Aluminum Corporation of China Limited (Chalco) finalised a share purchase plan led by its controlling shareholder, Aluminum Corporation of China, along with parties acting in concert, with a total investment of about RMB 1.015 billion  (USD 145 million).

Chalco announced the plan in April 2025 to signal confidence in its future and support minority shareholders. It aimed to buy A shares and H shares worth between RMB 1 billion (USD 145 million) and RMB 2 billion (USD 292 million), with a limit of up to 2 per cent of the company’s total share capital.

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Over the 12 months, Chinalco and its partners purchased a total of 193,029,583 shares through the Shanghai Stock Exchange and the Hong Kong Stock Exchange. This included 97,349,583 A shares and 95,680,000 H shares.

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The total investment amounted to about RMB 1.015 billion (USD 148.6 million), representing around 1.13 per cent of Chalco’s total share capital. The increase strengthens the controlling shareholder’s stake and reflects continued support for the company’s long-term growth.

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Chalco's stock (HK:2600) holds a "Hold" rating with a target of HKD 12.50 (USD 1.60). This step reflects the parent company's belief in Chalco's results and path ahead, while cementing its status as a leading name in China's aluminium sector.