It seems likely more closures of smelters will occur later this year. This follows the weekend’s disclosure that Beijing has ordered closures of 3 smelters in Xinjiang, for a total of 2 million tons of metal units. According to some documents we saw, there is a 4-point plan coming out to weed out any remaining […]
The AZ team had a lunch together in Shanghai last Friday. We had a chat about the current cash cost curve. Since our final cash cost report will be ready next week, we had a guess on current cash cost and who will be on the bottom of the cash cost curve. In general, we […]
China has issued an order on 3 companies in Xinjiang to stop construction of their smelters. The three projects combined would have added 2 million tons of new capacity. According to the information we have seen, East Hope (800kt), Qiya (800kt) and Jiarun (400kt) were built before approvals were in place. The document we saw […]
I will be doing our next Facebook Live broadcast in about 4 hours time. In the broadcast, I will be discussing the latest news and trends in China’s aluminum and carbon markets. There’s a lot going on, on many fronts, so a tool like FaceBook Live is a great way to discuss the issues realtime. […]
China Hongqiao, the listed company of Shandong Weiqiao, has filed a defamation suit against Emerson Analytics. It was Emerson who published the short selling report in February. The suit alleges that the Emerson report damaged the company’s reputation, and did not match the facts. The suits calls on Emerson to cease all further reporting on […]
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