China

Beijing Raises Tariff On U.S. Imported Aluminium Scrap By 5 Percent

Beijing Raises Tariff On U.S. Imported Aluminium Scrap By 5 Percent

The stakes have risen in the escalating trade war between the governments of the United States and the People’s Republic of China, as Beijing revealed late Friday that tariffs upon aluminium scrap and copper scrap imported from American sellers will increase by...

Events

Aluminium Price Rise in East China Stymies Spot Market Trades

A sudden rise in aluminium futures prices led to sellers’ reluctance to offload cargoes, slowing spot trades in East China on Monday. According to reporting by SMM, the Shanghai Futures Exchange saw the front-month September contract rise on Monday, gaining back ground lost on Friday evening. Spot trades fell in a range between CNY14,270 and […]

Beijing Releases Third Set Of Scrap Aluminium Import Quotas For Q3

Beijing announced the third set of import scrap quotas for the quarter earlier this week, setting a limit of 11,290 metric tons of aluminium scrap to be allowed into the country’s ports during the third quarter. Altogether, China Solid Waste and Chemicals Management will limit imports of scrap metal to a shade under 100 thousand […]

Hongqiao Says Operations Are Normal After Typhoon Lekima’s Devestation Of Shandong

World leading aluminium producer China Hongqiao Group said yesterday that its facilities are operating as normal in the wake of Typhoon Lekima, apparently contradicting statements made earlier in the week. “The facilities are not damaged by the typhoon. There was flooding outside the factories but no actual facilities damage,” said Honqgiao in an email sent […]