Return of Shorts Hits SHFE Aluminum (Nov. 30, 2015)

In Ordos City, Inner Mongolia Autonomous Region, China, Governor Uali Berik of Abay Region, Kazakhstan, and Chinese enterprise Inner Mongolia Wanjiang Invest signed a memorandum of cooperation. According to the memorandum, the two sides will jointly advance two major investment projects in Abay Region, with a total investment of $1.5 billion. The specific plans include building an aluminum products plant with an annual capacity of 300kt and a wind power project with a total installed capacity of 1 GW. Once completed, the projects will significantly enhance the industrial development level of Abay Region, accelerate the development of renewable energy, create a large number of job opportunities, and inject new impetus into the sustained and steady growth of the regional economy. Uali Berik emphasized that these projects hold profound strategic value for Abay Region, and the state government will, as always, create a favorable cooperation environment for investors.

En juin, l’industrie de transformation de l’aluminium a affiché un modèle de divergence prononcé : « la demande externe surpasse la demande interne, le secteur des fils et câbles en aluminium étant incapable de soutenir le marché à lui seul. » Les commandes à l’exportation, le stockage d’énergie, l’UHT et d’autres domaines ont fourni un soutien structurel, mais la combinaison d’une consommation intérieure faible, de fortes fluctuations des prix de l’aluminium et de perturbations liées aux politiques a rendu difficile un redressement marqué de la confiance de l’industrie dans son ensemble à court terme.