Though Chalco’s Production Fell In Q1, Profits Rose By 46 Percent
Thanks to recently weak prices, Aluminum Corp of China Ltd. (Chalco) reported a drop in first-quarter aluminium production of 6.9...
China
ASI Certifies China’s Aluminium Foil Producer SNTO
The Aluminium Stewardship Initiative (ASI) announced on Monday the certification of China’s aluminium foil producer Suntown Technology Group Corporation Limited (SNTO) to the ASI Performance Standard. The firm, which is based in Wangcheng Economic Development Zone, Changsha, is the latest firm to...
China Zhongwang Posts 74.1 Percent Jump In Revenue In 2019’s Opening Quarter
Chinese industrial extruded aluminium titan China Zhongwang Holdings Limited announced results for the first quarter late last week. Stronger demand...
Beijing Blasts Shandong Government For Failures In Limiting Runaway Aluminium Capacity
Citing an ongoing failure to rein in aluminium overproduction and the associated use of coal to fire said production, the...
Events
Shanghai Aluminium Futures Break CNY14,000/Tonne Barrier For First Time Since Halloween
Spurred on by a drop in inventories and an expected surge in demand, aluminium futures rose at the Shanghai Futures Exchange to their highest level since the end of October on Monday. With data showing that aluminium inventories in Shanghai’s warehouses fell to a nadir of 665,067 metric tons, which was the lowest point since […]
Hongqiao Set To Restart Closed Aluminium Smelting Capacity With More Efficient New Capacity
A pair of sources claiming knowledge of the situation informed Reuters on Thursday that China Hongqiao Group will restart a portion of the illegal aluminium-smelting capacity it shuttered in 2017. Per the sources, the move will essentially consist of replacing outdated production lines with more state-of-the-art capacity. Among the planned replacement technology is a high-performance […]
China’s Daily Aluminium Production Lowest Since October
The per-day aluminium production of smelters in the People’s Republic of China fell by 3.6 percent in March, dropping to a nadir not seen since last fall. Such was the picture painted by numbers released by Reuters yesterday, which were derived from figures announced by the National Bureau of Statistics earlier in the day. Per […]
Despite Bleak Outlook, East Hope Plans Alumina Refinery in Shaanxi
A municipal government in the Northwestern Chinese province of Shaanxi gave the go-ahead to a 4.8-million-metric-ton-per-annum alumina refinery to East Hope Group despite its reputation for operating illegal and pollution-prone capacity in the recent past. Under the subsidiary of Yulin Dongneng New Materials Co., Ltd., the Fugu County Development and Reform Bureau signed off on […]
India Launches Dumping Investigation Into Imports Of Aluminium- And Zinc-Coated Steel From China, Vietnam, And S. Korea
Acting on a complaint by a domestic producer, the government of India this week launched an investigation into allegations of dumping of aluminium and zinc-coated flat products by producers from the People’s Republic of China, Vietnam, and the Republic of Korea. The investigation, which is to be undertaken by India’s Directorate General of Trade Remedies […]
Aluminium Prices in Q2: A Market Analysis
Base metals prices tumbled in the last week of April and at the start of May, with the aluminium price falling to US$ 1765/t on May 10 (cash LME, US$ 1800.5/t 3-month), the lowest since January 2017. While there is no one ...
Research and Investment Hail Changing Tides for Montenegro’s KAP
On April 25, Montenegro’s Uniprom D.O.O. (owners of Kombinat Aluminijuma Podgorica, KAP) started construction works on a €15 million aluminium ...
Aluminium Industry Riding To Higher Demand In Electric Vehicles
This is an exciting time indeed for aluminium consumption, with demand for this highly versatile metal continuing to rise to ...
Alumina Market Update: Surplus Of Alumina, Lower Prices Expected In 2019
2018 was a turbulent year for both the alumina market and the price, signified by the fact that spot price ...
