China Hongqiao Group Ltd.

Capacity Closures and Rising Overhead Hammer China Hongqiao’s 2017 Bottom Line

Capacity Closures and Rising Overhead Hammer China Hongqiao’s 2017 Bottom Line

The world’s premier raw aluminium producer China Hongqiao Group Limited released financial results for 2017 on Friday, revealing losses of 25.3 percent thanks to capacity closures and increased overhead costs. According to the filing made with the Hong Kong Stock Exchange, revenue...

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Events

Hongqiao Mulling Moving Shuttered Aluminium and Alumina Capacity to Indonesia

Hongqiao Mulling Moving Shuttered Aluminium and Alumina Capacity to Indonesia

The most prolific producer of aluminium on Earth is considering relocating its shuttered capacity to overseas destinations. According to its Chief Executive Officer Zhang Bo, China Hongqiao Group Limited is testing the waters regarding the movement of closed capacity to Indonesia, where the company has existing aluminia-refining facilities. Per CEO Zhang, the move “would be […]

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Hongqiao Request Injunction Against “Defamatory” Reports from Emerson

Hongqiao Request Injunction Against “Defamatory” Reports from Emerson

The world’s largest aluminium firm has gone to court in Hong Kong to enjoin a group of short sellers from publishing reports accusing it of accounting irregularities. Last Friday China Hongqiao Group approached the High Court of Hong Kong requesting an injunction against short seller Emerson Analytics to prevent it from publishing a February report, […]

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China’s Aluminium Production Drops for Second Consecutive Month

China’s Aluminium Production Drops for Second Consecutive Month

In a sign that China’s aluminium juggernaut may finally be losing steam, numbers from the Middle Kingdom indicate that the country’s non-ferrous metals output reached a one-year nadir last month. Production of ten non-ferrous metals, namely copper, aluminum, lead, zinc, nickel, tin, antimony, mercury, magnesium, and titanium, dropped by 2.2 percent last month to a […]

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BofAML Predicts Global Aluminium Deficit By Year’s End

BofAML Predicts Global Aluminium Deficit By Year’s End

A report from Bank of America Merrill Lynch (BofAML) Global Research predicts a global aluminium deficit by year’s end thanks in large part to capacity closures at smelters in the People’s Republic of China. The report indicates word of capacity closures totaling 4.3 million metric tons per annum at smelters in Inner Mongolia Autonomous Region, […]

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