China

China Hongqiao To Continue Aluminium Capacity Relocation To Yunnan Despite Power Disruptions

China Hongqiao To Continue Aluminium Capacity Relocation To Yunnan Despite Power Disruptions

An unreliable power supply will not slow down China Hongqiao’s plan to move 2 million metric tons per annum of aluminium smelting capacity to Yunnan province according to a company spokesperson. The firm has gone on record previously as intending to move...

Events

Aluminium Falls To 16-Month Low Due To Weak Expected Demand From China

The price of aluminium dropped to an almost two-year low last week on word of an expected drop in demand due to weak factory production in the People’s Republic of China. Prices at the London Metal Exchange (LME) fell to US$2,300 per metric ton on Thursday, the lowest the value has been for 16 months. […]

Power Woes Across China Predicted To Push Short-Term Aluminium Demand

An industry analyst last week noted the continuing power shortage in the People’s Republic of China and forecast that the situation is likely to bump demand for both aluminium and copper in the coming months. According to a report released by ANZ, upgrades to the country’s power grid have been in the works, but rampant […]

China’s Imports Of Aluminium Fell By Over One-Third In July

A sharp uptick in domestic aluminium production coupled with a drop in overseas supplies squeezed aluminium imports into the People’s Republic of China, dropping the flow of foreign aluminium by over one-third in July. According to newly-released numbers from the General Administration of Customs, imports of aluminium into the Middle Kingdom fell by 38.3 percent […]

Aluminium Corporation Of China Voluntarily Delists From NYSE In Accounting Row

The world’s second-largest producer of alumina is one of several state-owned companies from the People’s Republic of China that has voluntarily delisted from the New York Stock Exchange due to a disagreement over auditing standards. Aluminium Corporation of China (Chalco) said last week that it would apply for delisting its American Depository Shares by month’s […]

China’s Aluminium Smelters Continue High Production While Domestic Prices Fall

Data from the People’s Republic of China shows that the country’s output of aluminium is poised to continue at a high level despite the continuing decline in prices of the commodity. According to state-run metals research organization Antaike, the Middle Kingdom’s aluminium producers will finish the third quarter with production of 10.42 million metric tons, […]