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...
Hongqiao aluminium capacity
China Hongqiao To Continue Aluminium Capacity Relocation To Yunnan Despite Power Disruptions
An unreliable power supply will not slow down China Hongqiao’s plan to move 2 million metric tons per annum of aluminium smelting capacity to Yunnan province according to a company spokesperson. The firm has gone on record previously as intending to move...
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...
China’s Primary Aluminium Production Jumps By 7.9 Percent In September
The People’s Republic of China saw a 7.9-percent rise on the year of primary aluminium last month, reaching a total...
Events
Differing Statements By Hongqiao Regarding Damage, Closures After Typhoon Lekima Cause Concern
The world’s premier aluminium producer left the market in a state of confusion earlier this month after the firm released seemingly contradictory statements regarding the state of its facilities in the wake of Typhoon Lekima. Within hours of the passage of the Category 4-equivalent super typhoon, the Hongqiao affiliate Weiqiao Pioneering’s official social media account […]
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 […]
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 ...
