Aluminium Corporation Of China Voluntarily Delists From NYSE In Accounting Row
The world’s second-largest producer of alumina is one of several state-owned companies from the People’s Republic of China that has...
Aluminium Corp. of China
Chalco Chair Liu Jianping Resigns Two Years Into Tenure
China’s biggest aluminium producer underwent a major leadership shakeup last week after its chairman resigned amid an investigation into the company’s contractual deals. Liu Jianping resigned as chairman of Aluminium Corporation of China (Chalco) on Wednesday, saying that the move is a...
Bauxite Production Continues In Guinea After Military Coup
A coup that ousted Guinean president Alpha Conde has resulted in a spike in bauxite prices to an 18-month high,...
Chalco To Open Second Line At Huasheng Alumina Refinery
According to a market source claiming knowledge of the matter, Aluminum Corp of China (Chalco) is planning to start a...
Events
Chinalco Subsidiary Cited By Government For “Chaotic” Environmental Management In Guangxi
A subsidiary of Aluminium Corp of China (Chinalco) was charged last week with repeatedly violating environmental regulations at a plant in Guangxi. China’s Ministry of Ecology and Environment (MEE) indicated that a government inspection team at the site this month discovered subsidiary Guangxi Nonferrous Rare Earth Development Co Ltd had committed serious violations that led […]
Chalco Ships First Bauxite From Boffa Mines In Guinea
Aluminum Corp of China Ltd (Chalco) earlier this week commenced the first shipment of its inaugural batch of bauxite ore from mines in the West African country of Guinea. According to a Chinese ship-tracking website, the first 55 thousand metric tons of bauxite from the project left port on Sunday secured in the cargo holds […]
First Shipment By Chalco Of Bauxite From Guinea Mine Scheduled For Early December
Aluminum Corp of China Ltd (Chalco) said earlier this week that it has queued up its inaugural bauxite ore shipment from Guinea by early next month. “The mining operation has already started and the first output will be shipped to China at the beginning of December,” said Chen Qi, deputy general manager of Chinalco, to […]
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 1.89 million metric tons of primary aluminium, which was a drop of over […]
Price, Not Shortages, Will Determine Chalco’s Desire To Import Alumina
Despite shortages in the country’s northern reaches, the Aluminum Corp of China Ltd (Chalco) is not planning to increase imports of alumina unless and until prices reach a commercially-justifiable level. Such was the message conveyed by a company representative earlier this week. Commenting to Reuters at the Shanghai Derivatives Market Forum on Tuesday, the deputy […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
