Consumption of primary aluminium in China, the world’s top consumer, may rise 8.5 percent this year and just 3 percent next year due to the global financial crisis, a senior analyst at Antaike, a state-owned research group, said.
The expected growth rates would be the lowest in years and mark a sharp fall from a more [...]
Aluminum slumped by the exchange- imposed daily limit in Shanghai on speculation producers in China, the world’s biggest supplier, may not reduce output as much as expected as input costs drop.
Aluminum Corp. of China Ltd., or Chalco, China’s largest producer, has reduced alumina prices three times since June. Two tons of alumina yield one ton [...]
China, the world’s largest producer of aluminum and steel, will lower or scrap export taxes next month on some shipments of the metals to try to bolster slowing economic growth.
The tariff on aluminum alloy rods and bars with a circumference of less than 210 millimeters (8.3 inches) will be reduced to 5 percent from 15 [...]
Aluminum Corp of China Ltd, the nation’s biggest producer of the metal, yesterday said it has idled 38 percent of its alumina capacity because of falling prices and demand.
Chalco, as the Beijing-based company is known, had shut 4.11 million metric tons of annual production capacity as of Wednesday, it said in a filing to the Hong [...]
Aluminum Corp of China Ltd (Chalco)<601600><2600>, the top aluminium maker in the country, has idled 38%, or 4.11 million tons of its annual alumina capacity, the Shanghai Securities News reported, citing Chalco’s statement on Thursday.
The idled capacity includes 640,000 tons in its Zhongzhou plant, 1.1 million tons in Shanxi, 1.17 million tons in Shandong and [...]
Chinalco Luoyang Copper Co., the biggest processor of the metal for parent Aluminum Corp. of China, said orders fell 20 percent last quarter as the economy grew at the slowest pace in five years.
The decline represented a drop in monthly production to 7,000 metric tons in the third quarter, from 9,000 to 9,500 tons in [...]
