China Hongqiao Group expects its net profit for the first half of 2026 to increase by approximately 39 per cent compared with the same period last year, according to a filing with the Hong Kong Stock Exchange. The company said the anticipated earnings growth is primarily driven by higher selling...
中文翻译附于新闻末尾，敬请继续阅读。 China Hongqiao Group is looking to raise the annual limits on a bauxite supply deal involving its subsidiary, Well Harvest Winning. The company said the current limits may not be enough for its expected needs over the coming years. The supply agreement runs until 2033 and is with...
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China Hongqiao Group will publish this year its lower carbon emission target along with the action plan on how to achieve it, according to a report last week after the world’s largest private-sector aluminium producer’s chairman Zhang Bo revealed at the China Development Forum that the firm would...
China will add another 3 million tonnes of annual aluminium production capacity in 2021 – more than half the capacity in the emerging smelting hub of Yunnan province, said Antaike on Wednesday, October 14. The abundant availability of hydropower in Yunnan already bought some major aluminium...
China Hongqiao Group Limited has initiated the first phase of production at a greener aluminium plant in the southwestern province of Yunnan, cutting its reliance on coal-fired power. The news came after a Hongqiao affiliate said this on Thursday, September 17. Hongqiao has been smelting aluminium...
Hong Kong’s imports of aluminium scrap from the US came in at 7,090 tonnes in May, with a month-on-month increase of 1%. Hong Kong had imported 7,020 tonnes in April 2020. On a yearly basis, imports reduced by 37% from 11,200 tonnes in May 2019, as updated by the US Census Bureau. Hong Kong...
China Hongqiao Group, the world's biggest private-sector aluminium producer, reported 4.1% decline in production in the first half as it moved smelting capacity to southwest China to make use of hydro-electric power, Reuters reported. The company said on Friday its production of aluminium alloy...
World’s largest aluminium producer, China Hongqiao Group has left the International Aluminium Institute (IAI) within four years of joining the international body of the green metal. The progress depicts that the Chinese aluminium giant has subdued ranks with a body that represented companies...
Fitch Ratings has affirmed Chinese aluminium producer China Hongqiao Group Limited's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-'. The Outlook remains Stable. Hongqiao's ratings indicate its position as one of the world's largest aluminium smelters, with a competitive cost base...
On Friday, March 20, the world’s biggest aluminium producer China Hongqiao Group announced that despite a significant drop in production, it could see a rise in net profit of 12.7 per cent in 2019. According to the group, lower production costs were a significant reason for the increase in its net...
The aluminium scrap export of the US to Hong Kong during January18-October’18 remained at 32,200 tonnes. In 2019 the scrap export rose to 86,100 tonnes, as of Y-o-Y basis growth of 167.39% was noticed, the excess volume of 53,900 tonnes. In May’19 the US aluminium scrap export to Hong Kong stood at...
According to a report on Thursday, December25, China’s Henan Shenhuo Group will start the production at its aluminium smelting project in the Wenshan prefecture of Yunnan province, with initial capacity 150,000 tonnes per year. Wenshan, having abundant hydropower resources for the energy-intensive...
A report from Shanghai Metals Market said that Shandong Weiqiao Aluminium and Electricity, a subsidiary of China Hongqiao Group, would move 2.03 million tonnes of capacity from Binzhou of east China’s Shandong province to south China’s Yunnan. The news was confirmed from an official notice on...
China Hongqiao Group Limited, the world’s biggest aluminium producer, has reportedly hired outgoing International Aluminium Institute (IAI) secretary general Ron Knapp as its international adviser with effect from January 1, 2019. Knapp became secretary general of the London-based IAI in December...
According to the data from the National Bureau of Statistics, China in October produced 2.88 million tonnes of aluminium, down 0.7 per cent from 2.90 million tonnes in September and 1.8 per cent from the same period last year, as smelter shutdowns continued to weigh on output. Although the...
According to a Reuter’s report, Indonesia’s alumina producer PT Well Harvest Winning (WHW) exported 823,997 tonnes of smelter grade alumina in the first three quarters of 2019. This was communicated by company spokesman Suhandi Basri on Monday, November 4, 2019. China Hongqiao Group Ltd owns 56%...
China Hongqiao Group is planning to set up a “green aluminium” industrial park in Southwest China’s Yunnan capitalizing on the hydropower resources of the province, a statement from affiliate firm Shandong Weiqiao Pioneering says. A number of Chinese aluminium producers, including Aluminum Corp of...
According to data released by the National Bureau of Statistics (NBS) on Monday, September 16, production of primary aluminium in China stood at 2.97 million tonnes in August, a drop of 0.3 per cent year-on-year. Production in August dropped 0.5 per cent month-on-month on outages at China Hongqiao...
China Hongqiao reported results for H1 2019 on Friday and slashed its 2019 production guidance by up to 300,000 tonnes, or about 5%, after recent flood caused by a Typhoon hit its premises. The company however reported a sharp rise in first-half profits. Hongqiao’s net profit rose by 37.3% YoY to...
According to the International Aluminium Institute (IAI), the global aluminium production grew at its slowest pace in a decade in 2018, totalling at 64.34 million tonnes, up by 1.5 per cent from 2017. Most of this production occurred in the first half of the year, while in the second half did no...
