China

Ohio’s US Senators Call for WTO Action Against Chinese Aluminum Firms

Ohio’s US Senators Call for WTO Action Against Chinese Aluminum Firms

Ohio’s two United States senators issued a joint press release on Friday urging the United States Trade Representative to bring a World Trade Organization case against the People’s Republic of China over its aluminium overcapacity. The senators say that 15,000 American workers...

Events

Novelis to Provide Aluminium for Jaguar XFL

Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced this week that it will be supplying aluminium to Chery Jaguar Land Rover Automotive Co., Ltd for its new Jaguar XFL. The XFL is the first Jaguar model to be assembled in the People’s Republic of China. According to the firm, the XFL is the next […]

Chalco to Privatize Chinalco Mining Corporation

Days after a similar announcement by China Xingfa, state-owned Aluminium Corporation of China (Chalco) filed plans with the Hong Kong Stock Exchange proposing to privatize its subsidiary Chinalco Mining Corporation International (CMC). Chalco is offering HK$1.39 per share, which is roughly one third above the stock’s recent price. The firm suspended trading on September 15, […]

China Xingfa Resumes Trading After Announcing Privatization Plans

Shares of China Xingfa Aluminium resumed trading on Friday after remaining idle for over a week on the announcement that the state-owned enterprise would soon be de-listing from the Hong Kong Stock Exchange. Representatives from the firm filed an announcement on Thursday indicating that the aluminium smelter is planning to privatize. Its majority shareholder, the […]

USW Urges CFIUS to Reject Zhongwang Purchase of Aleris

United Steelworkers president Leo W. Gerard sent an open letter to U.S. Secretary of the Treasury Jack Lew on Thursday urging the Committee on Foreign Investment in the United States (CFIUS) to recommend against the purchase of Aleris Corporation by China Zhongwang. Though rumors regarding the firm’s alleged involvement in the fake aluminium semis have […]