Zhongwang Seeks Legal Advice Over United States Criminal Charges Of US$1.8 Billion In Tariff Evasion
China Zhongwang responded to a United States criminal indictment against it and its controlling shareholder Liu Zhongtian on Sunday, saying...
Liu Zhongtian Zhongwang
Aluminium Extrusions Titan China Zhongwang Enters Bankruptcy Proceedings
The biggest aluminium extrusions producer in the People’s Republic of China and the second biggest in the world is now in bankruptcy proceedings, as a Chinese court has approved the application filed against China Zhongwang in September. A court in Shenyang gave...
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...
Carson Block Clears The Air With Revelation of Muddy Waters’ Authorship of Critical 2015 Anonymous Report on China Zhongwang
The identity of an anonymous short seller whose report led to turmoil for China Zhongwang Group as well as drawing...
Events
Trade Data Reveals Apparent Drop-Off of Aluminium Extrusions from China to Vietnam
China Zhongwang seems to have entered a new chapter in the continuing saga of its alleged transshipment of extruded aluminium. The story is again told via recently-released export data, but, though the characters remain the same, the plot seems to have taken a somewhat different tack. Zhongwang has spent the better part of two years explaining […]
US Government Seizes Aluminium Stockpile with Alleged Ties to Liu Zhongtian
According to a report in Saturday’s Wall Street Journal, officers from the United States Department of Homeland Security have seized a stockpile of aluminium valued at US$25 million that is alleged to have ties to China Zhongwang’s Liu Zhongtian. This move by the United States government is the latest step in the journey to an […]
WSJ Article Alleges Aluminium Stockpile is Liu’s Retirement Fund
According to an article in yesterday’s Wall Street Journal, a well-traveled aluminium stockpile allegedly connected to China Zhongwang that has made international headlines is actually the founder of the firm’s retirement fund. As explained in the article, citizens of the People’s Republic of China are forbidden from moving more than US$50,000 per year from the […]
US Commerce Department Says Zhongwang Evaded Sanctions
The International Trade Administration of the United States Department of Commerce announced last week that it believes Chinese aluminium smelter China Zhongwang Holdings has been evading United States trade sanctions. The finding is the latest in a long string of accusations of impropriety leveled at the company this year against its trade practices. The November […]
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 […]
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 ...
