China overcapacity

Chinese Aluminium: Higher Overhead And Lower Aluminium Prices Squeeze Out Capacity

Chinese Aluminium: Higher Overhead And Lower Aluminium Prices Squeeze Out Capacity

The Chinese aluminium sector is in peril, and the country’s smelters must soon take drastic and determined action in order to prevent an even steeper dive into the abyss. Such was the verdict of two industry reports released earlier in November, one...

Events

China Committed to Aluminium Capacity Cuts: Chalco’s Lu

Aluminum Corporation of China Limited (Chalco) told CRU’s 22nd World Aluminium Conference that the People’s Republic of China is determined to rein in aluminium production in over two dozen Chinese cities this winter. Chalco’s senior vice president Lu Dongliang told the conference that Beijing is staying the course in compelling aluminium producers in 28 of […]

Chinese Government Suspends 2 MMT of Aluminium Capacity in Xinjiang

Three aluminium operations in the People’s Republic of China with a combined nameplate capacity of two million metric tons now stand idle after the government determined that the firms operating them have been violating regulations put in place to limit capacity. According to a report in the state-run China Security Times on Sunday that was […]

Aluminum Association Files First-Ever Unfair Trade Case with US Government

The Aluminum Association has taken a groundbreaking step against the People’s Republic of China’s aluminium trade practices today when it filed its first-ever unfair trade case with the United States government. The association’s Trade Enforcement Working Group filed cases with the United States Department of Commerce and the United States International Trade Commission (USITC) alleging […]

Europe’s Aluminium Industry May Back EU Action Against China’s Subsidies: Gerd Götz

The head of Europe’s leading aluminium trade organization said last week that his group may support Brussels if the European Union initiates a complaint against the People’s Republic of China over aluminium subsidies at the World Trade Organization. Gerd Götz, director general of European Aluminium were prompted by the complaint filed by the United States […]

Will 2017 Be the Year Aluminium Prices Reclaim Their Shine?

Oleg Deripaska, the president of Russian aluminium titan UC Rusal, addressed the Annual Meeting of the World Economic Forum in Davos on Wednesday. “Renewables are an excuse for some countries to use more coal”, he said, before arguing that “We need to implement a carbon price, let’s say tomorrow and maybe even escalate it a […]