Hongqiao aluminium capacity

China Hongqiao Expected To Move Another 1 MM MTPA To Yunnan Province

China Hongqiao Expected To Move Another 1 MM MTPA To Yunnan Province

More aluminium capacity is moving south in the People’s Republic of China, as sources indicate that China Hongqiao Group is expected to relocate roughly 1 million metric tons per annum to Yunnan province. A pair of sources claiming knowledge of the situation...

Events

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According to sources with knowledge of the situation, China Hongqiao Group began curtailing outdated aluminium capacity on Tuesday, coinciding with an announced crackdown by the government of the People’s Republic of China on illicit aluminium smelting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 […]

China Hongqiao Misses Revenue Expectations for First Half of 2016

Results for Chinese aluminium giant China Hongqiao Group Ltd were lower than expected for the first half of 2016. The firm, still the world’s largest producer of aluminium, reported earnings for the period on Friday. At the end of the first half of 2016 the firm’s aggregate designated aluminium production capacity topped out at 5.9 […]