Aluminum Corp of China (Chalco)

China’s Aluminium Production in December Up by 15.3 Percent From Previous Month

China’s Aluminium Production in December Up by 15.3 Percent From Previous Month

The People’s Republic of China’s aluminium production came roaring back in December to levels not seen since early summer according to numbers released by the government on Thursday. China’s National Bureau of Statistics (NBS) revealed that the Middle Kingdom produced 2.71 million...

Events

China Committed to Aluminium Capacity Cuts: Chalco’s Lu

Aluminum Corporation of China Limited (Chalco) told CRU’s 22nd World Aluminium Conference that the People’s Republic of China is determined to rein in aluminium production in over two dozen Chinese cities this winter. Chalco’s senior vice president Lu Dongliang told the conference that Beijing is staying the course in compelling aluminium producers in 28 of […]

Chalco’s Net Profit Doubles Thanks to Improved Aluminium Market

State-owned aluminium producer Aluminum Corporation of China Ltd. (Chalco) released its annual report for fiscal year 2016 yesterday. The year witnessed a doubling in profit for the firm due in part to a rebound in aluminium prices and a drop in production costs. Chalco recorded a net profit of CNY402 million (USD58.5 million), which was […]

Massive Debt Forces Chinese Firm to Idle Smelter, Refinery in Shandong

According to Aladdiny, a Chinese information provider, Shandong Qixing Group Co., Ltd. suspended operations of its 130-thousand-metric-ton-per-annum aluminium smelter and is planning to stop production at its 500-thousand-metric-ton-per-annum alumina refinery due to the firm’s substantial debt burden. The report went on to say that the company might consider re-starting production in six months should the […]

Chalco’s First-Half Results Up Thanks to Bump in Global Aluminium Prices

State-backed Aluminum Corporation of China Ltd (Chalco) published results for the first half of 2016 on Thursday. The firm posted an increase in profits thanks to a modest recovery in the global aluminium market. The firm posted a net profit of US$8.62 million in the first six months of the year, which is a significant […]

Chalco Enters Into Gold-Leasing Contract with Bank of Communications

State-owned Aluminum Corp of China threw the metals market for a loop when they announced that they have entered into a US$460 million batch of gold leasing contracts. This latest announcement apparently lays bare the financial difficulties the aluminium supplier is now experiencing in the aluminium market it once helped to flood. This latest deal […]