Bauxite Production Continues In Guinea After Military Coup
A coup that ousted Guinean president Alpha Conde has resulted in a spike in bauxite prices to an 18-month high,...
Chalco
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...
Aluminium Price Spike At Shanghai Exchange Prompts CNIA Meeting
Citing an “irrational surge” in aluminium prices, the China Nonferrous Metals Industry Association (CNIA) met earlier this week to discuss...
Chalco’s Strong Bottom Line In 2021’s First Half Due To Aluminium Price Recovery
Aluminum Corp of China Ltd (Chalco) turned in its best half year profit in fourteen years last week even after...
Events
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 year. Over CNY1.4 billion in impairment charges dropped the firm’s income to a […]
Chalco Moves 135 Thousand MTPA To Yunnan Aluminium
State-owned aluminium firm Aluminum Corp of China Ltd (Chalco) is moving an additional 135 thousand metric tons per annum of aluminium smelting production to its co-affiliate Yunnan Aluminium, the company announced yesterday. This is but the latest in a mass migration to the area, where hydropower is cheap and abundant. Both Chalco and Yunnan Aluminium […]
Chalco’s First-Half Aluminium Production Falls Behind Rusal To 1.86 MMT
Aluminum Corp of China Ltd (Chalco) struggled in the opening half of 2020, as profits fell by 95 percent and its aluminium production fell behind its Russian rival Rusal during the year’s first six months. For the first half of 2020, Chalco smelted 1.86 million metric tons of primary aluminium, off by 30 thousand metric […]
Chalco Soon To Ship First Bauxite Ore From Guinea Project
Aluminum Corporation of China Ltd (Chalco) said late last month that it has begun preparing the first shipment from its bauxite operations in Guinea to China via ocean-going vessel. In a statement given to domestic media, Chalco said the initial shipment would soon arrive at the Fangchenggang port in Guangxi, but the firm did not […]
Chalco Cutting Alumina Production Rate By A Tenth In “Flexible Production” Measures
The world’s leading producer of alumina said on Thursday that it is entering “flexible production” that will translate into curtailing overall production by a tenth going forward. Aluminum Corp of China Ltd (Chalco) indicated that cuts would be allocated across three alumina production lines at Shanxi Huaxing and Shanxi New Material in China’s northern reaches. […]
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 ...
