Chinalco And China Hongqiao Call For Cleaner Aluminium Production
Aluminum Corp of China and China Hongqiao Group issued a joint proposal last week describing their industry’s contribution to national...
Xi Jinping
China Completes Another Auction Of Primary Aluminium Reserves
The People’s Republic of China recently completed an auction of state-owned reserves of aluminium and other metals. The auction marks the third sell-off this year as Beijing attempts to rein in high prices for the metals. On Wednesday bidders had an opportunity...
U.S.-China Trade Tensions Sink Aluminium Prices To 14-Month Nadir
Aluminium prices sunk to a new low on the year earlier this week due to market concerns that increased tensions...
Ghana To Make Up Shortfall In US$2 Billion Bauxite Deal With China
New details have emerged in the US$2 billion deal between Ghana and China’s Sinohydro Corp., including a provision that will...
Events
Insiders Say Trump Likely to Lay Ten-Percent Tariff on All Aluminium Imports
According to unnamed confidants who spoke to the media last week, United States president Donald Trump is planning to levy tariffs upon aluminium and steel imports that are harsher than recommendations given by the Commerce Department last month. Three White House insiders told Bloomberg late last week that Trump is leaning toward saddling steel imports […]
Trump Administration National Security Plan to Promote Tariffs on Aluminium
A senior official in the administration of United States president Donald Trump told Reuters on Tuesday that the Trump government is preparing to introduce a new national security strategy that may include import tariffs on aluminium. The official, who was not named in Reuters’ reporting, referred to a strategy document released on Monday. The document […]
Aluminium Capacity Cuts Announced in China’s Shanxi Province
The global aluminium market continues to be cautiously optimistic in the face of news from the People’s Republic of China that capacity cuts have been announced for cities outside the country’s 26+2 program. According to a notice posted Sunday on a local government website, administrators in the western Shanxi province city of Lüliang will soon […]
China Weighing Aluminium Production Cuts in Wake of Trade Summit with Trump: Industry Sources
According to domestic industry sources, the government of the People’s Republic of China is pondering a clampdown on major polluters in its aluminium industry. The talk of environmental crackdowns in the aluminium industry arose after China’s premier Xi Jinping and United States’ president Donald Trump met at the latter’s Palm Beach, Florida residence to discuss […]
World Leaders Have Harsh Words for China’s Overcapacity at G20 Summit
The 2016 G20 Hangzhou summit concluded yesterday, and the continually problematic overcapacity in China’s metals industry attracted the attention of the assembled world leaders. Along with the global focus on steel, the continuing glut in China’s aluminium production came into the crosshairs as well. The relevant portion of the official communique, published late last night […]
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 ...
