Tepid Aluminium Market Translates To 14 Percent Drop In Chalco’s First Half Net Profit
The Aluminum Corp of China Ltd. (Chalco) reported results for the first half of the year on Wednesday. The firm’s...
Chalco
First Shipment By Chalco Of Bauxite From Guinea Mine Scheduled For Early December
Aluminum Corp of China Ltd (Chalco) said earlier this week that it has queued up its inaugural bauxite ore shipment from Guinea by early next month. “The mining operation has already started and the first output will be shipped to China at...
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...
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...
Events
Alumina Market Update: Surplus Of Alumina, Lower Prices Expected In 2019
2018 was a turbulent year for both the alumina market and the price, signified by the fact that spot price indexes remained above historic averages for most of the year. 2019, however, has brought calm and stability. The alumina price (both spot and fob) has been trading in the range of US$ 390/t and US$ […]
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 […]
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 […]
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 ...
