Chalco

Though Chalco’s Production Fell In Q1, Profits Rose By 46 Percent

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 percent on the year. Per a data sheet sent to analysts earlier this week, Chalco smelted 950 thousand metric tons of primary...

Events

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 […]

Chalco Breaks Ground On Boffa Bauxite Project In Guinea

State-run smelter Aluminum Corp of China (Chalco) announced yesterday the start of construction at its Boffa bauxite project in Guinea. Reuters reported Monday that the company released a statement saying that a groundbreaking ceremony took place this weekend at the site. No further details were available at press time. Earlier this year Chalco said production […]