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Hongqiao Group

China Hongqiao plans to expand bauxite buying capacity under a long-term supply deal
Bauxite
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 Indonesia-based Cita Mineral Investindo. Bauxite is a key ingredient in aluminium production, and Hongqiao expects to require larger volumes as its operations continue. Under the deal, the suppli ...
China Hongqiao parent company buys 21 million shares in HKD 556M deal
Primary AL
Aluminium producer China Hongqiao Group Ltd. said on Monday, June 8, 2026, that its parent company, China Hongqiao Holdings, purchased 21 million shares in the company at an average price of HKD 26.464 per share. The transaction amounted to a total consideration of HKD 556 million (USD 71.28 million). The acquisition represents approximately 0.21 per cent of China Hongqiao's total issued share capital and increases China Hongqiao Holdings' stake in the company to 62.31 per cent. China Hongqia ...

Downstream
China Hongqiao Group said social inventories of aluminium rods have been declining steadily since mid-March 2026, although aluminium ingot inventories remain relatively high due to delayed downstream demand recovery and cautious purchasing amid elevated aluminium prices. Speaking at the company’s performance briefing on May 15, Hongqiao Holdings cited publicly available industry data showing continuous destocking in aluminium rods, while the pace of inventory reduction in aluminium ingots has ...
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