China

Unplanned Outages Drop China’s Aluminium Production By 0.5 Percent In August

Unplanned Outages Drop China’s Aluminium Production By 0.5 Percent In August

Unplanned aluminum production outages at two of the country’s main smelters helped drop the People’s Republic of China’s total production by 0.5 percent on the month in August according to numbers released yesterday by the National Bureau of Statistics (NBS). Per Beijing’s...

Events

China Zhongwang Reports 38.3 Percent Jump In Revenue During 2019’s Opening Half

Chinese aluminium extruder China Zhongwang released results for the first six months of 2019 late last week. The firm’s first-half numbers rose across the board thanks to a focus upon value-added aluminium products. In the opening half of 2019 Zhongwang reported a 63.7-percent rise in sales volumes on the year, from 325,096 metric tons to […]

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 5 percent in December. A list of retaliatory tariffs published by the Ministry […]

Qinghai Provincial Misses Second Payment This Year On 2020 Dollar Bond

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 financial situation any better. According to financial media, Qinghai Provincial failed to wire […]