Aluminum 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

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), […]

China’s Aluminium and Alumina Operations Spared By Typhoon Mangkhut

Aluminium smelters and alumina refineries have thus far been spared the ravages of Typhoon Mangkhut according to sources on the ground in southern China. Sources who spoke to Platts over the weekend confirmed only minor inconveniences to operations in the area. “Maybe deliveries on the roads have been slightly affected, but nothing has impacted production […]

Fall In Alumina Prices Prompts Chalco To Cut Refining Capacity By 770k MT in Shanxi

State-run smelter Aluminum Corp of China (Chalco) announced to the Hong Kong stock exchange on Thursday that high bauxite prices and low alumina prices have forced it to curtail alumina production on certain production lines in Shanxi. Terming the move as instituting “flexible” production status, the firm indicated that around 770 thousand metric tons per […]