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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Chalco and Baosteel Group signed a cooperation framework agreement on June 17 over automotive aluminium sheet, the China Nonferrous Metals Industry Association (CNIA) said on its website. According to the agreement, both sides will establish a joint venture in the future to jointly develop, produce...
Aluminum Corporation of China Limited (Chalco) will break ground on its aluminium precision processing project in China’s east coastal province Fujian in September, reported industry sources. The project, with total investment at 10 billion yuan ($1.53 billion), will produce automotive aluminium...
China Aluminum International Trading Co. (Chalco Trading) cut aluminium prices in major markets after the Dragon Boat Festival compared with pre-holiday levels, it said on its WeChat. For details, please see the table below: Unit: yuan/tonne Note: Chalco Trading is a full subsidiary under Chalco...
China Aluminium International Trading Co. (Chalco Trading) cut aluminium prices again in major markets this past week, it said online. For details, please see the table below: Unit: yuan/tonne Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminium sales.
Aluminum Corporation of China Ltd (Chalco) has no plans to restart two smelters with a combined capacity of about 500,000 to 600,000 tonnes that it shut last year, the company's president said on Tuesday. The firm will maintain an aluminium output target of below 3.3 million tonnes this year,...
Aluminium consumption in China is set to grow by 7 to 10 per cent a year over the next five years and hit 44 million tonnes by 2020, Aluminium Corp of China Ltd (Chalco) President Ao Hong said on Tuesday. At the same event, Russian aluminium producer Rusal said it expected China's aluminium...
State-owned Aluminum Corporation of China Ltd (Chalco) reported its second consecutive profitable quarter today, buoyed by a rise in domestic prices for primary aluminium. Chalco turned in a net profit of CN¥19.2 million (US$2.97 million) for the first quarter, which is down from a profit of CN¥48...
China Aluminum International Trading Co. (Chalco Trading) hiked aluminium prices significantly in major markets this past week, it said through one of its online media handles. Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminium sales.
China Aluminum International Trading Co. (Chalco Trading) hiked aluminium prices in major markets in the week ending April 15, it said on its WeChat. For details, please see the table below: Chalco Trading is the wholly-owned subsidiary under Chalco responsible for alumina and aluminium sales.
China Aluminum International Trading Co. (Chalco Trading) cut aluminium prices in major markets this past week after three weeks hike, it said online. The table below shows the aluminium price corrections made by Chalco Trading:
Aluminum Corporation of China Limited (Chalco) moved back into profit in 2015 after a record loss in the previous year after the company cut costs, closed loss-making facilities and sold assets. The company's board also gave approval for the issue of debt instruments, including up to $1 billion...
Aluminum Corporation of China (Chalco) will focus on aluminium applications in transportation and construction sectors, said its chairman Ge Honglin, who is painting a rosy picture of aluminium use in China. Ge was quoted by Wenhua Finance as saying aluminium applications in China is far from the...
Chalco will make efforts in raising its share of captive power in the future, updated a source from the company. The source said Chalco is just about 30% reliant on captive power, well below average industry level, with some aluminium smelters even entirely reliant on captive power. The company...
A former aluminum executive who oversaw China’s biggest mining acquisition was named head of the country’s state-owned assets regulator as Beijing overhauls its bloated industrial sector. Former Aluminum Corp. of China President Xiao Yaqing was appointed chairman and Communist Party deputy...
Aluminum Corp. of China Ltd. said it expects to swing to a small full-year profit after shutting loss-making capacity. Its shares rose. China’s largest publicly traded aluminium smelter is contending with a global glut of the alloy and faltering demand at home, which have pushed prices to a...
Chalco is seeking to extend its value chain to downstream business against setbacks in aluminium segment after prices of the light metal sank to multi-year lows. Chalco will focus on manufacturing of aluminium semis used in transportation and construction sectors, mainly aluminium used in...
Speculations are all over that Chalco (Shanxi), Shanxi’s top alumina producer, has submitted to the local government a report titled “Report on Production Cuts or Complete Shutdown at Chalco (Shanxi)." An official surnamed Li at Chalco (Shanxi) confirmed that the company has submitted this report...
Aluminium Corporation of China Ltd (Chalco) has made great breakthrough in auto body aluminium alloy sheet manufacturing. After over two years of R&D, the State-owned aluminium major has achieved this feat, communicated Rare Earth Co., a wholly owned subsidiary of Chalco. In recent years,...
