Industry Update
China Hongqiao’s fast expansion complete
CEO of China Hongqiao Zhang Bo, top producer of world aluminum, said with the completion of fast expansion, Hongqiao will have slowering investment in the future and improved capacity, especially in 2015.
Mr. Zhang also said the group’s investment priority will be power and resources.
Aluminum price, he believes, will grow stable and move up in 2015.
Hongqiao’s project in Indonesia is estimated to be put into operation in the end of 2015 and come into full capacity in Q1 of 2016.
