China

Zhongwang Seeks Legal Advice Over United States Criminal Charges Of US$1.8 Billion In Tariff Evasion

Zhongwang Seeks Legal Advice Over United States Criminal Charges Of US$1.8 Billion In Tariff Evasion

China Zhongwang responded to a United States criminal indictment against it and its controlling shareholder Liu Zhongtian on Sunday, saying that despite being served no official notice of the charges, the company has already sought out legal advice regarding the matter. In...

Events

Global Aluminium Production Falls To 5.25 Million Metric Tons In June

Global aluminium production fell in June, as the worldwide total of smelted primary aluminium last month came to 5.25 million metric tons according to numbers released by the International Aluminum Institute on Monday. Per the Institute’s numbers, June’s production was down on the month by 180 thousand metric tons on the month and 80 thousand […]

Chinalco Reports 31.8 Percent Jump In Revenue For 2019’s Opening Half

Despite growing downward pressure on the industry and evaporating profit margins, Aluminum Corporation of China (Chinalco) reported a record high in revenue for the first half of the year yesterday. According to state-run media, Chinalco recorded CNY170 billion (US$24.7 billion) in revenue for the opening six months of 2019, good for an increase of 31.8 […]

Gränges Shanghai Automotive Aluminium Production Plant Gains ASI Certification

Swedish rolled aluminium firm Gränges AB’s Shanghai production facility is the latest plant to achieve certification against the Aluminium Stewardship Initiative’s Performance Standard. The plant’s production includes aluminium strips and plates used in automotive manufacturing applications. ASI notes the certification’s symbol as an ongoing commitment to environmental, social, and governance responsibility. Gränges’s Shanghai plant boasts […]

China Sets Fourth-Quarter Aluminium Scrap Import Quota At 306,930 Metric Tons

Beijing issued scrap metal import quotas for the third quarter on Wednesday, with increases in allowed tonnage for aluminium, copper, and ferrous scrap for the period. In the third quarter, China Solid Waste and Chemicals Management will allow 436,930 metric tons of scrap metal into its ports, broken up into 306,930 metric tons of aluminium […]