China Hongqiao Group Ltd.

Trading Suspended of China Hongqiao Shares After Report Alleges Financial Inconsistencies

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 the wake of allegations by a short seller that the firm is hiding in excess of US$3 billion in costs, and that...


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 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 […]

China Hongqiao Buys Beihai Xinhe from CITIC for US$320 MM

The People’s Republic of China’s China Hongqiao Group Ltd., the world’s top aluminium producer by volume, announced that it entered into an agreement last week to purchase the entire equity interests of Binzhou Municipal Beihai Xinhe New Material Co., Ltd. for US$320 million. Beihai Xinhe’s equity interests were held by China International Trust and Investment […]

Indonesian Firm Preparing to Begin First Domestic Smelter-Grade Alumina Production

Cita Mineral Investindo (CITA) is planning to produce Indonesia’s first alumina upon the completion of the company’s refinery in Ketapang, West Kalimantan. The firm says production is expected to commence within the next several days. CITA’s new US$1.15 billion-smelter was constructed by Well Harvest Winning Alumina Refinery (WHW), a joint venture between CITA, China Hongqiao […]