China Shutters 11.2 GW of Captive Coal Power at Aluminium Smelters
Aluminium smelters in the People’s Republic of China will soon be feeling a squeeze in power production thanks to significant...
china aluminium capacity cuts
Shandong Government Orders 3.21 Million MTPA in Aluminium Capacity Shuttered
Another bite has been taken out of the People’s Republic of China’s aluminium capacity this week, as the government of the Shandong province mandated 3.21 million metric tons per annum of capacity shuttered, most of which is operated by China Hongqiao. According...
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...
Awaiting US Tariffs on Aluminium Imports
US tariffs for imported aluminium are looming and seem increasingly unavoidable, as China continues its record levels of production. The...
Events
Chinese Aluminium Cuts Buoy Prices at LME
Ripples from capacity cuts in the People’s Republic of China washed over the London Metal Exchange yesterday, raising prices to their highest point in over a month. At the markets’ close, benchmark aluminium ended at US$1,944 per metric ton, an 0.8 percent gain over the previous day and the highest the metal has closed since […]
Chinese Market Awaits Rise in Alumina Prices After Cuts Announced at Xinjiang East Hope
Despite the announcement of capacity cuts at Xinjiang East Hope’s smelter, spot alumina prices held steady on Monday at ¥2,620 per metric ton full cash terms. The market recorded no spot trades on the day, but traders who spoke to industry media showed a willingness to trade at spot prices between ¥2,600 and ¥2,650 cash […]
Don’t Doubt China’s Determination to End Air Pollution
The LME aluminium price fell in June to its lowest level since mid-March as the market reacted to rising supplies and exports from China, as well as to lower output costs and higher inventories. The price decline (which this author predicted in a previous market analysis) came after speculative net long positions in aluminium were […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
