Fubao News
Hong Kong-listed China Hongqiao Group (Weiqiao’s listed arm in HK) announced on Friday that it will cut its 2019 aluminium output target by 200~300 kt or 5% on-year due to a typhoon and floods at its Shandong smelters.
In addition, the company announced that net profits increased significantly during H1 2019, but aluminum alloy output fell 10.3% y-o-y.
