Chalco

Fall In Alumina Prices Prompts Chalco To Cut Refining Capacity By 770k MT in Shanxi

Fall In Alumina Prices Prompts Chalco To Cut Refining Capacity By 770k MT in Shanxi

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...

Events

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) […]

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 […]

Chalco’s Guinea Bauxite Project to Begin Production Within Months

Aluminum Corporation of China Limited (Chalco) said late last week that it anticipates producing bauxite ore at its project in Guinea either later this year or early next year. “It is predicted that at the end of this year or the beginning of next year we will launch,” explained Chalco senior vice president Lu Dongliang. […]

China to Loan Guinea US$20 Billion for Access to Bauxite Reserves

The Republic of Guinea will be the recipient of a US$20 billion loan from the People’s Republic of China in exchange for concessions on its significant bauxite ore reserves. According to reporting yesterday by Reuters, the loan will be disbursed over twenty years. The loan will be guaranteed by in-country projects 125 miles northeast of […]