aluminium capacity china

Hongquao’s Hometown Declares 2.5 Million MTPA in Seasonal Aluminium Capacity Cuts

Hongquao’s Hometown Declares 2.5 Million MTPA in Seasonal Aluminium Capacity Cuts

The government of the Shandong city of Binzhou recently announced the closure of around 2.5 million metric tons per annum of aluminium smelting capacity over the coming winter months. Although the city is the home base of world’s leading aluminium producer China...

Events

Aluminium’s 10% Leap at LME Likely to Continue: ICRA

Analysts at India’s independent credit rating agency ICRA Limited say the 10-percent rise in aluminium prices at the LME are a result of the increasingly divergent levels of supply and demand in the sector, arising in large part thanks to capacity cuts at smelters in the People’s Republic of China. A recently-published note on the […]

Henan Shenhuo Sheds 60 Thousand MTPA at Yongcheng

An aluminium smelter in Central China announced today that it is offloading a quantity of already-shuttered lossmaking capacity to the open market. Henan Shenhuo Coal & Power Co filed an announcement with the Shenzhen stock exchange notifying the market that it is shedding 60 thousand metric tons per annum of idled capacity. The move, done […]

BofAML Predicts Global Aluminium Deficit By Year’s End

A report from Bank of America Merrill Lynch (BofAML) Global Research predicts a global aluminium deficit by year’s end thanks in large part to capacity closures at smelters in the People’s Republic of China. The report indicates word of capacity closures totaling 4.3 million metric tons per annum at smelters in Inner Mongolia Autonomous Region, […]

China’s Aluminium Demand Rises 9.6% in First Half of 2017

Numbers just released from Beijing Antaike Information Co., Ltd (Antaike) show demand for refined aluminium in the People’s Republic of China jump by almost ten percent over the course of the first half of this year. According to the state-owned metals information service, the 9.6% year-on-year rise in demand is due to improvements in the […]

China Hongqiao Cuts Obsolete Aluminium Capacity By 2 Million MTPA

China Hongqiao Group Limited announced plans yesterday to cut two million metric tons per annum of outdated aluminium capacity. However, the world’s largest aluminium producer indicated that the planned cuts will have little effect on its overall output or bottom line. According to experts, Honqiao’s aluminium production is likely in the neighborhood of 6.5 million […]