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...
Grow with
AL Circle
Shares of Hong Kong-listed Winsway Coking Coal Holdings Ltd. have been surging this week with some analysts asking if China’s state-backed aluminum giant could be at work. On Wednesday, Winsway was up more than 20%. The unusual share price movement led the company to issue a statement to the stock...
Cost pressures on China’s beleaguered aluminum industry could ease in the coming months as a number of provinces introduce power subsidies to reduce hefty electricity bills weighing on the energy-intensive sector. Plans are underway in central China’s Henan Province, which accounts for about a...
Aluminum Corporation of China Ltd., a subsidiary of Chinalco Aluminum Corporation of China (CHALCO), an aluminum exploration company, intends to make a proportional takeover bid to acquire all issued and outstanding shares of SouthGobi Resources Ltd., a coal production and Development Company from...
CapitalVue reported that Aluminum Corporation of China raised the ex factory price of alumina to CNY 2,900 per tonne an increase of 3.6% from several days ago. According to the company, policy changes on Indonesian alumyte impacted on supplies of the metal and Chalco has now decided to carry out...
The lease for the Aurukun bauxite mine will be put on the market again but this time around the successful bidder won't have to build a new refinery. The tender for the new bauxite mine and alumina refinery had been won by Chinese company Chalco in 2007, but the deal folded in July 2011 because...
Aluminium Corporation of China Ltd, known as Chalco, said on May 31 that it will lower its aluminium oxide production by 1.7 million tons this year due to Indonesian export restrictions on the raw material bauxite. The reduction represents 15.44 percent of China's production of aluminium oxide, the...
The Aluminium Corporation of China Ltd (Chalco) was in the red for the first three months of the year. In its first quarterly report published by the Shanghai- and Hong Kong-listed company, it warned of potential loss for the first half year, citing low aluminium and high raw material prices....
Aluminum Corp of China Ltd (Chalco), the country's top aluminium maker, raised its spot price for alumina by 3.6 percent but the news failed to offset concerns that a production cut will hit its earnings, sending its shares lower on Friday. Chalco raised the price of alumina, the key material for...
Fitch Ratings has affirmed Aluminum Corporation of China Limited's (Chalco) Long-Term Foreign Currency (FC) Issuer Default Rating (IDR) at 'BBB+' with Stable Outlook and Long-Term Local Currency (LC) IDR at 'A-' with Negative Outlook. The Short-Term FC and LC IDRs have been affirmed at 'F2'. Chalco...
PUGET VENTURES INC. announces that it has accepted the recommendation of Anhua to sign an MOU with China Aluminium International Engineering Corporation Limited ("CHALIECO") as EPC contractor to develop the Karakul Cobalt Project ("Karakul") in Altai, Russia upon completion of the Company's...
Mongolia, the commodity-rich nation that posted the world’s fastest economic growth in 2011, is on course to pass a law by June that will bar foreign state-owned companies from controlling its key assets. The draft law, submitted to parliament two years ago, was accelerated after a public outcry...
Necessity gives rise to invention and the scarcity of domestic bauxite reserve in China is making people from aluminium industry think about an alternative. Yin Zhonglin who is the director of Chalco Zhengzhou Research Institute Alumina Institute said at the World Aluminum Raw Materials Summit 2012...
Reuters reported that Aluminum Corporation of China Limited net loss of CNY 1.09 billion for the Q1 dented by higher costs and lower prices for the lightweight metal. Chalco, the country's top aluminium maker also warned of a loss for its first half ending June 2012 due to weak prices and high raw...
Aluminum Corp. of China Ltd. isn’t letting its stalled takeover of SouthGobi Resources Ltd. stop its coal ambitions. On Monday evening, the company, also known as Chalco, said it would buy a 29.9% interest in Hong Kong-listed Winsway Coking Coal Holdings Ltd. for HK$2.39 billion (US$307.9 billion),...
Aluminum Corp of China Ltd said it has agreed to buy 29.9 percent of imported coking coal supplier Winsway Coking Coal Holdings Ltd for HK$2.39 billion ($307.92 million) to strengthen its downstream logistics operations. In a filing to the Hong Kong stock exchange late on Monday, the China's top...
Huang Weiping, General Manager of Aluminum Corporation of China Limited (CHALCO) Qinghai Branch, said that the branch produced 96,500 mt in 1Q 2012, up 1.16% YoY, 25.06% of its annual production plan. SMM sources report that CHALCO Qinghai Branch is located in Xining City, Qinghai Province,...
Aluminum Corporation of China Limited (CHALCO)’s Zhongzhou Branch produced more than 160,000 mt of alumina in March, including 145,000 mt of industrial grade alumina and 17,600 mt of chemical grade alumina. SMM sources report that the industrial grade alumina was produced by the Branch’s No. 2...
Aluminum Corporation of China Limited (CHALCO) Shanxi Branch’s 500,000 mt energy-saving alumina project enters trial operations today, with the branch’s annual alumina capacity reaching 2.7 million mt. SMM sources report that the construction of CHALCO Shanxi Branch’s 500,000 mt alumina project...
