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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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. […]

Chalco Ships First Bauxite From Boffa Mines In Guinea

Aluminum Corp of China Ltd (Chalco) earlier this week commenced the first shipment of its inaugural batch of bauxite ore from mines in the West African country of Guinea. According to a Chinese ship-tracking website, the first 55 thousand metric tons of bauxite from the project left port on Sunday secured in the cargo holds […]

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 […]