People’s Republic of China

Chinalco Reports 31.8 Percent Jump In Revenue For 2019’s Opening Half

Chinalco Reports 31.8 Percent Jump In Revenue For 2019’s Opening Half

Despite growing downward pressure on the industry and evaporating profit margins, Aluminum Corporation of China (Chinalco) reported a record high in revenue for the first half of the year yesterday. According to state-run media, Chinalco recorded CNY170 billion (US$24.7 billion) in revenue...

Events

China’s Bauxite Ore Imports Rose By 33.18 Percent On The Year In May

Though down slightly from the prior month, May saw imports of bauxite ore into the People’s Republic of China spike by double digits on the year last month. Such was the story told by numbers released by Customs officials in Beijing earlier this week. Per Customs, imports of the aluminium precursor last month totaled 9.71 […]

China Releases Strict Aluminium Scrap Import Quotas For Third Quarter

The government of the People’s Republic of China issued the first round of aluminium scrap import quotas earlier this week. The quotas, which are set to go into effect on July 1, will see a drop in aluminium scrap shipped into Chinese ports of almost 85 percent. As of July 1, aluminium scrap imported into […]

Baosteel To Build Aluminium Test Project In Henan Province

China’s Henan province will be the home of an aluminium test project operated by Baoshan Iron and Steel Co Ltd (Baosteel) later next year according to the local authorities at the planned plant’s location. The Sanmenxia City Urban and Rural Integration Demonstration Zone said in a press release that the initial phase of the project […]

Smelter Restarts Push China’s May Aluminium Production Up By 2.1 Percent

Aluminium smelter restarts and a recovery in prices helped drive up China’s output last month, pushing production up by 2.4 percent on the year. Such was the story told by numbers released by the National Bureau of Statistics (NBS) on Friday. May saw 2.98 million metric tons of aluminium roll out of Chinese smelters, up […]

Sources Say China’s Ban On Imported Scrap Aluminium Likely To Gut Alloy Exports

A restriction upon imported aluminium scrap that is scheduled to go into effect next month is expected to raise production costs for secondary aluminium smelters in the People’s Republic of China, which experts say may close the price gap between Chinese aluminium alloy exports and their less competitive rivals abroad. As of July 1, Beijing […]