902.b).In addition, for goods, technologies, or services not included in the controlled list, if the export operator knows that they will be used for or materially contribute to rare earth-related activities overseas, the operator must also apply to MOFCOM for a dual-use item export license before export in accordance with relevant legal provisions. Such goods, technologies, or services shall not be provided without permission.
Source: Shanghai Nonferrous Metals Network
【Nickel News Flash】
Antam (PT Aneka Tambang Tbk) has injected 2.63 trillion Indonesian rupiah (approximately USD 159.6 million) into its affiliated company PT Feni Haltim (FHT) to fund the construction of a Rotary Kiln Electric Furnace (RKEF) plant and an industrial park in Buli, North Maluku.This capital injection was completed on September 30, and recorded in the filing for amendments to the company’s articles of association. Antam will maintain a 40% equity stake in FHT, while the remaining 60% is held by Hong Kong-based CBL Ltd.Management stated that the project is part of the government’s strategy to promote the development of the nickel downstream industry, and the RKEF plant and industrial park are expected to contribute to the company’s profitability after they are put into operation. Following the completion of the capital injection, FHT’s paid-in capital has increased to 7.81 trillion Indonesian rupiah.
Source: Shanghai Nonferrous Metals Network
【The primary aluminum production in the United States reached 332,000 tons in the first half of the year.】
According to the data from the United States Geological Survey,the primary aluminum production in the United States was 54,000 tons in June. From January to June, the cumulative primary aluminum production in the United States was 332,000 tons, compared with 339,000 tons in the same period last year. In June, the United States recycled 305,000 tons of aluminum from scrap, compared with 295,000 tons in June 2024. From January to June, the total amount of aluminum recycled from scrap in the United States was 1.8 million tons, an increase of 2.3% compared with 1.76 million tons in the same period last year.
Source: Shanghai Nonferrous Metals Network
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