Category Archives: Aluminium

NFC puts its hand up

Qin Junman

We reported a couple of weeks ago (see the post here) that a consortium of local governments in Iceland were combining to promote the concept of a new smelter in the north west of the country. Now NFC has put its hand up to be involved in the project. China Nonferrous Metal Industry’s Foreign Engineering Continue Reading

Pick a number

Malaysia-Map

The Global Bauxite conference in Kuala Lumpur has just finished, and one thing is clear – you can pick a number as to how much bauxite is likely to come out of Malaysia in the next few years. On Monday, we heard from a geologist with the Malaysian government that the total reserves in Malaysia Continue Reading

Re-entering the danger zone

SHFE

China’s aluminium prices have  slipped back into the danger zone.  Shanghai 3-month prices closed at ¥12,625 today, while Changjiang closed at ¥12,510, down by 120 from yesterday. China’s metal prices continue to be dogged by too much supply and not enough demand.   Government efforts at stimulating the economy are failing to deliver any sort of meaningful Continue Reading

Shell game

Shell game

China’s “fake semis” exporters are nothing if not creative.  Today I learned that the latest trick is a variation of the old Shell Game.   It’s a simple game, designed to get past those countries that think they can slap extra tariffs on imports of Chinese metal. You think the Chinese fake semis are here, Continue Reading

Chalco in the frame

CCDI

China’s anti-corruption watchdog, the CCDI, has named Chalco as one of 26 companies it intends to investigate in its next phase. The announcement appeared on the Central Commission for Discipline Inspection’s website this morning. Other companies named include companies as diverse as China Eastern Airlines and Anshan Iron & Steel. Some government departments were named Continue Reading

15% cut on rail fare in Xinjiang including aluminium

Xinjiang

Urumqi Railway Bureau has announced a 15% cut on rail fares for several products including PVC, aluminium and cotton, effective from June 12th. Products including coal, mineral ores, steel, etc. also receive concessions, including cuts to fares within Xinjiang province.  The cuts to rail charges for aluminium apply to transport outside the province.  Urumqi Railway Bureau Continue Reading

For Sale: One aluminium smelter

Mostar

This particular “For Sale” sign is not in front of one of the Pacific Aluminium smelters.  Nor is it in front of the Noranda smelter in New Madrid, Missouri, despite today’s headlines. The Aluminij Mostar smelter in Bosnia is up for sale.   Or at least the 44% that the government of Bosnia owns is up for sale. The Continue Reading

Stagnant energy

Power_Plant_(Tianjin,_China)

Total energy consumption in China grew by just 2% YoY in May, coming in at 458 billion KWH.  Total production was flat YoY.  According to the latest data, industrial energy consumption dropped by 1%. Energy consumption has previously been touted as a good quasi indicator of economic growth, with China’s Premier Li Keqiang saying it was one Continue Reading

RTA’s leapfrog

Aerial of the completed Alma Smelter. NOTE-the photographer has the original 35mm negative. Poster size scan on file with the Photo Database.

Late update: I have been told that the $12 million is to cover the cost of installing a total of 5 pots, with one pot already installed. Thanks to the King of Victoria for this information.   Canadian newspapers are carrying a story today that Rio Tinto Alcan (RTA) has launched a program to increase amperage Continue Reading

Bears running wild

al

China’s aluminium price fell to new historical lows last week. Just as we predicted in last week’s Weekly Aluminium Alert, the Shanghai price slipped throughout the week, finally recovering slightly to  close at ¥12755 on Friday, The new support lines appear to be at ¥12,500 and ¥12,000, though this is getting into uncharted territory.  The bears are dominating the Continue Reading

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