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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A new state-owned enterprise (SOE) in the People's Republic of China (PRC) called China Resources Recycling Group Co. Ltd. (CRRG) has been launched to create a national platform for recycling and reusing resources. The reports show three of CRRG's key shareholders are prominent metal producers: the...
Aluminium Stewardship Initiative (ASI) announced that Chalco Shandong Advanced Material Co., Ltd has achieved certification against the ASI Performance Standard V3 and Chain of Custody (CoC) Standard V2 Certification (2022). The facility's key production processes include raw material slurry...
Dong Jianxiong, the Vice General Manager of Chinalco Group and Chairman of Chinalco Shares, and Luciano Alves, CEO of Companhia Brasileira de Aluminio (CBA), visited Baotou Aluminum on May 8. During the visit, Alves and his delegation toured several key production sites, including the intelligent...
Aluminium Corporation of China (Chalco) expressed concerns about the "relatively high" risks associated with bauxite supplies from Guinea, highlighting the nation's increasing reliance on a single source for this crucial raw material. Last year, Guinea accounted for 70 per cent of China's bauxite...
China is the highest alumina producer, contributing around 58 per cent of the world’s output. According to the International Aluminium Institute survey, China produced 82.27 million tonnes of alumina in 2023, up by 3.15 per cent from 79.76 million tonnes in 2022. With this annual hike, China’s 2023...
To cope with the shifting operational paradigms of the aluminium industry, Chalco's Zhongrun Aluminium smelter embraced digital twin technology, a first-of-its-kind initiative. SAMI partnered with Bentley to address challenges in design, construction, and data integration. Shenyang Aluminium &...
Chalco, the aluminium corporation of China, recently announced the establishment of a joint venture between Chalco Zhengzhou Nonferrous Metals Research Institute Co., Ltd. and Zhengzhou Light Metals Research Institute Co., LTD. As per the announcement, the joint venture company, named Chalco...
Aluminum Corporation of China Limited (Chalco), one of the world's largest producers and suppliers of aluminium, alumina, high-purity aluminium and aluminium anodes, recently won 8 awards, including 1 Luban Award (National Quality Project). A total of 7 projects undertaken by the China-based...
The initial roster of Chinese enterprises awarded the "Green Electricity Aluminium Product Evaluation Certificate" and "Green Electricity Aluminium Procurement Certificate" was disclosed on July 4 th , 2023. Among the pioneers, Chalco Qinghai Branch secured its position as one of the premier ten...
China Aluminium International Engineering (CHALIECO) reported a net loss of RMB 831 million attributed to shareholders during the initial half of 2023. This starkly contrasts with a profit of RMB 124 million documented in the same period the previous year. Notably, increased charges for asset...
On July 20, the Chinese state-owned Aluminium Corporation of China announced the resignation of Chairman Liu Jianping. The reason cited for his departure was a "work adjustment." Liu's departure as chairman occurred only two years into his tenure. The decision followed closely on the heels of...
Guinea Alumina Corporation (GAC) and the Aluminium Corporation of China (Chalco) have signed a collaboration agreement to build an alumina refinery in the Republic of Guinea. This collaboration, which got underway in March with the signature of a memorandum of understanding, makes use of the...
Duan Xiangdong is appointed as the new chairman of the state-owned Aluminum Corp. of China, the largest producer of aluminium in the world. From October 2021 until this month, Duan served as general manager, deputy party secretary, and director of China First Heavy Sectors Co. Ltd., a state-owned...
Aluminium Corporation of China Limited, popularly known as Chalco, has posted higher profit for the first half of 2022 ended June 30, underpinned by increased revenue from alumina and coal production and imported coking coal business. From RMB 3.09 billion or RMB 0.176 per share of Chalco’s profit...
New York Stock Exchange-listed Chinese state-owned companies whose audits are being scrutinized by the US securities regulator are delisting voluntarily. The Aluminum Corporation of China (Chalco), the oil giant Sinopec, China Life Insurance, PetroChina, and Sinopec Shanghai Petrochemical Co have...
Shares of Aluminum Corporation of China Limited (Chalco) have elevated on Monday, July 25, following the company’s decision to increase its stake in Yunnan Aluminium Co. According to analysts at Citigroup, this acquisition will make Chalco the world’s largest aluminum producer, with a smelting...
On Tuesday, May 3, a stock rating agency upgraded Aluminum Corporation of China Limited, also known as Chalco, from a “buy” rating to a “strong-buy” rating. Earlier, on January 13, the Goldman Sachs Group had rated the stocks of Aluminum Corp. of China “sell” instead of “buy”, while on March 23,...
Owing to the increased alumina and aluminium prices and increased output, Aluminium Corp. of China or Chalco's net profit in 2021 was bolstered by 564.6 per cent Y-o-Y to a 14-year high. In the 12 months ending Dec. 31, 2021, the world's largest alumina producer had a net profit of RMB 5.08 billion...
