China’s Henan Province Ousts Neighboring Shandong Province As Aluminium Leader
Data released yesterday by the People’s Republic of China’s National Bureau of Statistics (NBS) shows that, for the first time...
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...
Data released yesterday by the People’s Republic of China’s National Bureau of Statistics (NBS) shows that, for the first time...
Hongqiao, the world’s largest aluminium producer announced on Tuesday a push to raise HK$6.24 billion (US$800 million) via the sale...
Independent investment research firm S&P Global Ratings announced on Wednesday that it has taken China Hongqiao Group off of credit...
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, […]
Seven months after requesting it be suspended from trading on the Hong Kong Stock Exchange, stocks of China Hongqiao Group Ltd. returned to the market on Monday. However, its return was not without controversy, as Chairman Zhang Shiping purchased over 18 million shares the day after trading began. According to reporting by Bloomberg News, Zhang […]
The government of the Shandong city of Binzhou recently announced the closure of around 2.5 million metric tons per annum of aluminium smelting capacity over the coming winter months. Although the city is the home base of world’s leading aluminium producer China Hongqiao Group, the document, which was obtained by Reuters and authenticated by an […]
The world’s biggest aluminium company is soon to receive a US$1.02 billion shot in the arm from the People’s Republic of China’s state-owned investment company. According to an article in the South China Morning Post, China Hongqiao Group has agreed to sell 806.6 million new shares and issue US$320 million in convertible bonds to CITIC […]
China Hongqiao Group Limited announced plans yesterday to cut two million metric tons per annum of outdated aluminium capacity. However, the world’s largest aluminium producer indicated that the planned cuts will have little effect on its overall output or bottom line. According to experts, Honqiao’s aluminium production is likely in the neighborhood of 6.5 million […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...