China

Chalco’s Net Income Falls By Over 13 Percent In 2020

Chalco’s Net Income Falls By Over 13 Percent In 2020

State-run Aluminum Corp of China Ltd released financial results for 2020 earlier this week, posting the lowest annual profit since 2016. According to a filing by the firm, Chalco’s net income totaled CNY741 million last year, down by 13.1 percent on the...

Events

Baowu Constructing US$1.07 Billion Aluminium Alloy Plant In Henan

The biggest steel producer in the People’s Republic of China has begun a project in Henan to produce aluminium alloy commercially. Baowu Steel Group said on Sunday that the project began in February 2019. It will represent an investment of US$1.07 billion, and the first phase will yield a plant with a yearly production of […]

SPIC Promises Peak Carbon Emissions By 2023

Chinese electricity and aluminium producer State Power Investment Corp (SPIC) said last week it is aiming to achieve peak carbon emissions by 2023, which is well ahead of the country’s deadline in 2030. “Based on preliminary estimates, SPIC will reach the peak carbon emission in China by 2023 and will contribute to global clean energy […]

China’s Economy Continues Strong Recovery In October, Boosting Aluminium Production

China’s economy continued to storm back from the depths in October, as factory outputs raced to meet rising retail sales in a better-than-expected recovery for the country’s economy. Per data from the National Statistics Bureau, industrial production rose by 6.9 percent on the year, similar to September’s rise and above experts’ expectations for the month. […]