Beijing Blasts Shandong Government For Failures In Limiting Runaway Aluminium Capacity
Citing an ongoing failure to rein in aluminium overproduction and the associated use of coal to fire said production, the...
China Hongqiao Group
China Hongqiao Chairman Zhang Shiping Passes Away At Age 73
Chairman of China Hongqiao Group Limited and aluminium magnate Zhang Shiping passed away late last week at the age of 73. Hongqiao made the announcement on Thursday, noting that he also held the positions on the remuneration committee and the nomination committee...
Hongqiao Set To Restart Closed Aluminium Smelting Capacity With More Efficient New Capacity
A pair of sources claiming knowledge of the situation informed Reuters on Thursday that China Hongqiao Group will restart a...
Hongqiao Bottom Line Saved By Surge In Alumina Sales In 2018
Twice the volume of alumina sales in 2018’s latter half helped offset a drop in aluminium production and prices, balancing...
Events
Hongqiao To Restart 100 Thousand MTPA Of Aluminium Capacity
With this year’s winter cuts season behind them, China Hongqiao Group Limited will be slowly but surely ramping up production levels over the next several months. The world’s most prolific aluminium producer made the announcement Friday, a day removed from the end of mandatory winter production cuts season. Specifically, the firm said it would commence […]
Chinese Aluminium Smelters Announce Additional 800 Thousand TPA In Production Cuts
Recognizing the damage excess capacity continues to wreak upon the country’s aluminium market, the People’s Republic of China’s top smelters agreed on Friday to ax a minimum of 800 thousand metric tons per annum of smelting capacity in the next several months. An official from the meeting’s host, the China Nonferrous Metals Industry Association (CNIA), […]
Sources Say Chinese Aluminium Firms Meeting To Discuss Domestic Price And Demand Woes
A trio of sources claiming knowledge told Reuters yesterday that representatives from China Hongqiao Group, Aluminum Corp of China Ltd (Chalco), and other Chinese major aluminium producers will hold a meeting today to hash out the implications of falling prices and weak demand for the country’s aluminium sector. Per the unnamed sources, the China Nonferrous […]
Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March
The most prolific aluminium producer on Earth will be compelled to cut over half a million metric tons per annum of production capacity over the winter months as part of the state’s effort at fighting smog production. According to documents obtained by Reuters, the Shandong province’s city of Binzhou has ordered the closure of five […]
Hongqiao Shares Plummet To Two-Year Lows After Fees On Captive Power Plants Announced By Shandong Government
Shares of the world’s most prolific aluminium producer dove for the second straight day on Monday after its home province debuted a new fee schedule for captive power plants. China Hongqiao Group Limited watched its shares plummet by 8.5 percent yesterday, bottoming out at a two-year nadir of HK$5.30 (US$0.675). The slide followed a fall […]
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 ...
