• Mon
  • Jul 14, 2014
  • Updated: 12:24am

Chalco

 

Aluminum Corporation of China Ltd (Chalco) is China’s largest alumina and primary aluminum producer and the world’s second largest alumina producer.

 

Chalco warns of change in competitive landscape after return to the black

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.

Wednesday, 19 March, 2014, 1:25am

Probe of Chalco executive signals more reckoning for China's SOEs

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

Chalco executive latest to face Beijing investigations

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 faces tough future, warns Chalco

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

Chalco to benefit from aluminium capacity cut

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

China’s Chalco to close 380,000 tonnes of aluminium capacity

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

Sundance to conclude iron ore partnership talks by June

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

Falling aluminium prices send Chalco into the red

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

HSI adds Lenovo, dumps Chalco

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

Chalco expects to post loss of 4.8b yuan for last year

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

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