China

Trump’s Argument Against Cheap Chinese Aluminium Has Merit: Glencore CEO

Trump’s Argument Against Cheap Chinese Aluminium Has Merit: Glencore CEO

The CEO of Anglo-Swiss miner and commodities firm Glencore plc told a Florida audience that United States president Donald Trump “has a point” in calling out the powers that be in Beijing over their policies regarding the production and export of aluminium...

Events

Beijing Shuttered 320,000 MT/Year in Aluminium Capacity in 2016: Information Ministry

The People’s Republic of China’s aluminium sector shed 320 thousand metric tons per year of aluminium capacity in 2016 according to an announcement on the country’s Ministry of Industry and Information Technology website that was published on Wednesday. The announcement also revealed that the Middle Kingdom also shuttered almost eleven million metric tons per annum […]

Showa Denko to Double Capacity at High-Purity Aluminium Foil Plant in China

Japanese chemicals company Showa Denko K.K. announced yesterday that it plans to increase capacity at its high-purity aluminium foil plant in the People’s Republic of China. SDK’s consolidated subsidiary Showa Denko Aluminum (Nantong) Co., Ltd. will raise production from 600 metric tons of high-purity aluminium foil to 800 metric tons in November 2017, when required […]

China Committed to Aluminium Capacity Cuts: Chalco’s Lu

Aluminum Corporation of China Limited (Chalco) told CRU’s 22nd World Aluminium Conference that the People’s Republic of China is determined to rein in aluminium production in over two dozen Chinese cities this winter. Chalco’s senior vice president Lu Dongliang told the conference that Beijing is staying the course in compelling aluminium producers in 28 of […]

Ernst & Young Quits as Hongqiao’s Auditor

The world’s largest aluminium producer hit yet another speed bump on the road to releasing 2016’s financials after its independent auditor resigned late last week. China Hongqiao Group made the announcement on Friday in conformance with the Hong Kong Stock Exchange’s rules. According to Hongqiao, its now-former auditor Ernst & Young recommended that an independent investigation be […]

More Capacity Cuts Could Be On the Horizon for China’s Aluminium Sector

Experts are expecting the other shoe to fall after suspending the construction of two million metric tons per annum in aluminium smelting capacity in China’s far west. The closure of smelters run by Xinjiang East Hope Ferrous Metals Co. Ltd., Xinjiang Qiya Energy Aluminium Electric Co. Ltd., and Xinjiang Jiarun Resources Co. Ltd. on April […]