China

Chalco’s Net Profit Doubles Thanks to Improved Aluminium Market

Chalco’s Net Profit Doubles Thanks to Improved Aluminium Market

State-owned aluminium producer Aluminum Corporation of China Ltd. (Chalco) released its annual report for fiscal year 2016 yesterday. The year witnessed a doubling in profit for the firm due in part to a rebound in aluminium prices and a drop in production...

Events

Rusal Announces Price of Initial Panda Bonds

Russian Federation aluminium titan U.C. Rusal announced yesterday the particulars on the firm’s joint offering of Panda Bonds. According to the company’s press release, the first tranche has a total principal amount of CNY1 billion (USD145 million, RUB8.4 million), a tenor of 2+1 years, and a coupon rate of 5.5% per annum. The offering is […]

Why aluminium prices are set to increase in H2 2017

After a strong start in the first two months of the year, base metals prices have weakened recently in expectation of U.S. interest rate increase this month, which would drive up the US dollar. Speculations that China will cut aluminium and alumina production in several provinces to cope with air pollution were behind the 12% […]

Chinese Trade Officials Counsel Caution in American Aluminium Antidumping Actions

Trade officials from the People’s Republic of China urged caution in the handling of aluminium antidumping suits filed late last week by the Aluminum Association. China’s head of the trade remedy and investigation bureau at the Ministry of Commerce Wang Hejun told the China Daily that collaboration, rather than conflict, should be the two countries’ objective. […]

USITC Votes Unanimously to Keep Chinese Extruded Aluminum Antidumping Measures In Place

A day after the Aluminum Association filed its groundbreaking suit against the People’s Republic of China alleging unfair trading practices, the United States International Trade Commission delivered a determination that keeping existing antidumping measures in place is necessary to prevent aluminium extruders from China from doing the industry a material harm in the foreseeable future. […]

Aluminum Association Files First-Ever Unfair Trade Case with US Government

The Aluminum Association has taken a groundbreaking step against the People’s Republic of China’s aluminium trade practices today when it filed its first-ever unfair trade case with the United States government. The association’s Trade Enforcement Working Group filed cases with the United States Department of Commerce and the United States International Trade Commission (USITC) alleging […]