Anemic Domestic Aluminium Market Forces Chalco To Slash 470,000 MTPA Of Smelting Capacity
With ever-sagging domestic prices for the metal as a backdrop, Chinese state-owned smelter Aluminum Corp of China Ltd (Chalco) announced...
With ever-sagging domestic prices for the metal as a backdrop, Chinese state-owned smelter Aluminum Corp of China Ltd (Chalco) announced...
According to sources who spoke to the Wall Street Journal late last week, China COSCO Shipping is in the market...
State-run smelter Aluminum Corp of China (Chalco) announced yesterday the start of construction at its Boffa bauxite project in Guinea....
State-run smelter Aluminum Corp of China (Chalco) announced to the Hong Kong stock exchange on Thursday that high bauxite prices and low alumina prices have forced it to curtail alumina production on certain production lines in Shanxi. Terming the move as instituting “flexible” production status, the firm indicated that around 770 thousand metric tons per […]
A partnership announced yesterday by Yunnan Aluminium between Aluminum Corp of China (Chinalco) and Yunnan Metallurgical Group will see the emergence of a new Chinalco with greater access to the significant hydropower resources of Yunnan province. Per an agreement signed in Kunming on Sunday, Yunnan Metallurgical Group, owner of Yunnan Aluminum Co Ltd., is to […]
Aluminum Corp. of China (Chalco) announced late last week a plan to invest US$164 million in a bauxite ore mine in Guinea. Domestic media reported yesterday the plan to invest in the Boffa bauxite project, which is the site of an estimated 736 million metric tons of bauxite reserves. Chalco says this investment will be […]
A rise in alumina prices over the past several months thanks to United States sanctions of Rusal and outages at Alunorte has prompted Aluminum Corp of China Ltd (Chalco) to take the unusual step of selling the aluminium precursor to buyers abroad. “We ourselves have 30,000-50,000 tonnes (of alumina exports this month),” revealed Chalco’s president […]
Due to sanctions placed by the United States government upon Rusal and the resulting scarcity of it, alumina refiners in the People’s Republic of China have begun shipments of the material to overseas buyers in loads of up to 500 thousand metric tons. According to sources who spoke to Reuters, Aluminum Corp of China (Chalco) […]
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