Zhangyuan Tungsten: 2019 Annual Report
30/04/20 | Tungsten
China Commodity Marketplace According to the 2019 annual report of Zhangyuan Tungsten, the company’s revenue reached RMB1.83 bln, down 2.22% y-o-y during the reporting period. The net profit attributable to shareholders of the listed company represented a loss of RMB288 mln in contrast to positive profits last year. Basic earnings…
Sichuan Qimingxing Resumes Full Operation
30/04/20 | Aluminium
Asian Metal News Sichuan Qimingxing Aluminium, designed with 125 ktpy primary aluminium capacity comprising 168 sets of 300 kA electrolytic cells, has restarted previously idled capacity this week, ramping up to full capacity operation in two weeks. The company undertook maintenance on ten 300kA cells in late March, (8 kt…
Shanxi Xiaoyi Huaqing Resumes Normal Operation
30/04/20 | Alumina
Asian Metal News 30th April: Shanxi Xiaoyi Huaqing refinery, with designed alumina capacity of 450 ktpy, has completed maintenance on one coal gas furnace and resumed normal operations. Xiaoyi Huaqing produced 23 kt of alumina in April, declining from 30 kt in March. The company chiefly uses local bauxite for…
MOT: Reinstate Road Toll Fees Nationwide
29/04/20 | Aluminium
Shanghai Nonferrous Metals News MOT (the Ministry of Transport) published a notice reinstating toll road charges (including tolls on bridges and tunnels) for vehicles, applicable from 6th May, 2020. The toll-free policy will continue to apply to military vehicles (armed police forces), public security vehicles, fire-fighting and rescue vehicles, ambulances,…
CNIA: Resumptions of Nonferrous Metals Producers
29/04/20 | Aluminium
Cnal News As of April 26, 241 nonferrous metal producers including copper and aluminium producers surveyed by CNIA reported an operational rate of 92.9%. The capacity utilization rate of copper and aluminum processers who have resumed operations was found to be 90.6%. Source
SPIC Shanxi to Suspend Two LT Aa Lines this Week
29/04/20 | Alumina
Asian Metal News SPIC Shanxi was designed with 3 mtpy alumina capacity comprising 500 ktpy capacity across six production lines. The company is set to suspend two 500 ktpy LT alumina production lines this week amid a bleak market. The company has four LT production lines using imported bauxite and…
Chalco Publishes Q1 2020 Report
29/04/20 | Aluminium
China Nonferrous Metals News 28th April 2020: Chalco published its Q1 2020 report, revealing operating revenue of RMB39.7 bln, profits of RMB218 mln and net profits attributable to the parent company of RMB30.72 mln, all showing a decline y-o-y. However, the net operating profit attributable to the parent company reached…
Chalco: 175 kt of Bx Shipment Leaves Guinea
29/04/20 | Bauxite
Alu News 20th April 2020: 175 kt of bauxite produced at Chalco’s Boffa project in Guinea was loaded onto the ‘Zhongtenghai’ vessel and departed Guinea. The shipment is scheduled to arrive at Fangchenggang Port, Guangxi China in about 40 days, marking the first 180 kt level bauxite shipment from Chalco’s…
Gansu: Nonferrous Metals Commercial Reserve Plan
SMM News Gansu’s provincial government is formulating a “Nonferrous Metals Reserve Action Plan in Gansu”. The plan will reserve a total of 436 kt of nonferrous metals for seven months including 80 kt of copper, 300 kt of aluminium, 40 kt of zinc, 15 kt of nickel and 1 kt…
