Top 10 events of aluminum industry of China in 200

2022-08-06
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Top 10 events of aluminum industry of China in 2003 (1)

1 The selling price of international alumina has risen. Aluminum Corporation of China has raised the selling price of alumina seven times

industry impact index ★★★★

due to the tight relationship between supply and demand of alumina, the price of alumina at home and abroad has risen sharply since the end of 2002. As the only large-scale alumina production enterprise in China, Chinalco began to raise the sales price of alumina from 1830 yuan/ton to 1900 yuan/ton on December 6, 2002; From January to June in 2003, the sales price of alumina was raised to 2950 yuan/ton for five times, 150 yuan/ton higher than the previous price; In October of the second half of the year, the price was raised by another 350 yuan/ton, and by December 18, it was raised by another 400 yuan to 3700 yuan/ton

2003 Aluminum Corporation of China price adjustment process:

2002.12.6 1900 yuan/ton

2003.1.1 2200 yuan/ton

2003.1.24 2350 yuan/ton

2003.2.9 2600 yuan/ton

2003.4.25 2800 yuan/ton

2003.6.6 2950 yuan/ton

2003.10.24 3300 yuan/ton

2003.12.18 3700 yuan/ton

alumina is the main raw material for electrolytic aluminum production, and two tons of alumina are required to produce one ton of electrolytic aluminum. The sharp expansion of China's electrolytic aluminum production capacity in 2003 is the main reason for the rise in alumina prices

other factors that cause alumina prices to rise again and again:

1. The continuous and large-scale growth of electrolytic aluminum output and the further reduction of alumina inventory of domestic electrolytic aluminum enterprises have further increased China's domestic alumina demand gap and highlighted the contradiction between supply and demand

2. The continuous rise of international alumina prices has led to the fact that the current sales prices of imported alumina in Chinese ports are much higher than those of domestic alumina, and the supply of goods is tight, putting pressure on the prices of domestic alumina

3. The production resources are too concentrated in a few enterprises, and the source channel of alumina is single (a few companies have the right to import and export alumina)

reasons for selection:

the rise in the price of alumina is directly related to the development of the aluminum industry chain, causing heavy losses to the domestic electrolytic aluminum industry and effectively alleviating the overheated phenomenon of China's electrolytic aluminum investment. At the same time, it also puts the entire electrolytic aluminum industry in a high-risk state. The benefits of the electrolytic aluminum industry decline and fail to reach the expected value. This move will have a significant impact on the whole industry in the next few years.

2 The national development and Reform Commission issued a document prohibiting the repeated construction of aluminum industry

industry impact index ★★★★

200 to provide the best and most design oriented scheme to automobile manufacturers. On May 12, 2003, the national development and Reform Commission issued the opinions on further strengthening macro guidance and promoting the orderly development of electrolytic aluminum industry, Local governments are required to continue to implement the notice of the general office of the State Council on the opinions on stopping the momentum of repeated construction in the electrolytic aluminum industry, and to stop examining and approving any form of construction projects to expand the production capacity of electrolytic aluminum, and not to break up the whole into new projects in disguise. Foreign investment projects should also go through examination and approval procedures in strict accordance with relevant regulations. The opinion points out that the relevant financial management departments and commercial banks should actively cooperate with the implementation of national development planning and industrial policies, strengthen the loan approval of electrolytic aluminum projects, and prevent investment risks. Loans from financial institutions and funds raised by listed companies through additional issuance, allotment of shares and issuance of convertible bonds shall not be used for the construction of electrolytic aluminum projects approved in violation of regulations

in August 2003, the relevant person in charge of the national development and Reform Commission reiterated five provisions on the development of electrolytic aluminum industry:

1 We will continue to implement the spirit of the notice of the general office of the national development and Reform Commission on further strengthening macro guidance and promoting the orderly development of the electrolytic aluminum industry. Local governments should stop approving any form of construction projects to expand the production capacity of electrolytic aluminum, and should not break up the whole into parts and start new projects in disguise. Foreign investment projects should also go through examination and approval procedures in strict accordance with relevant regulations

2. Strengthen supervision and prevent financial risks

3. The environmental protection department shall strictly implement environmental protection laws and regulations, strengthen law enforcement, and actively work with relevant departments to strictly implement the catalogue of eliminating backward production capacity, processes and products (the first and second batches) and the catalogue of stopping repeated construction in the field of industrial and commercial investment (the first batch), and take effective measures to shut down and eliminate backward electrolytic aluminum production capacity of self baking cells within a time limit

4. Give full play to the role of intermediary organizations such as associations and consulting departments, strengthen market research and information release, and guide enterprises to make correct investment and decisions

5. Accelerate the transformation and capacity expansion of existing alumina enterprises and increase the supply capacity of alumina. At the same time, the existing electrolytic aluminum enterprises are encouraged to reorganize their assets through joint mergers and acquisitions, optimize resource allocation, improve industrial concentration, and develop into large aluminum enterprise groups with international competitiveness

reasons for selection:

the government's macro-control on the development of aluminum industry in China has effectively curbed the momentum of overheated investment in electrolytic aluminum and blind repeated construction

correctly guiding Chinalco to solve structural contradictions will play an important decisive role in the orderly development of Chinalco according to the different requirements of automobile OEMs

3. Chinalco implements the "going out" strategy

industry impact index ★★★★

at the end of November 2003, the national development and Reform Commission of China signed a memorandum of understanding with the delegation of the Ministry of industry of Vietnam in Beijing. The two sides agreed to continue to promote the preliminary feasibility study of a project estimated to be worth 1.35 billion US dollars. Under the guidance of the national development and Reform Commission, Chinalco and China national color construction will establish a joint venture with Vietnamese partners, Jointly develop the bauxite project in central Vietnam. This is an initiative of the Chinese government to actively advocate and promote the integration of Chinalco into the international aluminum development system

on December 10, China Nonferrous Metals Construction Co., Ltd. signed a loan agreement with the Export Import Bank of China and Australia ordoga Electrolytic Aluminum Co., Ltd. China Nonferrous Metals Construction Co., Ltd. signed an intentional agreement on business cooperation with Australia ordoga Mining Co., Ltd., agreeing to jointly develop bauxite in Australia and build relevant concentrator and electrolytic aluminum plant; Both parties will do their best to obtain relevant licenses and raise funds, and strive to form a production capacity of 4million tons of alumina and 420000 tons of electrolytic aluminum by 2010. NFC construction will participate in the cooperative development by means of investment in shares, project contracting, providing technical consultation and assisting in financing

On December 18, the founding ceremony of Chinalco International Engineering Co., Ltd. was held in the Great Hall of the people. The company is an international engineering company jointly founded by Shenyang Aluminum Magnesium Design Institute of Chalco, Guiyang Aluminum Magnesium Design Institute of Chalco and Chalco International Trade Co., Ltd. Chalco international will effectively control the implementation quality, progress and cost of the construction project in accordance with the internationally accepted project management mode, procedures and methods. It is understood that Chalco international will carry out engineering consulting, survey and design, general contracting of engineering construction, construction supervision, bidding and procurement, construction and installation, start-up services, technology development, research and application, technical consulting, technology transfer, intermediary services and other businesses in the domestic and foreign markets

according to the British Metal Bulletin in December, Minmetals Group recently confirmed to the outside world that it had submitted a bid to Kaiser aluminum (the micro nano scale 3D printing technology ium developed by Kaiser aluminum's team) earlier this month to purchase the assets it wanted to sell. At present, the vice president of Minmetals Group is negotiating the acquisition in the United States. The assets to be acquired include Gramercy, Louisiana alumina refinery and kjbc. Another powerful competitor Minmetals faces is Japan's Mitsubishi Corporation

in August, witnessed by josuevella, Philippine ambassador to China, China Nonferrous Metals Construction Co., Ltd. signed an agreement with Philippine aluminum Mountain Resources Co., Ltd. in Beijing on the cooperative development of Philippine bauxite. China Nonferrous Metals Construction Co., Ltd. assisted Philippine aluminum Mountain Resources Co., Ltd. in the development of a bauxite mine located in the west of SAMA Province in the middle of the Philippine Islands. On the premise that the conditions are met, Consider further establishment of alumina plant. China Nonferrous Metals Construction Co., Ltd. conducted on-site investigation on bauxite resources in Samar Province in mid September. At present, China and the Philippines are making preparations in full swing

reasons for selection:

the implementation of the "going global" strategy indicates that Chinalco has integrated into and participated in the tide of international aluminum industry competition, which has opened up a new way for China to find alumina resources, which will greatly promote the long-term benign and sustainable development of Chinalco and protect China's aluminum resources

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