https://www.scmp.com/rss/51907/feed Aluminum Corporation of China Ltd (Chalco) is China’s largest alumina and primary aluminum producer and the world’s second largest alumina producer. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The Aluminum Corporation of China (Chalco), the world’s second-largest alumina producer, plans to merge its copper mining unit with Yunnan Metallurgical Group, which has total assets of nearly 90 billion yuan (US$14.17 billion), in what would be the country’s biggest industry consolidation deal in the non-ferrous metals sector. China Copper, wholly owned by Chalco, will merge with government-controlled Yunnan Metallurgical Group, which owns two listed companies on the mainland – Yunnan Chihong... https://www.scmp.com/business/companies/article/2148119/alumina-giant-chalco-inks-massive-metals-deal-china-pushes-ahead?utm_source=rss_feed https://www.scmp.com/business/companies/article/2148119/alumina-giant-chalco-inks-massive-metals-deal-china-pushes-ahead?utm_source=rss_feed Mon, 28 May 2018 07:16:22 +0000 Shares of Aluminum Corporation of China, also known as Chalco, bucked the market’s decline after the company announced it had entered into three transactions with its parent that would enable it to book HK$1 billion of gains this year, which would help offset a major loss expected by analysts on the back of weak metal prices and oversupply. Shares of the nation’s second-largest producer of the lightweight industrial metal gained 0.8 per cent to HK$2.48 in Monday’s trading session, compared to a... https://www.scmp.com/business/companies/article/1879242/chalco-shares-notch-moderate-gain-following-asset-swap-parent?utm_source=rss_feed https://www.scmp.com/business/companies/article/1879242/chalco-shares-notch-moderate-gain-following-asset-swap-parent?utm_source=rss_feed Mon, 16 Nov 2015 06:29:41 +0000 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. Although the loss was in line with a profit warning in late January, analysts said the near-term outlook was not good, given depressed metal prices. “With the largest loss in its history, we estimate that Chalco has destroyed around 35 per cent of its book value in just [the past year] while the cumulative... https://www.scmp.com/business/commodities/article/1747684/chalco-shares-recover-after-early-fall-following-record-loss?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1747684/chalco-shares-recover-after-early-fall-following-record-loss?utm_source=rss_feed Thu, 26 Mar 2015 04:30:15 +0000 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. Chalco swung to a net loss of 16.2 billion yuan (US$2.61 billion) for the year in 2014 from a profit of 948 million yuan the previous year, the company said in a filing on the Shanghai stock exchange on Wednesday. Chalco, which sells its products mainly in China, the... https://www.scmp.com/business/commodities/article/1747241/aluminum-corp-china-rings-biggest-ever-loss-2014?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1747241/aluminum-corp-china-rings-biggest-ever-loss-2014?utm_source=rss_feed Wed, 25 Mar 2015 13:18:40 +0000 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. "[He] was suspected of serious violations of laws and disciplines, and was under investigation by the competent authority [yesterday]," Hong Kong and Shanghai-listed Chalco said in a filing to the Hong Kong stock... https://www.scmp.com/business/china-business/article/1594179/chalco-vice-chairman-sun-zhaoxue-resigns-amid-graft-probe?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1594179/chalco-vice-chairman-sun-zhaoxue-resigns-amid-graft-probe?utm_source=rss_feed Tue, 16 Sep 2014 21:39:43 +0000 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. Second-quarter net loss amounted to 1.97 billion yuan (HK$2.5 billion) after a first-quarter loss of 2.16 billion yuan. The firm suffered a net loss of 596 million yuan in the first half of last year. Barclays’ analysts said in a note that the first-half loss amounted to about... https://www.scmp.com/business/commodities/article/1581668/chalco-shares-take-beating-poor-results?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1581668/chalco-shares-take-beating-poor-results?utm_source=rss_feed Fri, 29 Aug 2014 04:48:21 +0000 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. The country's largest producer of the lightweight industrial metal said mainland smelters would continue to cut output amid low aluminium... https://www.scmp.com/business/commodities/article/1452054/chalco-warns-change-competitive-landscape-after-return-black?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1452054/chalco-warns-change-competitive-landscape-after-return-black?utm_source=rss_feed Tue, 18 Mar 2014 17:25:55 +0000 A series of investigations involving executives of major state-owned enterprises underscores Beijing's seriousness in cracking down on corruption and tackling vested interests. The Aluminum Corporation of China (Chalco) became the latest state-owned giant to see a senior executive face the graft-fighters, following investigations into officials at companies including China National Petroleum Corporation (CNPC) and the nation's largest container shipping line, the China Ocean Shipping Company... https://www.scmp.com/news/china/article/1366006/graft-probes-state-owned-enterprises-underline-drive-reform?utm_source=rss_feed https://www.scmp.com/news/china/article/1366006/graft-probes-state-owned-enterprises-underline-drive-reform?utm_source=rss_feed Tue, 26 Nov 2013 02:00:00 +0000 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. Vice-president Li Dongguang was under investigation "by relevant authorities for personal reasons", Chalco said in a statement to Hong Kong's stock exchange without elaborating. "The investigation has no relation whatsoever to the company," it said,... https://www.scmp.com/business/china-business/article/1360475/chalco-executive-latest-face-beijing-investigations?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1360475/chalco-executive-latest-face-beijing-investigations?utm_source=rss_feed Tue, 19 Nov 2013 19:00:15 +0000 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. "There was no alleviation for the oversupply of the company's principal products and the market is likely to turn more gloomy," Chalco said in its interim results statement, adding it would try to cut losses in the second half. Net losses for the... https://www.scmp.com/business/commodities/article/1300822/aluminium-faces-tough-future-warns-chalco?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1300822/aluminium-faces-tough-future-warns-chalco?utm_source=rss_feed Fri, 30 Aug 2013 16:00:00 +0000 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. The mainland ordered more than 1,400 firms in 19 industries including aluminium to ease oversupply, according to a July 25 statement from the Ministry of Industry and Information Technology. While Chalco, China's biggest aluminium maker, would be able to raise the capital it needed as the government began to "winnow... https://www.scmp.com/business/commodities/article/1293197/chalco-benefit-aluminium-capacity-cut?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1293197/chalco-benefit-aluminium-capacity-cut?utm_source=rss_feed Tue, 30 Jul 2013 16:00:00 +0000 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. The shutdown represents 9 per cent of its annual output of primary aluminium products of 4.22 million tonnes last year, according to the firm’s annual report on its website. In March, Chalco... https://www.scmp.com/business/commodities/article/1254622/chinas-chalco-close-380000-tonnes-aluminium-capacity?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1254622/chinas-chalco-close-380000-tonnes-aluminium-capacity?utm_source=rss_feed Thu, 06 Jun 2013 00:38:01 +0000 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. Sundance’s Mbalam-Nabeba project, straddling Cameroon and the Republic of Congo in the central Africa region was thrown in doubt after the collapse of a US$1.4 billion (HK$10.9 billion) takeover by China’s Hanlong Group in April this... https://www.scmp.com/business/companies/article/1250415/sundance-conclude-iron-ore-partnership-talks-june?utm_source=rss_feed https://www.scmp.com/business/companies/article/1250415/sundance-conclude-iron-ore-partnership-talks-june?utm_source=rss_feed Fri, 31 May 2013 04:48:38 +0000 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. The loss, compared with a net profit of 238 million yuan in 2011, is one of the biggest annual losses for a mainland state-owned firm for last year. Last year's loss was much steeper than the 4.8 billion yuan average loss estimated by 21 analysts polled by Thomson Reuters. They forecast it would post a net loss of 2.05 billion... https://www.scmp.com/business/commodities/article/1201337/falling-aluminium-prices-send-chalco-red?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1201337/falling-aluminium-prices-send-chalco-red?utm_source=rss_feed Wed, 27 Mar 2013 16:00:00 +0000 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. Lenovo, the world's second-largest maker of personal computers, will gain blue-chip status from March 4, with the overall number of index constituents remaining unchanged at 50. The addition of Lenovo will help expand the weighting of the information... https://www.scmp.com/business/money/markets-investing/article/1144858/hsi-adds-lenovo-dumps-chalco?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1144858/hsi-adds-lenovo-dumps-chalco?utm_source=rss_feed Wed, 06 Feb 2013 16:00:00 +0000 Aluminum Corp of China (Chalco), the nation's largest producer of the lightweight metal, expects to post a "major" loss 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. In a statement to the Shanghai stock exchange, the company cited a 7 per cent decline in average aluminium price, falling domestic ore quality and Indonesia's restrictions on bauxite... https://www.scmp.com/business/companies/article/1138938/chalco-expects-post-loss-48b-yuan-last-year?utm_source=rss_feed https://www.scmp.com/business/companies/article/1138938/chalco-expects-post-loss-48b-yuan-last-year?utm_source=rss_feed Tue, 29 Jan 2013 16:00:00 +0000 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. The company plans to build an alumina facility with a capacity of 1 million tonnes a year in Indonesia as the first phase, President Luo Jianchuan said in an interview on Nov. 30 in Chongqing. “We’re still doing a feasibility study” and the earliest date for completion of the first phase is 2014-2015,... https://www.scmp.com/business/companies/article/1097246/chalco-build-indonesian-alumina-plant?utm_source=rss_feed https://www.scmp.com/business/companies/article/1097246/chalco-build-indonesian-alumina-plant?utm_source=rss_feed Tue, 04 Dec 2012 04:25:13 +0000 Mongolia’s white-hot economic growth has cooled this year as the ripple effects of the global economic downturn -- and especially slowing Chinese growth -- start to hit home. Resource-rich Mongolia defied the global economic gloom to notch stunning 17.3 per cent GDP growth in 2011 on soaring coal shipments to its energy-hungry giant neighbour and a surge in foreign investment in its minerals sector. But growth eased to 13.2 per cent in the first half of this year, and while that is still among... https://www.scmp.com/business/economy/article/1057743/mongolias-white-hot-growth-slows-china-woes?utm_source=rss_feed https://www.scmp.com/business/economy/article/1057743/mongolias-white-hot-growth-slows-china-woes?utm_source=rss_feed Wed, 10 Oct 2012 04:31:38 +0000 Hong Kong stocks may open higher after a two-day National Holiday break on speculation that more easing measures could be in the pipeline to revive growth after an official survey of factory managers in China remained in negative territory for a second consecutive month. China's official factory purchasing managers' index rose to 49.8 in September from 49.2 in August, the National Bureau of Statistics said on Monday. A figure below 50 denotes contraction. "Market could get disappointed by the... https://www.scmp.com/business/money/stock-talk/article/1052807/market-openhong-kong-stocks-seen-higher-easing-hopes-after?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/1052807/market-openhong-kong-stocks-seen-higher-easing-hopes-after?utm_source=rss_feed Wed, 03 Oct 2012 00:00:03 +0000 Haitong Securities profit falls to 2b yuan Haitong Securities, the mainland's No5 brokerage by market share, says net profit shrank 9.36 per cent to 2.02 billion yuan (HK$2.47 billion) in the first six months of this year on the back of a sluggish market. Revenue declined 1.79 per cent to 5.84 billion yuan, dragged down by a 23.48 per cent drop in commission and fee income to 2.82 billion yuan in the first half, it said yesterday. Staff Reporter Greentown earnings double in first half Greentown... https://www.scmp.com/business/china-business/article/1022986/business-digest?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1022986/business-digest?utm_source=rss_feed Sun, 26 Aug 2012 16:00:00 +0000 Aluminum Corp of China (Chalco), the mainland's largest producer of the metal, has told the Hong Kong stock exchange it expects to announce a profit for the first quarter after recording a loss last year. The chief reason for the turnaround, said analysts, was a rebound in aluminium prices. While Chalco gave no detail, Taifook Securities analyst Robin Tsui forecast a net profit of 400 million yuan (HK$454 million). He said the company made heavy provisions for impairment for the last quarter... https://www.scmp.com/article/711859/chalco-expects-return-profit-first-quarter?utm_source=rss_feed https://www.scmp.com/article/711859/chalco-expects-return-profit-first-quarter?utm_source=rss_feed Sun, 18 Apr 2010 16:00:00 +0000 Aluminum Corp of China (Chalco), the country's largest producer of the metal, said higher prices of raw materials, energy and fuel knocked 92 per cent off net profit in the three months to September compared with the previous year, to 182.89 million yuan (HK$207 million). The global economic slowdown squeezed demand, resulting in a significant fall in prices of the group's major aluminium products, Chalco said in a statement yesterday. Receivables, inventories and financial expenses... https://www.scmp.com/article/657835/chalco-earnings-dive-92pc-expenses-surge?utm_source=rss_feed https://www.scmp.com/article/657835/chalco-earnings-dive-92pc-expenses-surge?utm_source=rss_feed Sun, 26 Oct 2008 16:00:00 +0000 Aluminum Corp of China (Chalco), the mainland's biggest producer of the metal, will bid for 4.18 billion yuan worth of assets from its state-owned parent company to diversify into downstream aluminium processing. Chinalco, Chalco's parent, had put up for sale stakes in six of its subsidiaries on Monday on the Beijing Equity Exchange, a fledgling platform for the sale of state assets. Valued at 4.18 billion yuan, the stakes include majority holdings of five aluminium processing plants and an... https://www.scmp.com/article/627737/chalco-bid-42b-yuan-parent-assets?utm_source=rss_feed https://www.scmp.com/article/627737/chalco-bid-42b-yuan-parent-assets?utm_source=rss_feed Tue, 26 Feb 2008 16:00:00 +0000 Speaking to reporters yesterday in Sydney, Chinalco boss Xiao Yaqing explained that his purchase of US$13 billion worth of shares in international mining giant Rio Tinto was driven solely by financial considerations. Chinalco bought the stake purely in the hope of making a decent return on the investment, he insisted. Few believed him. Even though US aluminium maker Alcoa chipped in US$1.2 billion to lend the deal an odour of respectability, most observers assumed a murkier strategic or... https://www.scmp.com/article/625534/bold-chinalco-powerful-position?utm_source=rss_feed https://www.scmp.com/article/625534/bold-chinalco-powerful-position?utm_source=rss_feed Mon, 04 Feb 2008 16:00:00 +0000 Aluminum Corp of China (Chalco), the world's second-biggest producer of alumina, raised its spot alumina price by 10.5 per cent yesterday, the second increase in the past month, to reflect tightening supply and higher production costs. The Beijing-based company boosted the price to 4,200 yuan a tonne from 3,800 yuan. Together with the 8.5 per cent increase on November 27, Chalco had lifted the price 20 per cent in less than a month. The import price for alumina, including freight costs and... https://www.scmp.com/article/620140/chalco-increases-alumina-price-105pc?utm_source=rss_feed https://www.scmp.com/article/620140/chalco-increases-alumina-price-105pc?utm_source=rss_feed Tue, 18 Dec 2007 16:00:00 +0000 Aluminum Corp of China (Chalco), the country's largest producer of the metal, raised its spot alumina price by 8.5 per cent yesterday to reflect tightening supply. The Beijing-based company boosted the price to 3,800 yuan a tonne, effective yesterday, from 3,500 yuan earlier. Chalco turns alumina into aluminium at its smelters before selling the metal to manufacturers. The import price for alumina, including cost, insurance and freight, was about US$430 per tonne and supply was tight, Chalco... https://www.scmp.com/article/617405/chalco-raises-alumina-price-tight-supply?utm_source=rss_feed https://www.scmp.com/article/617405/chalco-raises-alumina-price-tight-supply?utm_source=rss_feed Tue, 27 Nov 2007 16:00:00 +0000 Shares in Aluminum Corp of China (Chalco) rose to record highs in Hong Kong and Shanghai after it agreed to buy smaller rival Baotou Aluminum for 14.7 billion yuan in stock as part of its strategy to consolidate resources in aluminium production and to expand into the processing business. Chalco, the mainland's biggest aluminium producer that specialises in refining bauxite into alumina for aluminium production, is offering to buy each Baotou share for 1.48 of its new Shanghai-listed A... https://www.scmp.com/article/599259/chalco-shares-surge-baotou-takeover-plan?utm_source=rss_feed https://www.scmp.com/article/599259/chalco-shares-surge-baotou-takeover-plan?utm_source=rss_feed Tue, 03 Jul 2007 16:00:00 +0000 Deal allows firm to complete diversification Peru Copper has agreed to an C$840 million (HK$6.18 billion) cash takeover offer by Chinalco, the parent of Hong Kong-listed Aluminum Corp of China (Chalco), according to the Canadian company. The deal, the latest attempt by a mainland resource firm to gain control of reserves overseas, will allow Chinalco, the world's second-largest producer of the key aluminium ingredient, alumina, to complete its diversification into upstream copper mining,... https://www.scmp.com/article/596486/chinalco-c840m-bid-peru-copper?utm_source=rss_feed https://www.scmp.com/article/596486/chinalco-c840m-bid-peru-copper?utm_source=rss_feed Mon, 11 Jun 2007 16:00:00 +0000 Aluminum Corp of China (Chalco), the world's second-biggest producer of alumina, saw its dominance in the domestic sale of the raw material further eroded, as its key profit contributor faced increased competition. Chalco yesterday said in the first three months, it produced 13.1 per cent more of the key ingredient to make aluminium than in the same period a year earlier, at 2.39 million tonnes from 2.11 million tonnes. The output gave it a 53.1 per cent share of the nation's total 4.5... https://www.scmp.com/article/590309/competition-erodes-chalcos-dominance?utm_source=rss_feed https://www.scmp.com/article/590309/competition-erodes-chalcos-dominance?utm_source=rss_feed Tue, 24 Apr 2007 16:00:00 +0000 Timing and magnitude of increase surprise market but rebound unlikely to be sustained in face of ample supply Aluminum Corp of China (Chalco), the world's second-largest alumina producer, yesterday raised its spot alumina prices 50 per cent, the sharpest increase since the company went public. The Beijing-based company said spot prices of alumina, the semi-processed material used to make aluminium, would be increased to 3,600 yuan a tonne from 2,400 yuan. Shares in Chalco jumped as much as... https://www.scmp.com/article/580472/chalco-raises-spot-alumina-prices-50pc?utm_source=rss_feed https://www.scmp.com/article/580472/chalco-raises-spot-alumina-prices-50pc?utm_source=rss_feed Thu, 01 Feb 2007 16:00:00 +0000 Aluminum Corp of China (Chalco), the world's second-largest alumina maker, has won approval to build an 800,000-tonne-capacity alumina project in Chongqing involving a total investment of 4.27 billion yuan. The National Development and Reform Commission, the top economic planner, approved the plant in Nanchuan district on December 27, according to a statement on the website of the State-owned Assets Supervision and Administration Commission. The development, which will include bauxite mines... https://www.scmp.com/article/577912/chalcos-chongqing-project-gets-approval?utm_source=rss_feed https://www.scmp.com/article/577912/chalcos-chongqing-project-gets-approval?utm_source=rss_feed Mon, 08 Jan 2007 16:00:00 +0000 Aluminum Corp of China (Chalco), the mainland's largest aluminium producer, plans to buy stakes in three smelters to boost capacity to tap into the strong demand for the metal. Chalco said its parent company Chinalco had bought 80 per cent of Baotou Aluminum (Group), which in turn owns 55.06 per cent of Shanghai-listed Baotou Aluminum, from the Inner Mongolian government. 'We [Chalco] have plans to buy Baotou Aluminum from our parent Chinalco after we complete an A-share listing on the... https://www.scmp.com/article/577699/chalco-buy-three-smelters-parent-firm?utm_source=rss_feed https://www.scmp.com/article/577699/chalco-buy-three-smelters-parent-firm?utm_source=rss_feed Fri, 05 Jan 2007 16:00:00 +0000 Aluminum Corp of China (Chalco) has agreed to buy a 51 per cent stake in smaller rival Gansu-based Hualu Aluminum for 270 million yuan, its fourth acquisition in four months, as it boosts its smelting capacity and consolidates its leadership in the fragmented industry. Chalco, China's largest aluminium smelter and the world's second-largest producer of alumina, a raw material in aluminium production, will buy the stake from Baiyin Nonferrous and Baiyin Honglu Aluminum, the firm said ... https://www.scmp.com/article/560005/chalco-expands-smelting-capacity-hualu-purchase?utm_source=rss_feed https://www.scmp.com/article/560005/chalco-expands-smelting-capacity-hualu-purchase?utm_source=rss_feed Fri, 11 Aug 2006 16:00:00 +0000 Macquarie has raised its net income forecasts for aluminium giant Chalco by 13 per cent to 13.1 billion yuan this year and by 2 per cent to 9.7 billion yuan next year to reflect expected increases in aluminium prices. It has raised the share price target to $9.15 based on Chalco trading at 8 times the estimated 2006 price/earnings ratio. The counter closed on Friday at $7.25. The broker says it has increased its forecast for international spot market alumina prices by 10 per cent to US$560 per... https://www.scmp.com/article/537054/what-broker-says?utm_source=rss_feed https://www.scmp.com/article/537054/what-broker-says?utm_source=rss_feed Sat, 18 Feb 2006 16:00:00 +0000 Aluminium Corp of China (Chalco), the world's third-largest alumina refiner, saw a dull debut in Hong Kong yesterday, with its shares edging up just 2 HK cents from its issue price. The counter was priced at HK$1.37 a share before brokerage fees, while the initial public offering price was HK$1.38 including brokerage fees. Brokers said Chalco's debut was expected to be unexciting because investors were concerned about the outlook of the price of alumina, which was close to a record... https://www.scmp.com/article/365986/chalco-sees-thin-rise-dull-debut?utm_source=rss_feed https://www.scmp.com/article/365986/chalco-sees-thin-rise-dull-debut?utm_source=rss_feed Wed, 12 Dec 2001 16:00:00 +0000