Chalco

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...

Events

Tepid Trading Picks Up On China’s Spot Aluminium Market After Spring Festival Break

Though initially struggling after the just-ended Spring Festival break, trading on the People’s Republic of China’s spot aluminium market is beginning to quicken after a substantial purchase earlier this week. Coming off one of China’s two “golden week” breaks, trading on the domestic spot market was slow on Monday, with downstream consumers still absent from […]

Chalco Shutters Production At Shandong Huayu Aluminium Smelter

Blaming the rising cost of electricity in the province, Aluminum Corp of China (Chalco) announced on Wednesday that it is ending aluminium production at its smelter in Shandong. Chalco said in a statement issued to the Shanghai and Hong Kong stock exchanges that it is implementing “flexible production” at the Shandong Huayu smelter due to […]

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 […]

COSCO Shopping For 25 New Ore Carriers To Transport Bauxite From Guinea

According to sources who spoke to the Wall Street Journal late last week, China COSCO Shipping is in the market for over two dozen new ore-shipping vessels intended for transporting bauxite ore from Guinean ports to China for use in feeding Aluminium Corp. of China (Chalco) aluminium smelters. Per the sources, who spoke on condition […]