Chalco

Anemic Domestic Aluminium Market Forces Chalco To Slash 470,000 MTPA Of Smelting Capacity

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 on Friday that it is cutting production at certain northern smelters. In an announcement posted to the Shanghai Stock Exchange, Chalco declared...

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Events

Chinalco Inks Partnership With Yunnan Aluminium for Access to 1.6 MTPA Smelting Capacity

Chinalco Inks Partnership With Yunnan Aluminium for Access to 1.6 MTPA Smelting Capacity

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 […]

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Chalco Announces US$164 MM Investment in Guinea’s Boffa Bauxite Mine

Chalco Announces US$164 MM Investment in Guinea’s Boffa Bauxite Mine

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 […]

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Chalco to Ship Up To 50,000 Tonnes of Alumina Overseas By Month’s End: Lu Dongliang

Chalco to Ship Up To 50,000 Tonnes of Alumina Overseas By Month’s End: Lu Dongliang

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 […]

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Rusal Crisis Teases Out Alumina Exports of Up To 500k Tonnes from China

Rusal Crisis Teases Out Alumina Exports of Up To 500k Tonnes from China

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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Aluminium Price Drop Sinks Chalco Profits by 19.4 Percent in Q1

Aluminium Price Drop Sinks Chalco Profits by 19.4 Percent in Q1

Aluminum Corp of China Ltd (Chalco) released first-quarter results on Monday, turning in a net profit in the quarter lower by 19.4 percent from the previous year. For the just-ended quarter China’s biggest state-run aluminium smelter recorded CNY308.6 million in net profits, off from adjusted net profits of CNY382.9 million in the first quarter of […]

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