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Top Stories

Chalco

Aluminium producers see fiscal gains as Middle East crisis and China’s capacity cap fuel price rally
Primary AL
A supply shock in West Asia is reshaping the global aluminium market. Disruptions to smelters, shipping routes and regional energy supplies have tightened aluminium availability and pushed London Metal Exchange prices to a four-year high, bringing the market closer to the USD 4,000-per-tonne threshold. The disruption comes at a time when the global aluminium market has averaged a supply deficit of less than 0.5 million tonnes over the past five years. Also, the 45 million tonne cap on China's ...
Chalco clears third unlocking phase under 2021 restricted share incentive plan
Primary AL
Aluminum Corporation of China (Chalco) has confirmed that the conditions for the third unlocking period of restricted A shares issued under its 2021 restricted share incentive plan have been met. The company said the latest unlocking follows a series of earlier adjustments made to the scheme, including the repurchase and cancellation of restricted shares that did not meet vesting requirements. Previous rounds of share unlockings and listings have also been completed as part of the programme. ...

Alumina
Aluminum Corporation of China (CHALCO), through its Hong Kong-listed Unit, and its partnering mining company and port company have signed an agreement to amend and restart the Mining Convention with the Guinean Government. It paves the way for the creation of a dedicated project company that will oversee the development and operations of the Guinean Alumina Project linked to the country’s Boffa bauxite reserves. The agreement formally recognises Guinea’s right to acquire additional equity in ...
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