Metal Fatigue – Has China Hongqiao’s Weiqiao Model Run Its Course?
The world’s largest aluminium company finds its finances again in question after being suspended from the Hong Kong Stock Exchange....
China Hongqiao aluminium
Hongqiao Files Defamation Lawsuit Against Short Seller Emerson
Embattled Chinese aluminium firm China Hongqiao Group opened a new front in the war against short-seller Emerson Analytics this week when it began a defamation action against the firm in Hong Kong’s High Court. According to a report by Bloomberg, Hongqiao is...
Trading Suspended of China Hongqiao Shares After Report Alleges Financial Inconsistencies
The world’s largest aluminium manufacturer China Hongqiao Group called for a suspension of trading of its stock yesterday morning in...
Dangerous Smog May Jeopardize Aluminium Production Levels in China
A blanket of smog has descended upon almost two dozen major cities in the People’s Republic of China this week....
Events
China Hongqiao Enters Downstream Sector, Purchases Aluminium Alloy Firm for US$1.6 BN
China Hongqiao Group Ltd. is reported to be planning to spend US$1.6 billion on a purchase of two aluminium processing firms. The deal, which was announced yesterday, will have the controversial firm taking charge of Loften Environmental Technology Co. Ltd., giving it a foot in the door to the value-added aluminium sector. According to the […]
Hongqiao Denies Allegations of Improprieties by Anonymous Short Seller
A short seller has come forward with allegations that China Hongqiao Group is reaping significant profit margins by distributing a hefty and unsustainable debt load to companies it says are intimately related to its founder and other top company men. According to an article in Financial Times, an anonymous short seller has published a report […]
Chalco’s First-Half Results Up Thanks to Bump in Global Aluminium Prices
State-backed Aluminum Corporation of China Ltd (Chalco) published results for the first half of 2016 on Thursday. The firm posted an increase in profits thanks to a modest recovery in the global aluminium market. The firm posted a net profit of US$8.62 million in the first six months of the year, which is a significant […]
China Hongqiao Chief Claims Uptick in Demand Will Offset China’s Continuing Capacity Increases
Under increasing international pressure to make further cuts to capacity, China Hongqiao’s chief Zhang Bo defended his firm’s output, claiming that increasing demand will keep the potential of a further drop in prices in check. In an interview with Hong Kong’s South China Morning Post, Zhang said that demand, plus the Chinese industry’s “self-discipline” in […]
China Hongqiao Misses Revenue Expectations for First Half of 2016
Results for Chinese aluminium giant China Hongqiao Group Ltd were lower than expected for the first half of 2016. The firm, still the world’s largest producer of aluminium, reported earnings for the period on Friday. At the end of the first half of 2016 the firm’s aggregate designated aluminium production capacity topped out at 5.9 […]
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 ...
