Aluminum Corporation of China Limited

Chalco Chair Liu Jianping Resigns Two Years Into Tenure

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...

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Events

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

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 […]

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Price, Not Shortages, Will Determine Chalco’s Desire To Import Alumina

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 […]

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

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 […]

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Chalco Passes Rusal As World’s Second-Biggest Aluminium Producer

Chalco Passes Rusal As World’s Second-Biggest Aluminium Producer

In a move that places it ahead of now-former second-place firm U.C. Rusal, the People’s Republic of China’s Aluminum Corp of China Ltd (Chalco) said on Friday that it bumped up total production by 18 percent over the course of last year, making it the second-most-prolific aluminium producer on Earth. Reporting from Reuters described a […]

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

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 […]

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