Chalco

Chalco’s Guinea Bauxite Project to Begin Production Within Months

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...

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Events

Aluminium Wrap – CRU’s 22nd World Aluminium Conference

Aluminium Wrap – CRU’s 22nd World Aluminium Conference

CRU Group held its 22nd World Aluminium Conference in London between May 3-5. The event has long been among the premier events on the commodities calendar, and 2017 was no exception. This year’s focus was sustainability in the aluminium industry, investigating the delicate but important interplay between economic and environmental considerations, the effect of such […]

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China Committed to Aluminium Capacity Cuts: Chalco’s Lu

China Committed to Aluminium Capacity Cuts: Chalco’s Lu

Aluminum Corporation of China Limited (Chalco) told CRU’s 22nd World Aluminium Conference that the People’s Republic of China is determined to rein in aluminium production in over two dozen Chinese cities this winter. Chalco’s senior vice president Lu Dongliang told the conference that Beijing is staying the course in compelling aluminium producers in 28 of […]

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Chalco’s Net Profit Doubles Thanks to Improved Aluminium Market

Chalco’s Net Profit Doubles Thanks to Improved Aluminium Market

State-owned aluminium producer Aluminum Corporation of China Ltd. (Chalco) released its annual report for fiscal year 2016 yesterday. The year witnessed a doubling in profit for the firm due in part to a rebound in aluminium prices and a drop in production costs. Chalco recorded a net profit of CNY402 million (USD58.5 million), which was […]

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Massive Debt Forces Chinese Firm to Idle Smelter, Refinery in Shandong

Massive Debt Forces Chinese Firm to Idle Smelter, Refinery in Shandong

According to Aladdiny, a Chinese information provider, Shandong Qixing Group Co., Ltd. suspended operations of its 130-thousand-metric-ton-per-annum aluminium smelter and is planning to stop production at its 500-thousand-metric-ton-per-annum alumina refinery due to the firm’s substantial debt burden. The report went on to say that the company might consider re-starting production in six months should the […]

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Chalco to Privatize Chinalco Mining Corporation

Chalco to Privatize Chinalco Mining Corporation

Days after a similar announcement by China Xingfa, state-owned Aluminium Corporation of China (Chalco) filed plans with the Hong Kong Stock Exchange proposing to privatize its subsidiary Chinalco Mining Corporation International (CMC). Chalco is offering HK$1.39 per share, which is roughly one third above the stock’s recent price. The firm suspended trading on September 15, […]

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