China

Two Chinese Firms Add Aluminium Smelting And Processing Capacity Amid Rise In Bauxite Imports

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...

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 […]