aluminium corp of China Ltd

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...

Events

Tepid Trading Picks Up On China’s Spot Aluminium Market After Spring Festival Break

Though initially struggling after the just-ended Spring Festival break, trading on the People’s Republic of China’s spot aluminium market is beginning to quicken after a substantial purchase earlier this week. Coming off one of China’s two “golden week” breaks, trading on the domestic spot market was slow on Monday, with downstream consumers still absent from […]

Sources Say Chinese Aluminium Firms Meeting To Discuss Domestic Price And Demand Woes

A trio of sources claiming knowledge told Reuters yesterday that representatives from China Hongqiao Group, Aluminum Corp of China Ltd (Chalco), and other Chinese major aluminium producers will hold a meeting today to hash out the implications of falling prices and weak demand for the country’s aluminium sector. Per the unnamed sources, the China Nonferrous […]

Alufer’s First Shipment Of Guinean Bauxite Ore Arrives In China

Bauxite miner Alufer Mining Limited announced last week the safe arrival of the firm’s inaugural Capesize shipment of bauxite from its Bel Air Mine in Guinea to the port of Qingdao in the People’s Republic of China. The 203,009-metric-ton shipment was purchased by Chalco Shandong, a subsidiary of the Aluminium Company of China Limited (Chalco), […]

Chalco Announces US$164 MM Investment in Guinea’s Boffa Bauxite Mine

Aluminum Corp. of China (Chalco) announced late last week a plan to invest US$164 million in a bauxite ore mine in Guinea. Domestic media reported yesterday the plan to invest in the Boffa bauxite project, which is the site of an estimated 736 million metric tons of bauxite reserves. Chalco says this investment will be […]