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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Aluminium prices in China are range bound today on the announcement by VC of the National Development and Reform Commission (NDRC) that China will continue to cut aluminium capacity in 2018. Since, no specific policy was announced; SMM observes market fundamentals to have more impact on the price...
Spot alumina prices in China are showing restraint as reports from SMM shows a drop in alumina production month on month, as December output drops from that in November. As reported by SMM, average spot alumina price in China increased slightly to stand at RMB 2866/t today. Alumina prices have not...
Both alumina and aluminium prices are on a downward trend after actual winter cuts have started in China. As updated by Shanghai Metals Market, average spot alumina price in China stands at RMB 3558/t on November 20, a further drop from RMB 3593/t on November 17. SMM expects the spot prices to stay...
The growing demand for bauxite in China is driving domestic integrated aluminium producers to explore opportunities outside China to invest in projects to extract the valuable raw material. A representative from Chalco, a unit of China's biggest state-run firm, Chinalco, said on Thursday that the...
Spot Alumina prices are on a downward curve after staying flat since the last week of October, following downtrend in aluminium. As updated by Shanghai Metals Market, average spot alumina price in China has dropped from RMB 3719/t on November 10 to RMB 3701/per tonne on November 13. SMM expects the...
Chinese aluminium giant Chalco announced an increase in net profit and revenue in the first nine months of 2017. The company’s net profit jumped more than tenfold year-on-year on higher aluminium prices. According to news published by Reuters, Chalco posted 1.36 billion yuan ($205 million) in...
On Oct.13th, Binzhou City, Shandong Province has issued a Notice on Plan of 2017-2018 Industrial Enterprises’ Stagger Production. According to the plan estimate, alumina output in China will reduce by 1.93 million tonnes during heating season. In the meantime, Shanghai Metals Market Statistics...
Yunnan province’s aluminium production data has been released by Yunnan Industry Information Commission. The province aluminium production stood at 108,600 tonnes in July. Yunnan produced 748,200 tonnes of aluminium during January-July. Yunnan has aluminium smelting capacity of about 1.7 million...
On the back of tightness in the supply of calcined coke and rising prebaked anode price, Xinjiang Qiya Aluminum & Electricity Co. has announced building of a captive prebaked anode project to feed its own plant. The project involves an investment of 20 million yuan and would have an annual capacity...
<p>Southwest Aluminum Co. posted an increase in its exports of aluminium processed products in January-July 2017. The exports grew 54 per cent year-on-year during the mentioned period, reported by Shanghai Metals Market.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
<p>Ao Hong, president of Chalco, said on Friday, that the company’s primary aluminium production increased in the first six months of this year. He said that the increased production was due to capacity curtailments by private rivals, reported by Reuters.</p> <p>Chalco’s...
<p>On Thursday, August 17, Aluminum Corp of China Limited (Chalco) announced the results for the first half of 2017. The company’s profit jumped more than tenfold year-on-year in H1 2017.</p> <p style="text-align: left;"><img style="vertical-align: middle; display: block; margin-left:...
<p>The mines minister of Guinea revealed that China’s Aluminium Corp of China (Chalco) has formed an intention to invest huge amount of money in bauxite project in Guinea. Chalco will spend $500 million for production of bauxite in the country from 2018, according to a report from...
<p>China Aluminum International Trading Co. (Chalco Trading) has further cut aluminium prices it offered in China’s major markets today.</p> <p>Unit: RMB/tonne</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>Despite massive production cuts in July, China still has surplus aluminium in the market due to poor domestic consumption. SMM feels the oversupply will persist and aluminium stocks will continue growing in the long term due to new capacity that would be coming online in future.</p> <p...
<p>SMM statistics showed that China’s aluminium production had a sharp rise in July compared with a year ago. China produced 3.12 million tonnes of aluminium in July, up 16.5% YoY, and 21.42 million tonnes of aluminium during the first seven months of this year, up 20.9% from the same...
<p>China Aluminum International Trading Co. (Chalco Trading) has increased aluminium prices it offered in China’s major markets today by more than 300 RMB/tonne.</p> <p>Unit: RMB/tonne</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
<p>Chalco has decided that they will no longer proceed with the alumina project at Huangha Port in Cangzhou city. The project with 2 million tonnes of annual capacity will be cancelled as a result of environmental protection consideration, Shanghai Metals Market reported.</p> <p><img...
