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China Hongqiao quits International Aluminium Institute

Metal News - Published on Wed, 05 Aug 2020

Image Source: China Hongqiao
Reuters reported that world's biggest aluminium producer China Hongqiao Group has left the International Aluminium Institute, only four years after joining the global industry body for aluminium. Hongqiao, which has about 6.5 million tonnes of licensed annual aluminium smelting capacity, became an IAI member in 2016 and now employs former IAI secretary-general Ron Knapp as an adviser to the company's chairman Zhang Bo. Knapp confirmed to Reuters that Hongqiao had resigned from the IAI but declined to comment on the reasons. He said "What Hongqiao is about is increasing its engagement internationally and we are looking at a number of vehicles to assist in realising that goal."

The move means the Chinese aluminium giant has broken ranks with a body that represented companies producing more than 60% of the metal and its raw materials bauxite and alumina worldwide, prior to Hongqiao's departure.

The IAI, whose website no longer lists Hongqiao as a member, declined to comment. Its objectives include increasing the market for aluminium by enhancing awareness of its qualities and providing a global forum for aluminium producers on matters of common concern for its now 26 members. Other members include Alcoa, Alumina Ltd, Aluar, Aloquete, Alba, Chinalco, CBA, Dadco, EGA, Hindalco, Hydro, Miiitusbishi, Mitsui, Nippon Light Metal, Press Metal, Inalum, Qatalum, Rio Tinto, Maden, Innovation Group, Sohar Aluminium, South32, Spic, Sumitomo Chemicak, Rusal and Winning

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Posted By : Yogender Pancholi on Wed, 05 Aug 2020
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