AEC Petitions U.S. Commerce Department for Relief From Chinese Aluminium Extrusions Allegedly Shipped Through Vietnam
The new year is likely not to be one of respite for controversial aluminium extruder China Zhongwang, as the Aluminum...
The identity of an anonymous short seller whose report led to turmoil for China Zhongwang Group as well as drawing regulators’ attention to the trade disparities between the United States and China is anonymous no more. In an interview with financial media...
The new year is likely not to be one of respite for controversial aluminium extruder China Zhongwang, as the Aluminum...
Controversial aluminium extruder China Zhongwang Holdings Ltd reported third-quarter results yesterday. Lower sales volumes notwithstanding, the firm posted the best...
According to sources professing knowledge of the situation, last week’s expiration of acquisition talks between Aleris International, Inc. and China...
According to sources who spoke with domestic media, Aditya Birla Group is preparing to make an offer for Hindalco’s extruded aluminium subsidiary Aleris International, Inc. The sources, who spoke to the media on condition of anonymity, say that the firm is assigning an enterprise value of US$2.5 billion to the Cleveland, Ohio subsidiary. According to […]
Zhongwang USA and Aleris Corp agreed on Friday to extend the deadline to cement the sale of the latter to the former by another two weeks. The previous deadline, which itself was the product of an extension, was Friday. “We remain in discussions with Zhongwang USA on the pending acquisition of Aleris,” explained Jason Saragian […]
The world’s second largest aluminium extrusion firm China Zhongwang Holdings Ltd announced yesterday that it now holds a controlling interest in German aluminium extrusion firm Aluminiumwerk Unna AG (ALUnna). Although no price for the purchase was given, the deal gives wholly owned German subsidiary Zhongwang Aluminium Deutschland GmbH a 99.72-percent equity interest in ALUnna. According […]
The United States Department of Commerce announced the findings of its investigation of 6xxx-series aluminium alloy pallets imported into the country from the People’s Republic of China, declaring that such pallets fall under the scope of anti-dumping and countervailing duty orders issued late last year. Although the order covers all imports, the Commerce Department’s announcement […]
Over two dozen United States legislators signed a letter calling upon U.S. Treasury Secretary Steven Mnuchin to disallow the sale of value-added aluminium firm Aleris to the People’s Republic of China’s controversial aluminium titan China Zhongwang Holdings. The letter, which was distributed to Reuters yesterday, cited national security concerns as their grounds for objecting to […]
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 ...