Chalco’s Strong Bottom Line In 2021’s First Half Due To Aluminium Price Recovery
Aluminum Corp of China Ltd (Chalco) turned in its best half year profit in fourteen years last week even after...
Yunnan Aluminium Company
Chalco Chair Liu Jianping Resigns Two Years Into Tenure
China’s biggest aluminium producer underwent a major leadership shakeup last week after its chairman resigned amid an investigation into the company’s contractual deals. Liu Jianping resigned as chairman of Aluminium Corporation of China (Chalco) on Wednesday, saying that the move is a...
Chalco Moves 135 Thousand MTPA To Yunnan Aluminium
State-owned aluminium firm Aluminum Corp of China Ltd (Chalco) is moving an additional 135 thousand metric tons per annum of...
China’s Primary Aluminium Production Jumps By 7.9 Percent In September
The People’s Republic of China saw a 7.9-percent rise on the year of primary aluminium last month, reaching a total...
Events
Yunnan Aluminum To Add 210 Thousand MTPA Of Smelting Capacity To Plant In Heqing County
China’s Yunnan Aluminum Co Ltd. announced last week plans to build a second phase consisting of 210 thousand metric tons per annum of smelting capacity at its plant in northwest Yunnan Province. On Thursday the company said its board of directors unanimously signed off on the move at the plant in Heqing County in southwest […]
Bauxite Imports To China Jump By Over 24 Percent In 2018
Stricter environmental standards and greater pressure on the black market led to a significant jump in bauxite imports to the People’s Republic of China last year, shrinking domestic supply while alumina refining rose. Per customs data released earlier this week, last year saw 85.61 million metric tons of bauxite ore reach its shores, a rise […]
Yunnan Aluminium Teams Up with Israeli Firm Phinergy to Produce Aluminium Batteries for Electric Vehicles
In an effort at capitalizing on the growing popularity of electric vehicles in the Middle Kingdom, a pair of Chinese firms have teamed up with an Israeli company to establish a joint venture dedicated to the production of aluminium batteries. On Tuesday, Yunnan Aluminium filed a notice with the Shenzhen stock exchange announcing that it […]
Yunnan Aluminium Buys 380 Thousand MTPA Smelter for US$5.31 Million
An aluminium firm in southwestern China announced that it would boost capacity by one-third after acquiring a majority interest in a neighboring smelter. Yunnan Aluminium filed a statement with the Shenzhen Stock Exchange Wednesday notifying the market that it was buying a 94.35-percent interest in the Yunnan Dongyuan Coal Group Qujing Aluminium Co. According to […]
Hongqiao Insiders Say Cuts Totaling a Quarter Million MTPA of Aluminium-Smelting Capacity In the Works
According to sources with knowledge of the situation, China Hongqiao Group began curtailing outdated aluminium capacity on Tuesday, coinciding with an announced crackdown by the government of the People’s Republic of China on illicit aluminium smelting capacity. Although the company demurred when asked for details, sources who spoke to Bloomberg on Tuesday said that Hongqiao […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
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 ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
