Shares of Aluminum Corporation of China (Chalco) rallied during the latest trading session after investors responded positively to plans by its parent company to increase its shareholding, alongside improving aluminium market fundamentals. The company's Hong Kong-listed shares gained 6.28 per cent...
Shares of Aluminum Corporation of China (Chalco) rose on Monday after its controlling shareholder, Aluminum Corporation of China (Chinalco), announced plans to increase its stake in the state-owned aluminium producer by up to USD 300 million (CNY 2 billion), reflecting confidence in the company's...
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<p>LME aluminium prices are tracing a downward slope again. Unlike other base metals which are trending up almost in unison, the lightmetal traded on LME closed at US$1,706/mt after night trading on Tuesday, November 8. The contract was traded at US$1,716/mt a day earlier on the Exchange. <br /><br...
<p>CBIX climbed 2.6% (US$1.2/dmt) to US$46.3/dmt on the back of higher ViU-priced Brazilian material. After the slight rise last week, Malaysian prices held, with unwashed material at US$27.5/dmt FOB and washed material at US$39.5/dmt FOB.<br /><br />The pace is quickening (if that’s...
<p>China's state-owned Aluminum Corporation of China Ltd (Chalco) swung back to profitability in the first nine months, buoyed by higher metal prices and continued cost-cutting efforts, the company said on Thursday.<br /><br />Chalco posted a net profit of 107.9 million yuan ($16.02 million) in the...
<p>Shares in state-controlled Hong Kong-listed Xingfa Aluminium have halted trading ahead of a takeover announcement, coinciding with a halt in trading for shares in China’s largest aluminium company.<br /><br />Xingfa, almost a third of whose shares are owned by state-run investment firm...
<p>According to SMM report, LME aluminium dropped below the 5-day moving average and will trade in a close range of USD 1,565-1,585/mt on Sept 12 as an aftermath of OPEC’s monthly oil report. SMM also indicates that SHFE 1611 aluminium should move between RMB 11,960-12,060/mt. In east...
<p>Aluminum Corporation of China Limited (Chalco) signed an agreement with the government of Guizhou Province last month for an expansive bauxite-alumina integrated complex in the region, industry source reported. <br /><br />As per deal, Chalco will establish a bauxite-alumina JV project in...
<p>Aluminum Corporation of China Limited (Chalco) held ground-breaking ceremony for its large aluminium processing plant in Fujian province in southeast China, last Thursday, September 1.<br /><br />The large-scale aluminium precision processing project having a planned capacity of 800,000 tonnes...
<p>China Aluminum International Trading Co. (Chalco Trading) cut aluminium prices it offered in major markets today after three consecutive days of hike, it said on its WeChat. <br /><br />For details, please see the table below: <br /><br />Unit: yuan/tonne <br /><br /><img...
<p>On Thursday, August 25, Aluminium Corporation of China Ltd (Chalco) reported the results for the first half of 2016. The company posted a sharp rise in net profit mainly because of a general recovery in aluminium prices during the first half of the year.<br /><br />As reported in a filing on the...
<p>China Aluminum International Trading Co. (Chalco Trading) raised aluminium prices it offered in major markets further today, it said on its WeChat. <br /><br />For details, please see the table below: <br /><br />Unit: yuan/tonne <br /><br /><img style="vertical-align: middle;...
<p>China Aluminum International Trading Co. (Chalco Trading) further cut aluminium prices in major markets today, marking its 7th consecutive day of cuts, it said on its WeChat. <br /><br />For details, please see the table below: <br /><br />Unit: yuan/tonne<br /><br /><img style="vertical-align:...
<p>Jiaozuo Wanfang Aluminum Co., one of the subsidiaries of Aluminum Corporation of China Limited (Chalco), announced yesterday that production at its aluminum smelting plant has been severely affected by flood. <br /><br />All the facilities were flooded, resulting in a prolonged power outage....
<p>China Aluminum International Trading Co. (Chalco Trading) further cut aluminium prices in major markets today, marking its 6th consecutive day of cuts, it said on its WeChat. <br /><br />For details, please see the table below:</p> <p><img style="vertical-align: middle; display: block;...
Aluminum Corp of China (CHALCO), the country's biggest producer of alumina and primary aluminium, posted profits of 330 million yuan ($49.4 million) during the first half of the year, the highest level in almost five years. The company attributed its excellent performance largely to reduced...
Chalco reversed losses and reported big profit in H1 2016 when many of its competitors were still struggling with meager profit. So, what’s the secret behind the great success? Aluminium, alumina and refined copper costs fell by 400 yuan/tonne, 2,500 yuan/tonne and 5,200 yuan/tonne, respectively,...
China Aluminum International Trading Co. (Chalco Trading) raised aluminium prices in major markets today after yesterday’s deep cut, it said on its WeChat. For details, please see the table below: Unit: yuan/tonne Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and...
China Aluminum International Trading Co. (Chalco Trading) cut aluminium prices in major markets markedly today after three consecutive days of hike, it said on its WeChat. Unit: yuan/tonne Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminium sales.
China Aluminum International Trading Co. (Chalco Trading) raised aluminium prices in major markets today after two consecutive days of cuts, it said on its WeChat. For details, please see the table below: Unit: yuan/tonne Note: Chalco Trading is a full subsidiary under Chalco responsible for...
