china aluminium capacity cuts

Henan Smelter Confirms 30-Percent Cut to Aluminium and Alumina Production

Henan Smelter Confirms 30-Percent Cut to Aluminium and Alumina Production

Henan’s Luoyang Xiangjiang Wanji Aluminium announced yesterday that it has curtailed 30 percent of its aluminium and alumina capacity as a response to Beijing’s campaign to reduce smog over the winter months. According to a source from the refinery who spoke to...

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Events

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 Hongqiao Group, the document, which was obtained by Reuters and authenticated by an […]

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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 businesses and 160 banks in almost three dozen different industries, reports that commodities […]

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Global Aluminium Prices to Continue to Rise: Nalco’s Chand

Global Aluminium Prices to Continue to Rise: Nalco’s Chand

Nalco’s top official says that waning fundamentals for aluminium manufacturers in the People’s Republic of China and Beijing’s announced plans to curtail further capacity could foster a rise in the metal’s prices at the London Metal Exchange. Nalco Chairman and Managing Director (CMD) Dr. Tapan Kumar Chand addressed shareholders at the company’s annual general meeting […]

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China’s Aluminium Production Drops for Second Consecutive Month

China’s Aluminium Production Drops for Second Consecutive Month

In a sign that China’s aluminium juggernaut may finally be losing steam, numbers from the Middle Kingdom indicate that the country’s non-ferrous metals output reached a one-year nadir last month. Production of ten non-ferrous metals, namely copper, aluminum, lead, zinc, nickel, tin, antimony, mercury, magnesium, and titanium, dropped by 2.2 percent last month to a […]

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

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 […]

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