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, popularly known as Chalco, reported on Thursday, August 27, that its profit fell 95 per cent year-on-year in the first half of 2020, attributing to lower aluminium and alumina prices and decrease in primary aluminium production. The net income of the company...
The alumina prices in China increased last week after Chalco announced it would cut alumina production. Alumina prices rose RMB 46 per tonne from thursday to RMB2,333 per tonne in the week ended July 3, according to SMM assessments. Alumina price trended higher over the week. Profit recovery at...
Reuters reported Chalco would implement “flexible production” at three alumina production lines in accordance with market conditions. Flexible production is a phrase used to refer to output cuts. The three refineries, at subsidiaries Shanxi Huaxing and Shanxi New Material in northern China’s Shanxi...
Aluminium Corporation of China Limited, popularly known as Chalco, has reported in a written statement that it is all set to send its shipment from a bauxite mine in Boffa, Guinea. A large ocean-going ship laden with high-quality bauxite from Boffa will soon arrive at the Fangchenggang port in the...
According to a Reuters report, Aluminum Corp of China Ltd , also known as Chalco, has received a license for its 100,000-square-metre bonded bauxite warehouse in Guangxi region in southern China. The warehouse, which has a storage capacity of 1.02 million tonnes of bauxite, will store bauxite...
An executive from a closed smelting unit of state-run Aluminum Corporation of China Limited, popularly known as Chalco, has demanded bauxite-rich Shanxi to become a major aluminium production hub. China is by far the world’s biggest producer and consumer of bauxite, the main ore source of...
Aluminum Corp of China Ltd, Chalco, declared on 14th May’20 that its Chairman Lu Dongliang had resigned from his position. The previous President of the company Ao Hong has been put in temporary charge. Lu Dongliang has informed the board of Chalco, the listed arm of state-owned aluminium firm...
Aluminium Corp of China Ltd, known as Chalco, reported aluminium sales of 860,000 tonnes in the first quarter of 2020. That was down 9.5% from 950,000 tonnes a year earlier on lower demand due to coronavirus outbreak, according to a datasheet for analysts reviewed by Reuters. The output of...
Aluminium Corp of China Ltd, known as Chalco, announced that the company’s net profit declined year-on-year on lower sales due to the coronavirus outbreak. The company’s net income came in at 30.7 million yuan in the first quarter of 2020, a drop of 93.1 per cent from 444.9 million yuan in the...
Preparations for ALUMINIUM CHINA 2020 are underway. World-leading aluminium producers, such as Novelis, Nikkeikin, CHALCO, Nanshan, and ALNAN, will exhibit with cutting-edge materials and experience in recycling sector. Meanwhile, leading aluminium recyclers Lizhong, Sigma and technology suppliers...
Right from the aluminium raw material to the end-use sector, the effect of COVID19 pandemic is evident in every vertical of the industry. Unavailability of adequate labourers and transport disruption due to the worldwide lockdown is taking a constant toll on the aluminium industry, resulting in...
Aluminium Corporation of China Limited, popularly known as Chalco, may consider carrying out maintenance or even shut some aluminium production if prices fall below its cash costs, said a company executive on Friday, April 3. With the weak demand for aluminium in China and also across the globe due...
Chalco, China’s biggest state-run aluminium producer, produced 3.79 million tonnes of aluminium in 2019, down 9 per cent from the previous year, according to the company’s presentation to analysts reviewed by Reuters. With this production, Chalco just managed to retain its position as the world’s...
Aluminium Stewardship Initiative (ASI) announced Chalco Ruimin Co., Ltd. has become a new Production & Transformation member of the ASI. This brings the total number of members working toward a responsible aluminium value chain to 110. Chalco Ruimin, located in Fuzhou, Fujian Province, China, is a...
The Aluminium Corporation of China Ltd., CHALCO, shipped the first cargo of bauxite from its Boffa mine in Guinea, as per a company spokesman confirmed on 7 th January’20. Alumina is produced from a rock known as bauxite, which is then refined to make aluminium metal. As on 7 th January’20, it has...
The Chinese aluminium giant, Aluminium Corporation of China (Chalco), Guizhou branch, has commissioned for alloy bar production line, with an intended capacity of 20,000 metric tonnes for a yearly rationale which executed operation on December 6. The present production line is producing 2,000 mt of...
According to an official from parent and state-owned company Chinalco, Aluminium Corporation of China Limited, popularly known as Chalco, would make the first shipment from its Boffa’s bauxite mine in Guinea by early-December. Last month, a Chinalco official at the China Mining conference in...
Aluminium Corporation of China Limited, known as Chalco, reported an 83.9% drop in its third-quarter net profit due to higher costs. Chalco’s net income amounted to 102.61 million yuan ($14.52 million) in July-September, compared to a restated figure of 639.03 million yuan a year earlier, according...
