China

China Shutters 11.2 GW of Captive Coal Power at Aluminium Smelters

China Shutters 11.2 GW of Captive Coal Power at Aluminium Smelters

Aluminium smelters in the People’s Republic of China will soon be feeling a squeeze in power production thanks to significant supply-side reforms in coal-fired electrical generation that have just been announced by the Chinese government. According to a report released last week,...

Events

China Records Record High in Aluminium Production in June

Aluminium output from producers in the People’s Republic of China hit record highs last month, according to numbers released by the government. Experts believe the jump in production is the result of producers chasing rising prices resulting in the government’s reigning in of illicit smelting capacity. Numbers released by the National Statistics Bureau yesterday showed […]

Hongqiao Appoints Third Audit Firm for 2016 Financials

The next chapter in the ongoing saga surrounding China Hongqiao Group’s yet-to-be-released 2016 financials was revealed yesterday in the form of a press release announcing the engagement of the third auditing firm to be charged with the task. Hongqiao filed the announcement with the Hong Kong Stock Exchange yesterday, naming Shinewing (HK) CPA Limited as […]

Chinese Aluminium Cuts Buoy Prices at LME

Ripples from capacity cuts in the People’s Republic of China washed over the London Metal Exchange yesterday, raising prices to their highest point in over a month. At the markets’ close, benchmark aluminium ended at US$1,944 per metric ton, an 0.8 percent gain over the previous day and the highest the metal has closed since […]

Over a Quarter of China’s Aluminium Capacity May Be Illegal

Numbers recently released by the government of the People’s Republic of China indicate that over one-fourth of the country’s smelting capacity is operating in violation of environmental regulations. According to a report published on a popular Chinese news site, the of the 44.673 million metric tons per annum operated by the domestic aluminium industry, five […]