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...
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...
The Aluminum Corp of China Ltd. (Chalco) reported results for the first half of the year on Wednesday. The firm’s...
Despite growing downward pressure on the industry and evaporating profit margins, Aluminum Corporation of China (Chinalco) reported a record high...
Thanks to recently weak prices, Aluminum Corp of China Ltd. (Chalco) reported a drop in first-quarter aluminium production of 6.9...
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$ […]
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 […]
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 […]
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 […]
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 […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...