China aluminium industry

China Xingfa Resumes Trading After Announcing Privatization Plans

China Xingfa Resumes Trading After Announcing Privatization Plans

Shares of China Xingfa Aluminium resumed trading on Friday after remaining idle for over a week on the announcement that the state-owned enterprise would soon be de-listing from the Hong Kong Stock Exchange. Representatives from the firm filed an announcement on Thursday...

Events

Indian Smelters Gearing Up to Take On Flood of Chinese Aluminium

India’s aluminium companies are rebooting in an effort to combat the flooding of their domestic market by the government-subsidized smelters in the People’s Republic of China. Hindalco currently owns 46% of the domestic aluminium market share, but imports from China fill the second-largest slice of the market at just over a one-fifth share. China’s tremendous […]

Argentina Opens Anti-Dumping Probe Over Chinese Aluminium Alloy Wheel Imports

The government of Argentina has begun an investigation to determine whether sanctions are in order against the People’s Republic of China for dumping aluminium alloy wheels on the Argentine market. News of the probe came from an announcement on the Trade Remedy and Investigation Bureau of China’s Ministry of Commerce late on Wednesday, according to […]

Aluminium Semis Exports from China Still Down Despite MoM Increase in May

According to numbers recently released from the People’s Republic of China, aluminium semis exports rose in the month of May by 1.4% month-on-month and 2.9% year-on-year. The rise to 374,000 metric tons of exported semis is attributed to a corresponding rise in flat-rolled products by 5% month-on-month to 155,000 metric tons, and aluminium foil exports […]

Chalco Enters Into Gold-Leasing Contract with Bank of Communications

State-owned Aluminum Corp of China threw the metals market for a loop when they announced that they have entered into a US$460 million batch of gold leasing contracts. This latest announcement apparently lays bare the financial difficulties the aluminium supplier is now experiencing in the aluminium market it once helped to flood. This latest deal […]

Six Major Chinese Smelters Agree to Cut Production if Aluminium Falls Below US$1,717

According to sources with knowledge of the events, six of the People’s Republic of China’s major smelters agreed to cut production in the event that aluminium prices drop below US$1,717 per metric ton. China’s Nonferrous Metals Industry Association (CNIA) held the meeting yesterday with several of the major players in the domestic aluminium industry to […]