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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Aluminum Corporation of China Limited (Chalco) has been reported to be making foray into green building materials business. The company made an announcement to this effect on December 15 following establishment of a joint venture with China State Construction Engineering Corporation. The JV,...
Chalco has made substantial progress in its energy use reduction efforts, hexun.com reported. The Chinese aluminum giant has saved 3.65 million tonnes of coal equivalent (TCE) since 2011, the media added. So far, Chalco has reported a 28.35% decline in total energy consumption per tonne of alumina...
Chalco plans to sell 50% stake in Shanxi Huaxing Aluminum Co. for at least 2.35 billion yuan ($364 million), the company said in a statement filed to the Shanghai Stock Exchange on December 9. Chalco added that the move aims to draw strategic investors to jointly build its...
China's leading aluminium smelters have been reported to be meeting today to discuss possible output cuts amid plunging metal prices. This is supposed to be a definitive step taken by the embattled base metals industry to mull a coordinated action plan against rising metal glut. The meeting will be...
China signaled it’s prepared to curb aluminium production to try to stem oversupply as part of an agreement with Russia. The Sino-Russian protocol on energy cooperation, signed November 16 by Russian Deputy Prime Minister Arkady Dvorkovich and Chinese Vice Premier Zhang Gaoli, includes a section on...
The second of three previously announced natural gas replacement projects licensed by Tianwo-SES Clean Energy Technologies Company Joint Venture in China and under construction for Aluminum Corporation of China Ltd has entered the commissioning phase. Members of Synthesis Energy Systems’ Zao Zhuang...
Aluminum Corporation of China (Chalco) decided on October 8 to shut down all the remaining electrolytic cells at its Liancheng branch. The move is aimed at reducing losses and is also in response to severe overcapacity in the industry, said Jiang Yinggang, Deputy President at Chalco. Chalco...
Synthesis Energy Systems, Inc., a global energy and gasification technology company enabling clean, high-value energy and chemical products from multiple feedstocks, reports a progress update from its Tianwo-SES Clean Energy Technologies Company Joint Venture in China. The second of three...
Chalco, China’s aluminum giant, recently inked an agreement with Shenhua Group to jointly come up with an alumina project in Hebei Province of North China. The project will be build in partnership with the the provincial government. The three parties have agreed to build the alumina project at...
Chalco, China's top aluminium producer, has slashed output at its two smelters as high electricity costs and falling prices have severly hit their bottomlines. Chalco (Liancheng) shut down 80 * 200kA electrolytic cells and 12 * 600KA electrolytic cells in H1 2015, and has closed almost all of its...
Chalco and Dongfeng Motor Corporation (DFM) signed a strategic agreement on August 28 to establish an all-new DFM-Chalco automotive aluminum alloy laboratory. The laboratory will be dedicated to research and development and applications of new materials and technology in automotive aluminum alloy...
Aluminum Corp of China Ltd (Chalco) posted a first-half net profit of 27.6 million yuan ($4.31 million), helped by lower production costs and rising sale prices of alumina products. Chalco swung to a net profit in the first quarter of this year after having posted a record loss in 2014 that was...
Chalco reversed losses in its aluminum segment in H1 2015, it said during its mid-year conference. The Chinese aluminum giant attributes the surprising result partly to cost reduction and higher production efficiency.
Many aluminum smelters in China are suffering losses, while aluminum processors make big money, a local source reported. Chalco, China’s top aluminum producer, swung into its largest-ever net loss 16.2 billion yuan ($2.6 billion) in 2014. Yunnan Aluminum Co., another large aluminum smelter, also...
Investors could be forgiven for thinking Aluminum Corp of China’s return to profitability, fatter margins and surging share price makes the lightweight metal producer a stock to own but that may not be the case. The company, better known as Chalco, may be a giant of China’s aluminum industry but...
Aluminum Corp of China Ltd (Chalco) swung to a profit in the first quarter of 2015 after domestic prices of the metal in the world's top consumer rose. Chalco reported a net profit of 63.1 million yuan ($10.2 million) for the January-March period after a net loss of 2.16 billion yuan in the same...
Aluminum Corp of China Ltd (Chalco), the country’s top aluminum producer, swung into its largest-ever loss in 2014 due to lower aluminum and alumina prices, it said in a filing on the Shanghai Stock Exchange yesterday. The Chinese aluminum giant suffered net loss of 16.2 billion yuan ($2.6 billion)...
Chalco will invest 2.6 billion yuan ($400 million) to explore bauxite in Chongzuo, Guangxi – one of China’s bauxite-rich regions – local media reported. Feasibility report was completed last December, and groundbreaking might start as soon as this June, the media added. Once operational, the...
