Floating on Air – China’s Millions that Prop Up Unprofitable Capacity
We have reported a slow but steady rebound of the global aluminium market over the past several weeks and months....
China aluminium smelters
Higher Prices Pull China’s Aluminium Production to Nine-Month Highs in April
Higher prices and the end of winter restrictions drove aluminium production in the People’s Republic of China to its highest level in nine months, reaching a country-wide total of 2.77 million metric tons of virgin aluminium in the month of April. According...
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...
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...
Events
Dragon with Clipped Wings – China’s Excess Capacity Remains Earthbound For Now
The global aluminium market has experienced a cautious rise in prices from last year’s nadir, largely thanks to smelters in the People’s Republic of China agreeing late last year to cut back capacity. Now that prices are beginning a shaky rebound, there is some thought that China’s smelters are chomping at the bit to rush […]
Global aluminium smelters’ production costs on decline
Production costs for smelters are highly dependent on the global economic environment, which affects oil prices, and the prices of other commodities, including those that create smelters’ input costs. For instance, during the global economic crisis in 2009, production costs for aluminium smelters decreased between 30 and 40% compared to the record high costs in […]
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 ...
