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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According to a recent report, Aluminium Corporation of China, also known as Chalco, has postponed the launch of its Boffa bauxite project in Guinea until at least the first quarter of 2020. The news came after Chalco’s official declared it on Thursday, October 10. The construction of the project is...
Chalco, formally known as Aluminium Corporation of China Limited, said its primary aluminium production in the first half of 2019 came in at 1.89 million tonnes, down 8 per cent from 2.06 million tonnes in the same period last year, according to Reuters report. Decline in aluminium prices and rise...
According to Reuters report, the net profit of Aluminium Corporation of China Limited, popularly known as Chalco, fell by 14.1 per cent year-on-year in the first half of 2019, attributing to higher costs that offset an increase in revenue. As per the report, Chalco’s net income came in at RMB 705.8...
Alumina or aluminium oxide (Al2O3) is the key raw material for producing aluminium. Due to the exponential growth of the aluminium industry in last two decades and the significance of alumina in the upstream value chain, aluminium producers are building their own refineries and expanding the...
Shanghai Metals Market found that the prices of aluminium fluoride across Chinese markets inched up in June, backed by the suspension of fluoride mining in Inner Mongolia that buoyed the prices of raw material used in producing aluminium fluoride. AF-1 aluminium fluoride was quoted above RMB 10,000...
China’s Rizhao Port Group is reportedly chosen by Aluminium Corporation of China (Chalco) as the operator of the Boffa Port project in Guinea. The Boffa Port, part of the Boffa bauxite project, has a capacity of handling 12 million tonnes of bauxite per year. The port is expected to commence its...
Though there is a fear of alumina shortage in China due to environmental checks, Chalco or Aluminum Corp of China Ltd will increase its alumina import alumina only if the international prices are low enough compared to domestic alumina. A company executive from its trading unit said this on...
Aluminum Corporation of China Limited (CHALCO) announced that its net profit stood at RMB444.9 million in the first quarter of 2019, up 46 per cent from RMB304.5 million in the first quarter of 2018, as aluminium prices stabilised and asset disposals swelled its bottom line. Revenue for...
Chinese state-run shipping giant Cosco has reportedly signed a contract to construct up to ten 210,000 dwt newcastlemax bulkers to support its long-term shipping project with Aluminium Corporation of China (Chalco). This order, consisted of eight firm vessels and two optional vessels, is Cosco’s...
Aluminium Corporation of China Limited (Chalco), the listed arm of China’s biggest state-run aluminium firm Chinalco, reported that it recorded a net loss of RMB 626.1 million ($92.92 million) in the fourth quarter of 2018. According to Refinitiv Eikon data, the company faced the first quarterly...
Aluminium Corporation of China Limited’s (Chalco) 2018 annual aluminium production has reportedly recorded a growth of 16 per cent to come in at 4.17 million tonnes. The news came after the state-run company formally announced in a presentation to analysts reviewed by Reuters on March 29. After...
According to Shanghai Metals Market, east China on Monday, March 4, saw brisk trading in spot aluminium market as high purchasing prices offered by aluminium giant Chalco fuelled trading enthusiasm. Spot deals were mostly found at RMB 13,610 per tonne to RMB 13,630 per tonne in Shanghai, up over...
Shanghai Metals Market found brisk spot aluminium trading in east China this morning, February 27, as the state-owned Aluminium Corporation of China (Chalco) made purchases close to 10,000 tonnes. In south China, Chalco purchased over 5,000 tonnes. In Shanghai, Wuxi, and Hangzhou, spot deals were...
According to Shanghai Metals Market, spot aluminium sellers and buyers in east China were locked in stalemate this morning, February 26, as bullish outlooks led sellers hold their offers firm and high prices sidelined buyers. In Shanghai and Wuxi, spot deals mostly occurred at RMB 13,590 per tonne...
According to Shanghai Metals Market, the A00 aluminium ingot price records a rise yet again on February 21, 2019, Shanghai Metals Market found. From RMB 13,390 per tonne, as of February 20, the price today has increased by RMB 40 per tonne to RMB 13,430 per tonne. With this rise today, the A00...
Spot aluminium trades weakened across east-China markets on Wednesday, February 20, as prices of aluminium increased. Spot deals mostly occurred at RMB13,380 to RMB13,390 per tonne in Shanghai and Wuxi, and at RMB13,380 per tonne to RMB13,400 per tonne in Hangzhou, Shanghai Metals Market research...
Shanghai Metals Market found enthusiastic sentiment across spot aluminium traders on Tuesday morning, February 19, in east China markets, as downstream consumers returned normal production and aluminium prices declined after four consecutive days of rising. Thus, the trades were brisk. Spot deals...
According to Shanghai Metals Market, large purchases among downstream consumers today, on February 13, have bolstered further improvements in spot aluminium transactions across east and south China markets. This could be possible as many downstream consumers have resumed work from the Chinese New...
