Yesterday, Chalco officially announced that they will shut down 970kt alumina capacity to ensure the benefit maximisation, or in other words to minimise “LOSSES”. As reported before, it should include the alumina refining of Chalco Shanxi, which has annual capacity of 800kt. So how terrible is the market condition now? In my personal opinion, the […]
People are talking about Shandong cutting around 2 million tons of illegal aluminum capacity. Finally, Shandong issued the formal document regards to this topic with the title Notice on the Issuance of Special Action Plan to Rectify the Illegal electrolytic aluminum industry in Shandong. This document was issued by four major departments in Shandong: Shandong […]
Last week, with the “May Day” Labor Day ended, the market traders have returned to the market. But the holiday season did not arrive quickly enough. Aluminum prices as a whole maintained weak conditions; the Shanghai Futures Exchange aluminum main contract has not been able to break 14000 Yuan/t mark, and even tested the 13,500 yuan/t mark. […]
We issued our May pipeline report to our subscribers this Thursday. China’s total operating capacity increased to 38,239Kt in April. We all know Xinjiang took strict control on illegal capacity last month. The illegal in-construction projects have been curtailed from Xinjiang Jiarun, East Hope and Qiya. None of them cut their current operating capacity. Four smelters restarted their capacity […]
Due to the marvelous acceptance our Facebook Live’s have had, we’re pleased to announce we’ll be broadcasting twice a month now. Our broadcasts will take place on the first and third Thursday of every month. The dynamic stays the same and just as a reminder here are some pointers: Anonymity: If you wish to remain […]
China has been making a lot of its grand One Belt One Road initiative, better known as OBOR. At the highest level, it is essentially about China transferring capital into neighbouring countries and developing factories in those regions, so that those factories can supply China. Along the way, Chinese labour and Chinese technology […]
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