Latest news with #ChinaHongqiao
South China Morning Post
10-07-2025
- Business
- South China Morning Post
Chinese tycoons drive Indonesia's aluminium boom, echoing nickel success
Chinese tycoons are turbocharging Indonesia 's aluminium industry with multibillion-dollar projects that rival the vast bets made on the country's nickel riches roughly a decade ago, and threaten to shake up the global market for the metal. Grappling with production curbs back home, companies like billionaire Xiang Guangda's Tsingshan Holding, China Hongqiao and Song Jianbo's Shandong Nanshan Aluminum are turning to Southeast Asia 's largest economy, ploughing cash into new smelters and refineries. Goldman Sachs estimates Indonesian aluminium production could rise fivefold by the end of the decade. The question metals traders are now asking is whether Chinese capital can continue to pour investments into the country without ultimately tarnishing the outlook for the energy-intensive metal required for everything from soda cans to robotics and electric vehicles. Nickel provides a cautionary tale. Indonesia accounted for roughly 7 per cent of global mine production a decade ago – it now accounts for closer to 60 per cent, thanks to cheap coal power and Chinese smelters. Workers at Indonesia's Morowali Industrial Park, which hosts primarily nickel-related industries. Photo: Riza Salman Having underestimated that rapid rise, metals giants like BHP Group have been forced to close operations in Australia and elsewhere. Even the Indonesian industry is now creaking under the weight of its own success.
Bloomberg
09-07-2025
- Business
- Bloomberg
Chinese Tycoons Are Turning Indonesia Into an Aluminum Giant
Chinese tycoons are turbo-charging Indonesia's aluminum industry with multi-billion dollar projects that rival the vast bets made on the country's nickel riches roughly a decade ago, and threaten to shake up the global market for the metal. Grappling with production curbs back home, companies like billionaire Xiang Guangda's Tsingshan Holding Group Co., China Hongqiao Group Ltd. and Song Jianbo's Shandong Nanshan Aluminum Co. are turning to Southeast Asia's largest economy, ploughing cash into new smelters and refineries. Goldman Sachs Group Inc. estimates Indonesian aluminum production could rise five-fold by the end of the decade.
Yahoo
01-07-2025
- Business
- Yahoo
Guinea bauxite exports at 48.6mt in Q1 2025 as Chinese demand rises
Guinea's bauxite exports soared 39% to a record 48.6 million tonnes (mt) in the first quarter (Q1) of 2025, despite regulatory challenges impacting major operators, as reported by Reuters. Guinea, the world's second-largest bauxite producer, dispatched 312 vessels in Q1 2025 compared to 225 ships carrying 34.9mt in Q1 2024, as per data from the Ministry of Mines and Geology of Guinea. The increase in shipments occurred even as Emirates Global Aluminium's local unit faced an export ban, having shipped 3.6mt in Q1 2024, and other major operators such as China Hongqiao's subsidiary AGB2A/SDM saw their exports curtailed due to a regulatory cleanup. Bernabe Sanchez, an independent mineral economist focusing on Guinea, noted that current weekly exports of 3.7mt suggest an annualised rate of 199mt in 2025, a substantial rise from 146mt the year before. Sanchez stated: "This underscores the sector's resilience amid continuing strong Chinese demand from the military-ruled West African nation since 2016." Most of Guinea's bauxite, a crucial raw material for aluminium production, was shipped to China, where aluminium output has seen a resurgence. According to the National Bureau of Statistics of China, the country produced 18.59mt of aluminium in the first five months of the year, up 4% from the same period of the previous year. Chinese-controlled companies have been at the forefront of Q1 export boom, with the Société Minière de Boké (SMB) leading the way at 18.4mt, a 41% increase from 13.1mt in Q1 2024. State-owned Chalco from China also saw a 35% increase in shipments to 5.1mt, up from 3.8mt, while AGB2A/SDM managed to export 8mt despite facing regulatory challenges. The data highlights China's increasing influence over Guinea's bauxite resources as Beijing continues to ramp up its aluminium production. In 2024, China imported 158.7mt of bauxite, with Guinea accounting for almost 70% of these supplies. Guinea has been expanding its port infrastructure to meet the growing demand for bauxite, further cementing its position as a global leader in the supply of this essential mineral. In May 2025, Guinea's military government cancelled 129 exploration permits in an effort to consolidate control of its mining resources. "Guinea bauxite exports at 48.6mt in Q1 2025 as Chinese demand rises" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Connectez-vous pour accéder à votre portefeuille
Reuters
30-06-2025
- Business
- Reuters
Guinea ships record 48.6 million tons of bauxite as China demand rises
DAKAR, June 30 (Reuters) - Guinea's exports of bauxite, a feedstock for aluminium, surged 39% to a record 48.6 million metric tons in the first quarter though regulatory crackdowns sidelined major operators, official data obtained by Reuters showed. Most of this bauxite was shipped to China, where aluminium production has recovered. In the first five months of the year, China produced 18.59 million tons, a rise of 4.0% from the same period last year, data from its National Bureau of Statistics showed. Guinea, the world's second-largest bauxite producer, shipped 312 vessels compared to 225 ships carrying 34.9 million tons in Q1, 2024, according to Guinea's Ministry of Mines and Geology. Shipments from Guinea soared even as an export ban on Emirates Global Aluminium's local unit - which shipped 3.6 million tons in Q1, 2024 - remained in effect, while a regulatory cleanup curtailed exports from other key operators including China Hongqiao's subsidiary AGB2A/SDM. Current weekly exports of 3.7 million tons point to an annualized rate of 199 million tons in 2025, up from 146 million tons last year, said Bernabe Sanchez, an independent mineral economist focused on Guinea. This underscores the sector's resilience amid continuing strong Chinese demand from the military-ruled West African nation since 2016, said Sanchez. Chinese-controlled companies dominated the Q1 export boom, with Société Minière de Boké (SMB) leading at 18.4 million tons, up 41% from 13.1 million tons in Q1 2024. China's state-owned Chalco increased shipments by 35% to 5.1 million tons from 3.8 million tons, while AGB2A/SDM exported eight million tons despite regulatory challenges. The data further underscores China's tightening grip on Guinea's bauxite resources as Beijing ramps up aluminum production. China imported 158.7 million tons of bauxite in 2024, with Guinea accounting for almost 70% of supplies. Guinea, which supplies around half the world's bauxite, has expanded port infrastructure to handle surging bauxite demand.
South China Morning Post
10-06-2025
- Business
- South China Morning Post
Hong Kong stocks rise on optimism over ongoing US-China trade talks
Hong Kong stocks advanced slightly on Tuesday as traders remained hopeful that ongoing trade talks between mainland China and the US would yield positive results. The Hang Seng Index rose 0.1 per cent to 24,213.42 at 9.55am local time, approaching a level not seen since March 20. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the CSI 300 Index climbed 0.3 per cent and the Shanghai Composite Index strengthened 0.2 per cent. Aluminium maker China Hongqiao Group rallied 3.7 per cent to HK$15.06 and Wuxi Biologics rose 1.7 per cent to HK$26.45. Chinese property firms traded higher on news that Beijing was tapping its housing provident fund to give buyers an alternative to bank mortgages. China Overseas Land and Investment rose 2.3 per cent to HK$13.62 and Longfor Group Holdings added 3.2 per cent to HK$9.91. Some tech stocks weakened: electric-vehicle maker Li Auto fell 1.8 per cent to HK$117.90, Meituan retreated 1.7 per cent to HK$145.90 and dropped 0.7 per cent to HK$133.10. The first day of trade talks did not yield breakthroughs, but US officials confirmed that discussions would continue on Tuesday, adding that they were optimistic. Traders were expected to keep a close watch on the latest developments centred around shipments of technology and rare earth elements.
