China’s state-owned aluminium producer Qinghai Provincial Investment Group Co. failed to make a scheduled coupon payment on a dollar bond this week, and analysts say the missed payment may be a sign that the firm’s recent debt restructuring has not made its...
The Aluminium Stewardship Initiative (ASI) announced the certification of Xiamen Xiashun Aluminium Foil Co., Ltd. against the ASI Chain of...
Australian industrial minerals firm Andromeda Metals Limited said Monday that it has entered into an agreement for Direct Shipping Ore...
An aluminium smelter owned by Xinfa Group in the Xinjiang Uygur Autonomous Region was shut down this week after an...
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 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 […]
Aluminium smelters in the People’s Republic of China combined to produce 2.98 million metric tons of primary aluminium, representing the second-highest total tonnage reported by Beijing since the state began keeping records. July’s total surpassed that of June by 0.2 percent. Though the month’s total is a near-record high, the National Bureau of Statistics said […]
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 […]
World-leading aluminium producer China Hongqiao Group Limited reported damage to its facilities in Shandong due to major flooding caused by Typhoon Lekima this weekend. According to official social media posts, the Hongqiao affiliate Weiqiao Pioneering’s aluminium plant suffered damage when a wall on the east side of the plant was “immediately overwhelmed” by flood waters […]
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
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