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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The Aluminium Corp of China (Chalco) announced on Wednesday, January 30, that it was implementing “flexible production” on about 200,000 tonnes per year of capacity at its Shandong Huayu facility. High electricity tariffs, environmental restrictions, and market environment are some of the factors...
The dollar strengthened on Friday night, as markets awaited the outcome of talks between the leaders of the world's two biggest economies at the G-20 summit. Chinese President Xi Jinping and US President Donald Trump agreed to a temporarily pause an escalating trade war. A White House statement...
Headquartered in Beijing, Aluminium Corp of China Ltd., also known as Chalco, is reportedly reducing output on some of its aluminium production lines in northern China because of Chinese aluminium price plunge to a two-year low, announced the company itself on Friday, November 30. Shanghai...
Shanghai Metals Market research found that further decline in aluminium futures prices today, on November 28, for the third day this week led to a wait-and-watch stance among downstream consumers in the east-China spot aluminium market. The SHFE 1812 contract dipped in morning trade while spot...
Aluminum Corporation of China Limited (Chalco), the Shanghai-listed arm of China Aluminum Group, has announced on November 21 that it would join the bidding to buy 50% stake in Shanxi Huaxing Aluminum Co. The company intends to buy back the shares from the state-owned Baotou Transportation...
Alufer Mining of Guinea has delivered its first Capesize shipment of bauxite with a volume of 203,009 tonnes, to the Port of Qingdao, in China. Alufer is an independent mineral exploration and development company with significant bauxite assets in the Republic of Guinea. The bauxite will then be...
China’s exports of alumina last month were roughly equal to September’s bumper volumes, the president of Aluminum Corp of China Ltd , said on Wednesday. “I estimate that October was more or less the same as September,” Lu Dongliang told Reuters on the sidelines of a signing ceremony at the China...
Aluminium Corporation of China Limited, known as Chalco, officially announced on its website on Monday, October 29, that it started the construction work of its Boffa bauxite mine in Guinea. According to the Reuters report, the company held the groundbreaking ceremony on Sunday, October 28, at...
Alumina producers, including South 32 and Alumina Limited, on Thursday, October 4, reportedly experienced a sharp rise in shares post Norsk Hydro’s announcement of production shut at the world’s biggest alumina refinery Alunorte. Shares in Alumina Ltd rose as much as 11 percent on Thursday, October...
Chinese alumina producers Aluminium Corporation of China and Luoyang Heungkong Wanji Aluminium Co Ltd have announced major alumina production cuts in the provinces of Shanxi and Henan respectively. Shanxi province is China’s second biggest alumina producing province. Reuters reported that Luoyang...
According to the report by Reuters, Aluminium Corp of China (Chalco) has signed an agreement with Guinea government, on June 8 in Conakry, to develop the Boffa bauxite project in the west of the country. According to the agreement signed, Chalco Guinea Company would be granted mining licenses for...
China’s Aluminium Corp of China (Chalco) said in an exchange filing that its Hong Kong unit will invest up to $163.8 million in the Boffa bauxite project in Guinea, which has a total cost of $706 million. The board has approved the investment and the final decision awaits shareholders’ review and...
Aluminium Corporation of China Limited (Chalco) targets to export 30,000-50,000 tonnes of alumina in May, company’s president reported to Reuters on Thursday, May 17, 2018. Lu Dongliang, the vice president of Chalco also confirmed the news while speaking on the sidelines of the LME Asia Week...
Chinese aluminium giant Chalco reported a 19.4 per cent drop in the first quarter net profit due to lower aluminium prices. The company’s net profit declined to 308.6 million yuan ($48.94 million) in the first three months of 2018 as against 382.9 million yuan in the corresponding period last year....
Chinese aluminium giant Chalco increased net profit by 274 percent in 2017 compared to last year mainly due to higher aluminium prices. The company posted net income of 1.38 billion yuan in 2017, from net profit of 368.4 million yuan in 2016. The company said in a filing to the Shanghai stock...
2017 was a year of significant change for the global aluminium market. The Chinese government initiated its aluminium supply-side reform policy, which we expect will limit long run primary capacity growth in China. The year also saw barriers to Chinese exports rise, particularly in the US. Limited...
As reported by SMM, China Customs data shows China's imports of alumina in January fell for three consecutive months and touched a new low of 74,000 tonne since August 2017. This is down 48.6% month on month and 72.3% year on year. Higher imported alumina prices in comparison to domestic producers...
China metals lost ground on Wednesday as looming U.S. trade tensions overshadowed data that showed February semi—finished aluminium exports surged at the fastest pace in three years in China. Average A00 Aluminum Ingot prices dropped to RMB 13,910 per tonne today. The prices are expected to range...
