Construction of Chalco’s alumina project in Guangxi kicked off

Tianshan Aluminum issued a performance forecast on the evening of October 14. It is expected that the net profit attributable to the parent company in the first three quarters will be 3.231 billion yuan, a year-on-year increase of 163.54%.

Shanghai base metals traded mixed after opening on Thursday morning, as Fed failed to set a timeline for tapering asset purchase, and COVID-19 pandemic made a comeback. Meanwhile, their counterparts on LME mostly went up.

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

This is a roundup of China's metals weekly inventory as of July 9.

China’s copper cathode output continued to rise in May after some of the smelters recovered from maintenance.

Jinye Group has taken over Yunnan Yongchang Iron and Steel, which is expected to resume production in May.

China’s copper cathode output in March increased even as secondary copper production continued to contract due to the unfavourable price spread between copper cathode and copper scrap, in addition to copper scrap supply issues. The global outbreak of COVID-19 took a toll on copper scrap supply from Malaysia.

China produced 5.87 million mt of alumina in December, with metallurgical-grade materials accounting for 5.62 million mt

The steelmaker has pig iron capacity of 1.3 million mt on an annualised basis

Steelmakers across the region have started production curtailments