China Cuts VAT To 13 Percent To Staunch Aluminium Capacity Cuts
A March 5 change in the value-added tax (VAT) assessed on the manufacturing sector by the government of the People’s...
China
Wood Mackenzie Report Finds Section 232 Aluminium Tariffs A Boon To Chinese Exports
In stark contrast with the measure’s intended purpose of protecting United States aluminium producers from imports, the Section 232 tariffs on said imports have coaxed even more aluminium exports from producers in the People’s Republic of China. Such was the conclusion of...
S&P Drops Chinese Aluminium Firm To CCC+ Rating After Missed Bond Payment
A missed interest payment on an offshore bond by a People’s Republic of China state-owned aluminium firm has prompted ratings...
Yantai Donghai Aluminium Foil Becomes China’s First Ever ASI Certified Firm
The Middle Kingdom has its first aluminium firm certified against Aluminium Stewardship Initiative (ASI) Chain of Custody Standard with yesterday’s...
Events
China’s Aluminium Exports Break Record In January
Continued tepid domestic demand coaxed out a bumper crop of aluminium exports from the People’s Republic of China last month, breaking a four-year record high in the process. According to data from China’s Customs department on Thursday, domestic smelters sent 552 thousand metric tons overseas last month, besting December’s revised total of 520 thousand metric […]
Tepid Trading Picks Up On China’s Spot Aluminium Market After Spring Festival Break
Though initially struggling after the just-ended Spring Festival break, trading on the People’s Republic of China’s spot aluminium market is beginning to quicken after a substantial purchase earlier this week. Coming off one of China’s two “golden week” breaks, trading on the domestic spot market was slow on Monday, with downstream consumers still absent from […]
Bauxite Imports To China Jump By Over 24 Percent In 2018
Stricter environmental standards and greater pressure on the black market led to a significant jump in bauxite imports to the People’s Republic of China last year, shrinking domestic supply while alumina refining rose. Per customs data released earlier this week, last year saw 85.61 million metric tons of bauxite ore reach its shores, a rise […]
“Sucking Sound” Of Loss Of Aluminium Smelting Capacity The Result Of Beijing Subsidies: Alcoa CEO Harvey
Monstrous subsidies from Beijing is contributing to the continued bloat of aluminium production in the People’s Republic of China according to Alcoa Corporation’s CEO Roy Harvey, and he’s working to muster support from government officials around the globe to help put a stop to it. Noting that state support for Chinese aluminium capacity is “on […]
Hongqiao To Restart 100 Thousand MTPA Of Aluminium Capacity
With this year’s winter cuts season behind them, China Hongqiao Group Limited will be slowly but surely ramping up production levels over the next several months. The world’s most prolific aluminium producer made the announcement Friday, a day removed from the end of mandatory winter production cuts season. Specifically, the firm said it would commence […]
Aluminium Market Update: Why Are Aluminium Prices Lagging Behind Other Base Metals?
Base metals prices have recovered significantly since January’s lows after news that the US and China are inching closer to signing a trade deal. According to reports, both sides will lower or remove tariffs upon signing a trade agreement, but it is ...
The Venezuela Blackout Spells Doom for its Aluminium Industry
After Venezuela’s energy supply failed on March 8th, the directors of the CVG together with the presidents of each company ...
Aluminium Alloys in the Automotive Industry: a Handy Guide
Looking at the flurry of announcements of new aluminium alloys developed by some of the big aluminium producers (Novelis, Constellium, ...
Interview with European Aluminium’s Maarten G. Labberton and Magdalena Garczyńska
In the run-up to European Aluminium’s 15th International Aluminium Recycling Congress, which will take place between February 26-27 in Colmar, ...
