china aluminium capacity cuts

Chinese Aluminium Smelters Announce Additional 800 Thousand TPA In Production Cuts

Chinese Aluminium Smelters Announce Additional 800 Thousand TPA In Production Cuts

Recognizing the damage excess capacity continues to wreak upon the country’s aluminium market, the People’s Republic of China’s top smelters agreed on Friday to ax a minimum of 800 thousand metric tons per annum of smelting capacity in the next several months....

Events

China To Repeat Winter Aluminium Output Cuts In November

The People’s Republic of China’s Ministry of Industry and Information Technology said yesterday that the winter output cuts it mandated last winter would happen again this year. Saying that the action is pursuant to Beijing’s wider objectives on air quality improvement, the MIIT declared that cuts of 30 percent for the alumina and aluminium sector […]

U.S. Tariffs Notwithstanding, China’s Aluminium Exports Rose By 0.2% in April

Despite the blanket tariffs on aluminium imports imposed by the Trump administration, exports of the metal from the People’s Republic of China in April were slightly above the amount shipped in March. According to numbers lately released by China’s General Administration of Customs, 451 thousand metric tons of raw aluminium and aluminium products departed Chinese […]

Capacity Closures and Rising Overhead Hammer China Hongqiao’s 2017 Bottom Line

The world’s premier raw aluminium producer China Hongqiao Group Limited released financial results for 2017 on Friday, revealing losses of 25.3 percent thanks to capacity closures and increased overhead costs. According to the filing made with the Hong Kong Stock Exchange, revenue for the year totaled RMB93.3 billion, a 52-percent jump from last year’s total […]

China’s Aluminium Production in December Up by 15.3 Percent From Previous Month

The People’s Republic of China’s aluminium production came roaring back in December to levels not seen since early summer according to numbers released by the government on Thursday. China’s National Bureau of Statistics (NBS) revealed that the Middle Kingdom produced 2.71 million metric tons in the final month of 2017, good for a 15.3-percent rise […]

Official Numbers Show Another Drop in China’s Aluminium Production in November

According to numbers released late last week, aluminium production by smelters in the People’s Republic of China fell yet again in the year’s penultimate month from last year. The National Development and Reform Commission said on Thursday that November’s total aluminium output came to 2.35 million metric tons, which was a drop of 16.8 percent […]