Industry News

Tianshan Aluminium’s net profit grows in H1

Views : 168
Update time : 2020-08-11 22:19:56
According to a report released by China’s Tianshan Aluminium, in the first half of this year, the firm’s primary aluminum output was around 559,000 tons, high-purity aluminum output was 8,200 tons, alumina output was 340,000 tons, and prebaked carbon anode output was roughly 160,000 tons.

During the period, Tianshan Aluminium’s realized revenue was around RMB 11.83 billion, and the net profit attributable to the parent company was RMB 653 million, up by nearly 48% compared to the same period a year ago.

The increase in the firm’s net profit was due to the second-quarter rebounded aluminum ingot prices, the commissioning of the first phase of Jingxi Tiangui Aluminium’s alumina project, a sharp decrease in costs of alumina, and dropped prices of raw materials in the first half of the year.
Related News
Read More >>
US’ OCTG exports decline in Feb US’ OCTG exports decline in Feb
Apr .28.2025
US’ OCTG exports decline in Feb
Global nickel market to have surplus of 198,000 tons in 2025 Global nickel market to have surplus of 198,000 tons in 2025
Apr .28.2025
Global nickel market to have surplus of 198,000 tons in 2025
Brazil makes preliminary AD ruling on pre-painted steel from China, India, without imposing provisional duties Brazil makes preliminary AD ruling on pre-painted steel from China, India, without imposing provisional duties
Apr .28.2025
Brazil makes preliminary AD ruling on pre-painted steel from China, India, without imposing provisional duties
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .28.2025
Brazil's steel imports may break Mar record in Apr