BLACK CHINA BLOG >> Aluminium


Alcoa announced their Q3 results overnight.  The company reported earnings of $109 million after allowing for special items, or $44 million without those special items. (The biggest single special item was a restructuring charge, partly assigned to Primary Metals.) According to the major media outlets, the consensus opinion was for a result of $0.13 cents […]

By: Paul Adkins | Read More

I have just returned from a private event in Dubai.   The Gulf Aluminium Council provided its members with a market update, and to do that it enlisted the speaking talents of Julian Kettle of Wood Mac, Natasha Kaneva from JP Morgan, Nick Madden from Novelis on downstream, and a speaker from LME.   I […]

By: Paul Adkins | Read More

There has been plenty written about the Alcoa split in terms of what it means for shareholders, and what it means for the future of the two companies.   Today I thought I would reflect on what the Alcoa split means from a Chinese perspective. I used the term Chinese kaleidoscope in the title because […]

By: Paul Adkins | Read More

China’s aluminium price is now closer to ¥11,500 than to ¥12,000.   As of this morning, the price was at ¥11,635. Meanwhile in London, the LME price slipped further yesterday and last time I checked was touching $1549. For China the price is now in the range of the depths plumbed during the Global Financial Crisis. Normally, […]

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Alcoa has announced it will split into 2 companies, each separately traded public companies.   Here is the press release.  More information and analysis later.   Lightweight metals leader Alcoa (NYSE:AA) is today announcing that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies, culminating Alcoa’s successful multi-year […]

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Readers of the AZ China Weekly Carbon Products Monitor will notice that in this week’s report we mention that a new smelter will be built using 600Ka technology. Chongqing Qineng has announced that they will be adding a new potline to their smelter, and this new line will run at 600Ka. That’s pretty remarkable, given […]

By: Paul Adkins | Read More
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