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...
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...
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...
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) […]
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 […]
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 ...