Aluminum Corporation of China Ltd (Chalco) is China’s largest alumina and primary aluminum producer and the world’s second largest alumina producer.
Shares of Aluminum Corporation of China (Chalco) dropped as much as 2.8 per cent after the nation’s largest smelter of the lightweight industrial metal posted its biggest annual net loss.Thursday, 26 March, 2015, 6:17pm
Aluminum Corp of China Ltd (Chalco), the leading producer of primary aluminium and raw material alumina in the country, posted its largest-ever loss in 2014 due to huge writedowns and weak metal prices as the Chinese economy slowed.25 Mar 2015 - 9:18pm
Aluminum Corp of China (Chalco), the country's largest smelter of the lightweight industrial metal, said its non-executive director and vice-chairman, Sun Zhaoxue, has resigned after the mainland's anti-graft watchdog said he has been detained to assist its investigation.17 Sep 2014 - 5:39am
Shares of Aluminum Corp of China, the country’s largest producer of the metal, fell 4.1 per cent to HK$3.31 on Friday morning after it posted a worse-than-expected 4.12 billion yuan net loss for the first half of the year.29 Aug 2014 - 12:48pm
Aluminum Corp of China (Chalco) posted a net profit of 975.2 million yuan (HK$1.2 billion) for last year, reversing an 8.2 billion yuan loss the previous year, mainly due to asset disposals.
The firm also cautioned that smelters in the central and eastern regions of the mainland might be squeezed out of the market by more competitive plants in western areas.19 Mar 2014 - 1:25am
A series of investigations involving executives of major state-owned enterprises underscores Beijing's seriousness in cracking down on corruption and tackling vested interests.27 Nov 2013 - 3:17am 1 comment
A senior manager of Aluminum Corp of China (Chalco), the country's largest smelter of the lightweight metal, has become the latest in a series of high-level executives at central government-administered enterprises to be investigated by Beijing.20 Nov 2013 - 4:38pm
Aluminium Corp of China (Chalco), the nation's largest smelter of the lightweight industrial metal, warned of more tough times for the industry as it said its interim net loss narrowed, largely on the back of one-off gains and government subsidies.31 Aug 2013 - 3:21am
Investor Mark Mobius said Aluminum Corp of China is a "good long-term bet" as one of the few producers of the metal set to benefit from the government's plans to reduce overcapacity.31 Jul 2013 - 4:43am
Chalco, China’s top producer of aluminium, joined other companies on Wednesday in cutting capacity to help trim a market surplus after it suffered losses due to weak prices.
The Aluminum Corp of China said in a statement it would temporarily close 380,000 tonnes of annual capacity due to market conditions.29 Aug 2013 - 4:13am
Australia’s Sundance Resources will conclude discussions with potential partners on its US$4.7 billion (HK$36.5 billion) Africa iron ore project by June and announce a chosen partner three months later, the firm’s chief operations officer told Reuters.31 May 2013 - 12:48pm
Aluminum Corporation of China (Chalco) posted its worst results since going public in 2001, chalking up a net loss of 8.23 billion yuan (HK$10.18 billion) for last year.28 Mar 2013 - 6:31am
Hong Kong's benchmark Hang Seng Index will no longer include the loss-making state-owned enterprise Aluminum Corp of China, also known as Chalco, but will add computer manufacturer Lenovo, Hang Seng Indexes said in a quarterly review yesterday.7 Feb 2013 - 5:16am
While the pickup in the mainland's economy would see higher demand and product prices this year, analysts expect the firm to remain in the red, although the loss would be narrower.30 Jan 2013 - 4:40am
Aluminium Corp. of China Ltd., the country’s biggest producer, is seeking to tap bauxite resources and build processing plants abroad after Indonesia, the largest supplier to China, curbed exports.4 Dec 2012 - 12:33pm