Hongqiao aluminium capacity

Hongqiao To Move Additional 1.93 MM MTPA Of Aluminium Smelting Capacity To Yunnan Province

Hongqiao To Move Additional 1.93 MM MTPA Of Aluminium Smelting Capacity To Yunnan Province

Yet more aluminium capacity is headed south this winter, as Chinese aluminium giant China Hongqiao Group will be relocating 1.93 million metric tons per annum to Yunnan province in the coming months. A notice published by the Yunnan government said the new...

Events

Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March

The most prolific aluminium producer on Earth will be compelled to cut over half a million metric tons per annum of production capacity over the winter months as part of the state’s effort at fighting smog production. According to documents obtained by Reuters, the Shandong province’s city of Binzhou has ordered the closure of five […]

Hongqiao Mulling Moving Shuttered Aluminium and Alumina Capacity to Indonesia

The most prolific producer of aluminium on Earth is considering relocating its shuttered capacity to overseas destinations. According to its Chief Executive Officer Zhang Bo, China Hongqiao Group Limited is testing the waters regarding the movement of closed capacity to Indonesia, where the company has existing aluminia-refining facilities. Per CEO Zhang, the move “would be […]

Hongqiao Insiders Say Cuts Totaling a Quarter Million MTPA of Aluminium-Smelting Capacity In the Works

According to sources with knowledge of the situation, China Hongqiao Group began curtailing outdated aluminium capacity on Tuesday, coinciding with an announced crackdown by the government of the People’s Republic of China on illicit aluminium smelting capacity. Although the company demurred when asked for details, sources who spoke to Bloomberg on Tuesday said that Hongqiao […]

Chalco’s First-Half Results Up Thanks to Bump in Global Aluminium Prices

State-backed Aluminum Corporation of China Ltd (Chalco) published results for the first half of 2016 on Thursday. The firm posted an increase in profits thanks to a modest recovery in the global aluminium market. The firm posted a net profit of US$8.62 million in the first six months of the year, which is a significant […]