BLACK CHINA BLOG >> Aluminium


A few days ago, Reuters and London’s Financial Times both ran stories that the smelting assets of the former CPIC (now called SPI) would be shunted into Chinalco’s fleet, thereby catapulting Chinalco to number one in the world, above Rusal and Alcoa. That story was then picked up by numerous other newspapers and blogs. The […]

By: Paul Adkins | Read More

Reuters China has today run an “exclusive” story that there are moves to combine the aluminium assets of the former China Power Investment Corporation with those of Chinalco.   As CRU commented, it would create a 6Mtpy behemoth if it goes ahead.   That’s a big if, as I will explain in a minute. Reuters’ […]

By: Paul Adkins | Read More

UC RUSAL today announced their financial results for the first half of 2015, as well as for the second quarter.   The company reported improved earnings overall, showing a pick-up in volume shipped and an improvement in its cost of production. But there was a line in their assessment of global supply and demand that […]

By: Paul Adkins | Read More

I am often asked about what is going on in China when it comes to over-production and loss-making companies continuing to operate.   We have talked about how the local governments want to support their local banks and prevent Non-Performing Loans from creating problems.   As well, it’s a well-known narrative that local governments want […]

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Century Aluminum has announced it will close its Hawesville Kentucky smelter by the end of October. The plant has a capacity of about 250,000t and its closure will reduce total USA capacity by almost 15%, according to Reuters.  That in turn will boost delivery premiums. Century blamed Chinese exports for the collapsing metal price which […]

By: Paul Adkins | Read More

This is strictly in the rumour category. According to our sources, there was a meeting held on the weekend.  Senior managers and CEO’s of some of China’s aluminium companies got together and discussed what to do about the sagging price. According to the rumour, the meeting agreed that 2.4 million tonnes of metal capacity would […]

By: Paul Adkins | Read More
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