Aluminum Corp of China Ltd (Chalco)

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...

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Chinalco Reports 31.8 Percent Jump In Revenue For 2019’s Opening Half

Despite growing downward pressure on the industry and evaporating profit margins, Aluminum Corporation of China (Chinalco) reported a record high in revenue for the first half of the year yesterday. According to state-run media, Chinalco recorded CNY170 billion (US$24.7 billion) in revenue for the opening six months of 2019, good for an increase of 31.8 […]

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 […]

Though Chalco’s Production Fell In Q1, Profits Rose By 46 Percent

Thanks to recently weak prices, Aluminum Corp of China Ltd. (Chalco) reported a drop in first-quarter aluminium production of 6.9 percent on the year. Per a data sheet sent to analysts earlier this week, Chalco smelted 950 thousand metric tons of primary aluminium in the opening three months of the year, off from last year’s […]