BLACK CHINA BLOG

There has been plenty written about the Alcoa split in terms of what it means for shareholders, and what it means for the future of the two companies. Today I thought I would reflect on what the Alcoa split means from a Chinese perspective. I used the term Chinese kaleidoscope in the title because […]

China is set to close for one week commencing tonight, for the Golden Week holiday. October 1 is the date of when Chairman Mao announced the formation of the new Communist China back in 1949. AZ China will also be closed for the week, though I will be in Dubai for a conference. Email […]

China’s aluminium price is now closer to ¥11,500 than to ¥12,000. As of this morning, the price was at ¥11,635. Meanwhile in London, the LME price slipped further yesterday and last time I checked was touching $1549. For China the price is now in the range of the depths plumbed during the Global Financial Crisis. Normally, […]

Alcoa has announced it will split into 2 companies, each separately traded public companies. Here is the press release. More information and analysis later.   Lightweight metals leader Alcoa (NYSE:AA) is today announcing that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies, culminating Alcoa’s successful multi-year […]

Readers of the AZ China Weekly Carbon Products Monitor will notice that in this week’s report we mention that a new smelter will be built using 600Ka technology. Chongqing Qineng has announced that they will be adding a new potline to their smelter, and this new line will run at 600Ka. That’s pretty remarkable, given […]

Chinese domestic media sources are reporting that Chalco is to dispose of its 30% interest in the Qinghai Yellow River hydropower Recycled Aluminium company. The value is said to be 600 million RMB, though it is not clear whether this valuation is per Chalco’s book value or some other valuation. Chalco will exit its position […]