Hongqiao Bottom Line Saved By Surge In Alumina Sales In 2018
Twice the volume of alumina sales in 2018’s latter half helped offset a drop in aluminium production and prices, balancing...
China
Two Chinese Firms Add Aluminium Smelting And Processing Capacity Amid Rise In Bauxite Imports
A pair of aluminium producers in the People’s Republic of China announced additions in capacity totaling 205 thousand metric tons per annum late last week. On Friday, Shanxi Chinalco Huarun revealed a plan to bump aluminium capacity by 125 thousand metric tons...
Wood Mackenzie Report Finds Section 232 Aluminium Tariffs A Boon To Chinese Exports
In stark contrast with the measure’s intended purpose of protecting United States aluminium producers from imports, the Section 232 tariffs...
China Cuts VAT To 13 Percent To Staunch Aluminium Capacity Cuts
A March 5 change in the value-added tax (VAT) assessed on the manufacturing sector by the government of the People’s...
Events
S&P Drops Chinese Aluminium Firm To CCC+ Rating After Missed Bond Payment
A missed interest payment on an offshore bond by a People’s Republic of China state-owned aluminium firm has prompted ratings agency S&P Global Ratings to put it on “negative” watch earlier this week. Qinghai Provincial Investment Group Ltd (QPIG) failed to make the US$300 million installment payment on February 22, leading S&P to downgrade it […]
Yantai Donghai Aluminium Foil Becomes China’s First Ever ASI Certified Firm
The Middle Kingdom has its first aluminium firm certified against Aluminium Stewardship Initiative (ASI) Chain of Custody Standard with yesterday’s announcement of the certification of Yantai Donghai Aluminium Foil Co., Ltd. The firm, which is a subsidiary of Shandong Nanshan Aluminium Co. Ltd, is among the top 200 companies based in the People’s Republic of […]
China’s Aluminium Exports Break Record In January
Continued tepid domestic demand coaxed out a bumper crop of aluminium exports from the People’s Republic of China last month, breaking a four-year record high in the process. According to data from China’s Customs department on Thursday, domestic smelters sent 552 thousand metric tons overseas last month, besting December’s revised total of 520 thousand metric […]
Tepid Trading Picks Up On China’s Spot Aluminium Market After Spring Festival Break
Though initially struggling after the just-ended Spring Festival break, trading on the People’s Republic of China’s spot aluminium market is beginning to quicken after a substantial purchase earlier this week. Coming off one of China’s two “golden week” breaks, trading on the domestic spot market was slow on Monday, with downstream consumers still absent from […]
Bauxite Imports To China Jump By Over 24 Percent In 2018
Stricter environmental standards and greater pressure on the black market led to a significant jump in bauxite imports to the People’s Republic of China last year, shrinking domestic supply while alumina refining rose. Per customs data released earlier this week, last year saw 85.61 million metric tons of bauxite ore reach its shores, a rise […]
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and traders hope that easing trade tensions between U.S. and China might boost demand for metals in the remaining part of the year. ...
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
