aluminium capacity china

Analysts Say China-Backed Aluminium Recovery May Soon Slow

Analysts Say China-Backed Aluminium Recovery May Soon Slow

A study released this week by a China-based private analyst predicts that the recovery in the aluminium market fostered by Beijing’s attempts at supply-side reform may soon wane. The China Beige Book, which is a quarterly survey of over three thousand Chinese...

Events

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China Hongqiao Group Limited announced plans yesterday to cut two million metric tons per annum of outdated aluminium capacity.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 […]

Shandong Xinfa Axes 530,500 MT of Illegal Aluminium Capacity

According to a government-run website, Shandong Xinfa Aluminium Group shuttered over half a million metric tons per annum of aluminium smelting capacity last week. A statement on the Chiping county government’s website indicated that local government officials, Xinfa Group chairman Zhang Xuexin, and experts from Ailinte Safety Technology Consulting Company visited the site in eastern […]

USITC Report Blames China for Global Oversupply

The United States International Trade Commission released its report on the global aluminium market last week. The 610-page tome determined that major price declines and consumption growth in the worldwide market were primarily the responsibility of the People’s Republic of China. The report is the result of the United States Congress’s request in late February […]