Rusal Still Committed to 2020 Hydroelectricity Targets: CEO Mukhamedshin
Russian Federation aluminium behemoth UC Rusal hasn’t wavered from its goal of converting entirely to clean energy by the end...
China aluminium supply
USITC Report Blames China for Global Oversupply
The United States International Trade Commission released its report on the global aluminium market last week. The 610-page tome determined that major price declines and consumption growth in the worldwide market were primarily the responsibility of the People’s Republic of China. The...
China’s Economic Indicators Show Government Bringing Aluminium Overcapacity Under Control
Economic indicators from the People’s Republic of China show that the government is steadily working towards reining in the problematic...
AEC Joins China Trade Task Force
North American aluminium extrusion trade group Aluminum Extruders Council has signed on with the China Trade Task Force (CTTF) and...
Events
China to Increase Aluminium Consumption by One Fifth over Next Three Years: CNIA
An aluminium industry group in the People’s Republic of China said that the country plans to increase domestic aluminium demand by eighteen percent over the next three years. Increases are expected to come from the use of high-end products in construction and transportation. The China Nonferrous Industry Association said on Tuesday that the Middle Kingdom […]
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 […]
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 […]
U.S. Treasury Secretary Lew Blasts China Regarding Aluminium Overcapacity
United States Secretary of the Treasury Jack Lew fired a verbal shot across the bow of the People’s Republic of China on Monday, taking the country to task for swamping the rest of the world with aluminium and steel in recent years. Lew was speaking at the opening of the latest round of the annual […]
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 […]
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 ...
