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Topic

aluminium production

China aluminium output up

China aluminium output up

Published 17 Jul, 2022 05:19am
BEIJING: China’s primary aluminium production rose 3.2% to 3.39 million tonnes in June from a year earlier,...
Shanghai aluminium up on supply woes

Shanghai aluminium up on supply woes

Published 31 Jul, 2021 04:05am
SHANGHAI: Shanghai aluminium prices rose on Friday, hovering near a 11-year high, on supply worries in China amid a...
China's Tsingshan to ramp up aluminium production in Indonesia in 2023

China's Tsingshan to ramp up aluminium production in Indonesia in 2023

Published 08 Jun, 2021 05:28pm
  • Tsingshan made a name for itself in the global nickel market by investing heavily in Indonesia, which banned nickel ore exports from 2020.
  • Tsingshan would ramp up capacity to 500,000 tonnes per year in 2023, without providing a time for the start of production.
Copper retreats on fears over Chinese price crackdown

Copper retreats on fears over Chinese price crackdown

Published 21 May, 2021 08:20pm
  • Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
  • Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.
Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

Published 14 Apr, 2021 08:41pm
  • The new cells will have the same total annual production capacity - of 1.4 million tonnes of aluminium. These four smelters in total produced 2.7 million tonnes of aluminium in 2020, or 71% of the company's output.
  • The 10-year project will start this year, and investments, which the Hong Kong-listed Rusal is yet to disclose, will peak in 2022-2027.
China Jan-Feb aluminium output rises

China Jan-Feb aluminium output rises

Published 16 Mar, 2021 04:43am
SHANGHAI: China’s aluminium production rose 8.4% in the first two months of 2021 compared with the same period ...
China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

Published 05 Mar, 2021 06:05pm
  • Shandong-based Hongqiao posted annual net income of 10.5 billion yuan ($1.62 billion) last year, according to a filing to the Hong Kong stock exchange on Friday.
  • Revenues were up only 2.3% year-on-year to 86.14 billion yuan, however, with Hongqiao also attributing its bumper earnings to lower production costs and lower impairment losses compared with a year earlier.
Aluminium gains on concern about Chinese supply

Aluminium gains on concern about Chinese supply

Published 03 Mar, 2021 06:00pm
  • Three-month aluminium on the London Metal Exchange was up 0.3% at $2,219 a tonne.
  • Decarbonisation and moving to the carbon neutral target will be a key focus at the two sessions in Beijing this week so that's why aluminium and steel would be in the spotlight because they are energy intensive industries.
Aluminium hits two-month low as inventories, output climbs

Aluminium hits two-month low as inventories, output climbs

Published 19 Jan, 2021 06:23pm
  • In the short term, you have those inventory rises from both markets, China and ex-China.
  • The stock gains in China were expected ahead of the Lunar New Year holiday, which kicks off in mid-February, Yao added.
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