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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After a successful Day 1, AlCircle team is ready to welcome you to Day 2 of AlCircle Expo 2022. The event will go live today at 11:00 AM GMT, with a host of esteemed speakers, exhibitors, and sponsors, to make the final day even more eventful. Some of the eminent companies to be present in the...
The localities of Tamita and Lisso in the prefecture of Boffa, Guinea has witnessed that the communities are impacted by the exploitation of bauxite by the Chinese company Chalco, as it blockaded access from the port to the conveyor remain camped in their position. The inhabitants did not aspire to...
Alumina is the prime material for the production of aluminium ingots which feature light-weight, high fluidity, high dissolvability and strong absorption of fluorine. It is also used in applications such as industrial and medical ceramics, sandpapers, pigments, cosmetics and pharmaceuticals. The...
The Aluminium Stewardship Initiative (ASI) has reportedly announced the joining of CHALCO Shandong Advanced Material Co., Ltd. to ASI as a new Production and Transformation member, which bring the total number of members to 206. CHALCO Shandong Advanced Material Co., Ltd., founded in 1960, is...
The Chinese state economic planner will execute a fresh set of energy consumption benchmarks for the country’s energy-intensive industries from 2022, proffering manufacturers three years to adhere or close down to attach its climate-change goals. The least efficiency standards materialize to clasp...
This week has been a week for quarterly updates from many stalwart primary aluminium companies such as Hydro, Qamco, Chalco, and Vedanta. Hydro announced that in 3Q2021, it produced 573,000 tonnes of primary aluminium, which was 2 per cent up from 561,000 tonnes in Q2 2021 and 10 per cent higher...
On 26 th October 2021, the Chinese company listed in Hong Kong and in New York bourse, Aluminum Corp of China Ltd stated that its quarterly net profits in July-September leapt more than five-fold Y-o-Y, swiping to highest since late 2013 on the shoulders of booming aluminium and alumina prices. The...
On Monday, August 30, the China Nonferrous Metals Industry Association (CNIA) held a meeting attended by the country’s top aluminium smelters to discuss the continuous surge in aluminium prices, both on the Shanghai Futures Exchange and the London Metal Exchange. Reaching at a 13-year high,...
Aluminum Corporation of China Limited, popularly known as Chalco, announced on Tuesday, April 27, that its net profit in Q1 2021 recorded a thirtyfold year-on-year surge and stood five-year high at RMB 966.7 million ($149 million), driven by aluminium price growth to decade peaks and production...
Aluminium Corporation of China Limited, popularly known as Chalco, posted the lowest annual profit in the last four years in 2020. It said in a filing that its net income fell 13.1 per cent year-on-year to RMB 741 million in 2020. The company's revenues stood down by 2.2 per cent to RMB 186 billion...
Yu Dehui, the former general manager of Aluminum Corporation of China Ltd. (CHALCO), suggested that China, the world’s largest aluminium producer and consumer, must advance the green and low-carbon development of the aluminium industry to reach the carbon dioxide emission peak by 2030 and achieve...
Aluminium Stewardship Initiative announced on Friday, March 5, that it certified Chalco Ruimin Co., Ltd.’s two plants in Fuzhou, China, against Chain of Custody Standard Certification for remelting and casting, hot rolling, cold rolling, and finishing activities. The company produces rolled...
November 2020 had been the best month for Aluminium Corporation of China Limited, popularly known as Chalco, since its debut almost two decades ago, as investors have started taking keen interest in the Chinese aluminium sector. In the said month, China’s leading company in the non-ferrous industry...
Chalco’s Huasheng alumina refinery at Fangchenggang Port in Guangxi has begun operations on its second production line, which will add 1 million tonnes per annum of alumina capacity to an already oversupplied market, said sources to Fastmarkets on Monday, November 9. “I heard their second operation...
Aluminum Corporation of China Limited, popularly known as Chalco, announced on Tuesday, November 3, that it would sell a smelting capacity quota of 135,000 tonnes per annum to Yunnan Aluminium. Like Chalco, Yunnan Aluminium is also a subsidiary of state-owned Chinalco, the world’s biggest aluminium...
Aluminum Corporation of China Limited, known as Chalco, reported 5.3% year-on-year drop in third-quarter production to 900,000 tonnes. The primary aluminium output declined by 2.8% year-on-year to 2.76 million tonnes in the first nine months of 2020, Reuters reported. The company said in a Hong...
Huasheng alumina refinery, located at Fangchenggang Port, Guangxi, started trial production on September 10, having come online in August, said several sources to Fastmarkets on Monday, September 14. The commencement of trial production at Huasheng refinery followed after Chalco received a license...
Aluminium Stewardship Initiative announced on Wednesday, September 2, that it successfully certified Chalco Ruimin Co., Ltd. against the Performance Standard certification for responsible production, sourcing, and stewardship of aluminium. As per the report, ASI has certified Chalco Ruimin’s...
