Aluminium Association of Canada Lauds Move To Limit Aluminiun Transshipment
Canada’s aluminium industry is applauding Ottawa for its recent announcement that aluminium will be added to the government’s Import Control...
fake semis
Are Things Finally Looking Up For The Aluminium Market?
Base metals prices recovered sharply in the first half of September, after a seasonal slump in August, as investors and traders hope that easing trade tensions between U.S. and China might boost demand for metals in the remaining part of the year....
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the...
Zhongwang’s Liu Zhongtian Indicted By United States Government For Allegedly Evading US$2 Billion In Aluminium Tariffs
Aluminium behemoth China Zhongwang Holdings Ltd founder Liu Zhongtian has been indicted by the United States government on charges that...
Events
Plight Of India’s Downstream Aluminium Sector Overshadowed By “Selfish” Primary Producers: ASMA’s Agarwal
Responding to a news brief published by Aluminium Insider last month, Aluminium Secondary Manufacturers Association (ASMA) patron Anil Agarwal emailed a three-page response to the site’s editor-in-chief challenging primary aluminium producers’ contentions that a flood of low-cost aluminium from the People’s Republic of China is inflicting harm upon the country’s primary aluminium producers. Agarwal charged […]
Zhongwang USA and Aleris Extend Merger Deadline Despite DOJ Action Against Alleged Zhongwang Affiliate Perfectus Aluminum
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 […]
EXCLUSIVE: Evidence Points to Much Larger Fake Semi Trade Relocating to Vietnam
An article in the Wall Street Journal late last month brought to the wider public the issue of aluminium “transshipment,” or the practice of exporting semi-formed aluminium parts to a third country to be re-melted into ingots and sold as raw aluminium on the market. The article outlined the allegations that American aluminium executives leveled […]
Aluminum Shapes Under Investigation by US for Connections with Alleged Fake Semis from Zhongwang
The Wall Street Journal reported on Thursday that the United States Department of Commerce is investigating whether a New Jersey aluminium products company is harboring fake aluminium semis in a factory near Philadelphia for Liu Zhongtian and China Zhongwang. The investigation in question is a small cog in a wider investigation being conducted by the […]
CNIA, Zhongwang Rebut Fake Semis Allegations
China’s Nonferrous Metals Industry Association (CNIA) responded to widespread accusations in overseas media regarding the alleged fake semis activity in Mexico by China Zhongwang and related companies. The charges, which have lately appeared in prominent media outlets like the Wall Street Journal “seriously deviated from reality.” A tabloid published by the Chinese Communist Party described […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
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 ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
