The next chapter in the ongoing saga surrounding China Hongqiao Group’s yet-to-be-released 2016 financials was revealed yesterday in the form of a press release announcing the engagement of the third auditing firm to be charged with the task. Hongqiao filed the announcement...
According to sources with knowledge of the situation, China Hongqiao Group began curtailing outdated aluminium capacity on Tuesday, coinciding with...
China Hongqiao Group announced yesterday the receipt of a letter detailing the conditions under which it may be allowed to...
The world’s largest aluminium producer hit yet another speed bump on the road to releasing 2016’s financials after its independent...
Experts are expecting the other shoe to fall after suspending the construction of two million metric tons per annum in aluminium smelting capacity in China’s far west. The closure of smelters run by Xinjiang East Hope Ferrous Metals Co. Ltd., Xinjiang Qiya Energy Aluminium Electric Co. Ltd., and Xinjiang Jiarun Resources Co. Ltd. on April […]
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 pursuing an order from the court enjoining Emerson from publishing another report on […]
The world’s largest aluminium company sought help from Chinese authorities in negotiating with its auditor after allegations from a short seller threatened to destabilize the company. So says two letters from early March that were released by a Chinese website last week. The letters, one of which was an attachment to the other, were sent […]
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 the company’s profitability is less than half of the amount publicly stated. Hongqiao […]
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 […]
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 ...
