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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Disruptions in two of the Chinese primary aluminium smelters pushed SHFE aluminium prices to a nine-month high this week. Though the exact status of both plants is uncertain, there have been enough speculation and the market is buzzing with a potential supply squeeze. A media report last week said...
China Hongqiao Group, leading aluminium producer updated on Tuesday that it was operating as normal after its home province of Shandong was lashed out and flooded by Typhon Lekima during the weekend. “The facilities are not damaged by the typhoon. There was flooding outside the factories but no...
According to a Reuters report, China Hongqiao Group plans to restart some of its closed smelting capacities this year. The move will allow the company to replace ageing production lines with newer technology, including a high-performing 600 kA potline without adding extra capacity. Hongqiao, the...
According to the National Bureau of Statistics on March 14, China’s primary aluminium production between January and February came in at 5.69 million tonnes. This represents a 5 per cent year-on-year increase, but a plunge by 2 per cent on a daily basis from December’s record rate. The bureau...
Chinese state-owned company China Hongqiao Group announced on Friday, February 1, that it would gradually recommence aluminium production from some of its pots after the shorter set of winter output curbs expired on January 31, 2019. During the winter heating season in November 2018, China Hongqiao...
Going by Chinese consultancies AZ China and CRU’s calculations based on a local government document Reuters reports that China Hongqiao Group has been asked to close up to 550,000 tonnes of annual aluminium smelting capacity this winter. That is about equal to 1-1/2 days of aluminium consumption in...
According to a Reuter’s report, shares of China Hongqiao Group, the world’s biggest aluminium producer, dropped for a second day on Monday, 17 September 2018. The drop came after its home province of Shandong announced introduction of fees for captive power plants. The Shandong commodity price...
According to a report from Reuters, China is exporting large volume of alumina for the second time this year despite the domestic price rise that is putting pressure on smelters. Chinese alumina suppliers signed contracts to export over 140,000 tonnes of alumina in July at a higher price, according...
The world's biggest aluminium producer China Hongqiao Group announced its results for the first half of 2018. Despite lower revenues, the company reportedly witnessed a surge by 21 per cent in its net profit. In a filing to the Hong Kong stock exchange, the company reported net income of RMB 1.8...
The world’s biggest aluminium producer China Hongqiao Group has signed a financing agreement with Industrial Bank Co Ltd for RMB 30 billion for the upgradation of its manufacturing facilities, Reuters reported. Industrial Bank will provide Group and its subsidiaries with services including...
China’s aluminium giant and the world's biggest aluminium producer Hongqiao Group Ltd announced its results for 2017 on Friday. The company reported 25.3 per cent drop in its 2017 net profit due to capacity shutdowns and rising raw material costs. In a filing to the Hong Kong stock exchange, the...
The world’s biggest aluminium producer China Hongqiao Group Limited will raise HK$6.24 billion (US$800 million) through sale of shares to reduce debt, Reuters reported Tuesday. The Group having US$16.6 billion (approximately) liability will use 70 per cent of the raised money to pay off debt this...
Cash crunch at the month’s end has slowed down trading activities in China’s spot market for aluminium. Downstream producers in south China market have maintained a wait and watch stance against weakening SHFE ALUMINIUM. Mainstream traded prices were 16,090-16,130 yuan/tonne in Guangdong, a premium...
<p>The world’s largest aluminium producer China Hongqiao confirmed Monday, August 14 that it had closed 2.68 million tonnes of smelting capacity after Shandong Government ordered it to do so in an attempt to curb illegal capacity.</p> <p>The aluminium capacity closed by Hongqiao was spread...
<p>As expected, the average prices of A00 Aluminium has registered a substantial gain across all major Chinese markets (North, South, North-East and South-West) today based on the news in the market that China Hongqiao Group will shut down 2.6 million tonnes of aluminium capacity before...
<p>According to a news report from Reuters, China Hongqiao Group Limited, the biggest aluminium producer in China said that they have planned to cut 2 million tonnes per year of outdated aluminium capacity.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right:...
<p>Shandong Weiqiao Aluminum & Electricity Co., a power-alumina-aluminium processing integrated company, has sharply increased the capacity of aluminium alloy product over the past years, reported by Shanghai Metals Market.</p> <p>Shandong Weiqiao Aluminum & Electricity Co. is the wholly...
<p>The Chinese government is continuing to push for wide-scale aluminium supply side reform. After China Hongqiao Group, the biggest aluminium producer in China, announced curtailment of its outdated capacity a few days back, it is time now for another aluminium giant Shandong Weiqiao Group to walk...
