China

China To Release Up To 900 MMT Of Primary Aluminium In Coming Months: CRU

China To Release Up To 900 MMT Of Primary Aluminium In Coming Months: CRU

An expert on the metals market in the People’s Republic of China advised its clients that the Middle Kingdom is preparing to release hundreds of thousands of metric tons of raw aluminium in an effort at depressing the market for the metal....

Events

China Hongqiao Expected To Move Another 1 MM MTPA To Yunnan Province

More aluminium capacity is moving south in the People’s Republic of China, as sources indicate that China Hongqiao Group is expected to relocate roughly 1 million metric tons per annum to Yunnan province. A pair of sources claiming knowledge of the situation told Reuters last week of the move of aluminium smelting capacity from Shandong […]

Chongqing Shunbo Plans 900 Thousand MTPA Aluminium Plant In Anhui Province

Chinese aluminium recycler Chongqing Shunbo Aluminum Co Ltd announced this week a plan to construct a new CN¥5.6 billion (US$868.45 million) plant in east-central China. Chongqing Shunbo said in a filing to the Shenzhen Stock Exchange that the plant would be located in Maanshan in the province of Anhui and ultimately boast a nameplate capacity […]

Aluminium Trade Groups Call On G7 To Combat Beijing’s Subsidies

Aluminium sector trade group Aluminum Association joined with their counterparts in Canada, Japan, and Europe to call upon the Group of Seven (G7) nations to join to level the global playing field for trade in aluminium and associated products. The aluminium trade associations’ announcement coincided with the release of Organisation for Economic Cooperation and Development’s […]

Aluminium Capacity Destination Yunnan’s Governor Under Investigation On Corruption Charges

Authorities in the People’s Republic of China are investigating the governor of a province that is quickly becoming the country’s new home for aluminium production on corruption allegations. Governor of Yunnan province Zhang Xiulan is under investigation by China’s anti-corruption department Commission for Discipline Inspection, which the commission made public via a statement released last […]

Chalco’s Net Income Falls By Over 13 Percent In 2020

State-run Aluminum Corp of China Ltd released financial results for 2020 earlier this week, posting the lowest annual profit since 2016. According to a filing by the firm, Chalco’s net income totaled CNY741 million last year, down by 13.1 percent on the year. Over CNY1.4 billion in impairment charges dropped the firm’s income to a […]