China Nonferrous Metals Industry

Beijing Names 26 New Approved Importers Of Scrap Aluminium

Beijing Names 26 New Approved Importers Of Scrap Aluminium

The government of the People’s Republic of China named a second set of over two dozen overseas aluminium and copper scrap companies on Friday who will now be permitted to import the same to its shores. The China Nonferrous Metals Industry Association...

Events

China Hongqiao Planning New Aluminium Smelter In Yunnan

World-leading aluminium producer China Hongqiao Group Ltd. is reportedly in talks with officials from the Yunnan provincial government to build a new aluminium smelter in the region. “They are in the process of discussing this issue,” explained Yunnan’s vice governor Dong Hua to Reuters earlier this week. “Once they have discussed it, you will know.” […]

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 […]

China’s Aluminium Demand To Level Off At 50 MMT In 2023 – CNIA

Though consumption is expected to slow, Beijing expects the country’s aluminium demand to rise as high as 50 million metric tons in 2023. So said the China Nonferrous Metals Industry Association in a forecast released on Thursday. Per the CNIA, consumption will peak in 7 years due to the Chinese economy transitioning from a high-speed […]

Iran to Add 336 Thousand MTPA of Aluminium Smelting Capacity Next Year

A spokesman for the Iranian government told industry media last week that the country intends to add 336 thousand metric tons per annum of aluminium-smelting capacity to its country’s total next year. In an interview with S&P Global Platts that was reported on yesterday, Iranian Mines and Mining Industries Development and Renovation Organization’s (IMIDRO) Director […]

Ernst & Young Quits as Hongqiao’s Auditor

The world’s largest aluminium producer hit yet another speed bump on the road to releasing 2016’s financials after its independent auditor resigned late last week. China Hongqiao Group made the announcement on Friday in conformance with the Hong Kong Stock Exchange’s rules. According to Hongqiao, its now-former auditor Ernst & Young recommended that an independent investigation be […]