Tepid Aluminium Market Translates To 14 Percent Drop In Chalco’s First Half Net Profit

Tepid Aluminium Market Translates To 14 Percent Drop In Chalco’s First Half Net Profit

The Aluminum Corp of China Ltd. (Chalco) reported results for the first half of the year on Wednesday. The firm’s bottom line suffered from a weak domestic market for aluminium in the first six months. The year’s first half saw Chalco smelt...


China Zhongwang Reports 38.3 Percent Jump In Revenue During 2019’s Opening Half

Chinese aluminium extruder China Zhongwang released results for the first six months of 2019 late last week. The firm’s first-half numbers rose across the board thanks to a focus upon value-added aluminium products. In the opening half of 2019 Zhongwang reported a 63.7-percent rise in sales volumes on the year, from 325,096 metric tons to […]

Aluminium Association of Canada Lauds Move To Limit Aluminiun Transshipment

Canada’s aluminium industry is applauding Ottawa for its recent announcement that aluminium will be added to the government’s Import Control List system. In a statement released last week by the Aluminium Association of Canada, the organization praised the Canadian government’s use of the Export and Import Permits Act to help safeguard the dominion’s producers from […]

Beijing Raises Tariff On U.S. Imported Aluminium Scrap By 5 Percent

The stakes have risen in the escalating trade war between the governments of the United States and the People’s Republic of China, as Beijing revealed late Friday that tariffs upon aluminium scrap and copper scrap imported from American sellers will increase by 5 percent in December. A list of retaliatory tariffs published by the Ministry […]

Qinghai Provincial Misses Second Payment This Year On 2020 Dollar Bond

China’s state-owned aluminium producer Qinghai Provincial Investment Group Co. failed to make a scheduled coupon payment on a dollar bond this week, and analysts say the missed payment may be a sign that the firm’s recent debt restructuring has not made its financial situation any better. According to financial media, Qinghai Provincial failed to wire […]