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...
china aluminium
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...
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...
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...
Events
China’s Aluminium and Alumina Imports Declined in December
According to newly-released customs data, the People’s Republic of China imported 4,500 metric tons of primary aluminum last December, which represents a decrease of 11,700 metric tons from the month previous. Experts believe the decline in imports is partly due to the Chinese renminbi’s depreciation, and partly due to the December holidays. According to some […]
China’s Automobile Industry Fosters Rise in Aluminium Use in November
China’s automotive industry consumed about 325,000 metric tons of aluminium in the production of 2.54 million units in November of last year, according to official numbers published on cnal.com and quoted from SCI99. This marks an improvement of 16.2 per cent from October 2015 and a rise of 17.8 per cent from November of 2014. […]
EXCLUSIVE: China’s Fake Semis Boomed in November
According to numbers obtained by Aluminium Insider, the grey market in “fake semis” in the form of extrusions exported from the People’s Republic of China exploded in November, an increase of half again over the number of fake semis exported in the previous ten months of 2015. As described previously in these pages, fake semis […]
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 ...
