China

China Hongqiao Chairman Zhang Shiping Passes Away At Age 73

China Hongqiao Chairman Zhang Shiping Passes Away At Age 73

Chairman of China Hongqiao Group Limited and aluminium magnate Zhang Shiping passed away late last week at the age of 73. Hongqiao made the announcement on Thursday, noting that he also held the positions on the remuneration committee and the nomination committee...

Events

China Zhongwang Posts 74.1 Percent Jump In Revenue In 2019’s Opening Quarter

Chinese industrial extruded aluminium titan China Zhongwang Holdings Limited announced results for the first quarter late last week. Stronger demand for industrial aluminium during the quarter helped boost the firm’s bottom line in Q1. In the year’s opening three months Zhongwang reported a sales volume of 262,025 metric tons, up by 101 percent on the […]

Beijing Blasts Shandong Government For Failures In Limiting Runaway Aluminium Capacity

Citing an ongoing failure to rein in aluminium overproduction and the associated use of coal to fire said production, the People’s Republic of China’s Ministry of Ecology and Environment eviscerated local officials in Shandong province for their ongoing failure to enforce environmental policies designed to battle the country’s continuing air-quality problems. Shandong is the home […]

Hongqiao Set To Restart Closed Aluminium Smelting Capacity With More Efficient New Capacity

A pair of sources claiming knowledge of the situation informed Reuters on Thursday that China Hongqiao Group will restart a portion of the illegal aluminium-smelting capacity it shuttered in 2017. Per the sources, the move will essentially consist of replacing outdated production lines with more state-of-the-art capacity. Among the planned replacement technology is a high-performance […]

China’s Daily Aluminium Production Lowest Since October

The per-day aluminium production of smelters in the People’s Republic of China fell by 3.6 percent in March, dropping to a nadir not seen since last fall. Such was the picture painted by numbers released by Reuters yesterday, which were derived from figures announced by the National Bureau of Statistics earlier in the day. Per […]