People’s Republic of China

Bauxite Imports To China Jump By 68.2 Percent In April

Bauxite Imports To China Jump By 68.2 Percent In April

Per Customs data released earlier this week, imports of bauxite to the Middle Kingdom rose significantly last month, surpassing totals for the previous month and year by double digits. Beijing reported a total of 9.77 million metric tons of bauxite ore were...

Events

China’s Daily Aluminium Production Lowest Since October

The per-day aluminium production of smelters in the People’s Republic of China fell by 3.6 percent in March, dropping to a nadir not seen since last fall. Such was the picture painted by numbers released by Reuters yesterday, which were derived from figures announced by the National Bureau of Statistics earlier in the day. Per […]

S&P Drops Chinese Aluminium Firm To CCC+ Rating After Missed Bond Payment

A missed interest payment on an offshore bond by a People’s Republic of China state-owned aluminium firm has prompted ratings agency S&P Global Ratings to put it on “negative” watch earlier this week. Qinghai Provincial Investment Group Ltd (QPIG) failed to make the US$300 million installment payment on February 22, leading S&P to downgrade it […]

Tepid Trading Picks Up On China’s Spot Aluminium Market After Spring Festival Break

Though initially struggling after the just-ended Spring Festival break, trading on the People’s Republic of China’s spot aluminium market is beginning to quicken after a substantial purchase earlier this week. Coming off one of China’s two “golden week” breaks, trading on the domestic spot market was slow on Monday, with downstream consumers still absent from […]

Bauxite Imports To China Jump By Over 24 Percent In 2018

Stricter environmental standards and greater pressure on the black market led to a significant jump in bauxite imports to the People’s Republic of China last year, shrinking domestic supply while alumina refining rose. Per customs data released earlier this week, last year saw 85.61 million metric tons of bauxite ore reach its shores, a rise […]