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...
Aluminum Corporation of China Limited
Anemic Domestic Aluminium Market Forces Chalco To Slash 470,000 MTPA Of Smelting Capacity
With ever-sagging domestic prices for the metal as a backdrop, Chinese state-owned smelter Aluminum Corp of China Ltd (Chalco) announced on Friday that it is cutting production at certain northern smelters. In an announcement posted to the Shanghai Stock Exchange, Chalco declared...
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...
Aluminium Price Drop Sinks Chalco Profits by 19.4 Percent in Q1
Aluminum Corp of China Ltd (Chalco) released first-quarter results on Monday, turning in a net profit in the quarter lower...
Events
Shanxi Government Hopes to Entice Aluminium Smelting Capacity with Preferred Access to Bauxite Resources
The government of one of the People’s Republic of China’s northern provinces announced earlier this week that it would be willing to barter choice cuts of its bauxite stores for companies that move aluminium smelting capacity to the area. Aluminum Corp of China (Chinalco), Shandong Xinfa Aluminium Group, and Xinjiang East Hope Ferrous Metals Co., […]
Chalco’s Guinea Bauxite Project to Begin Production Within Months
Aluminum Corporation of China Limited (Chalco) said late last week that it anticipates producing bauxite ore at its project in Guinea either later this year or early next year. “It is predicted that at the end of this year or the beginning of next year we will launch,” explained Chalco senior vice president Lu Dongliang. […]
China to Loan Guinea US$20 Billion for Access to Bauxite Reserves
The Republic of Guinea will be the recipient of a US$20 billion loan from the People’s Republic of China in exchange for concessions on its significant bauxite ore reserves. According to reporting yesterday by Reuters, the loan will be disbursed over twenty years. The loan will be guaranteed by in-country projects 125 miles northeast of […]
Chalco to Invest in US$500 Million Bauxite Project in Guinea
The government of the Republic of Guinea announced earlier this week that the People’s Republic of China’s Aluminum Corporation of China Limited (Chalco) will be investing US$500 million in a bauxite ore project in the country. The Guinean government secured the deal after a visit to Beijing by Guinea’s mines minister Abdoulaye Magassouba. It is […]
Enforcement Against Illegal Aluminium Smelters Planned for This Week in Xinjiang
Aluminium prices in the People’s Republic of China are up thanks to indications from the Xinjiang Uyghur Autonomous Region that a long-promised crackdown on illegal smelting capacity is underway. According to a document obtained by Bloomberg, local governments will begin checks this week on smelters built since the spring of 2013 that are in violation […]
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 ...
