Aluminium capacity cuts

Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March

Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March

The most prolific aluminium producer on Earth will be compelled to cut over half a million metric tons per annum of production capacity over the winter months as part of the state’s effort at fighting smog production. According to documents obtained by...

Aluminium Capacity Cuts Announced in China’s Shanxi Province

The global aluminium market continues to be cautiously optimistic in the face of news from the People’s Republic of China that capacity cuts have been announced for cities outside the country’s 26+2 program. According to a notice posted Sunday on a local government website, administrators in the western Shanxi province city of Lüliang will soon […]

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China Hongqiao Group Limited announced plans yesterday to cut two million metric tons per annum of outdated aluminium capacity.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