SHANGHAI, Jul. 21 (SMM) – Chalco recorded its best performance in nine years in H1 2017 and ia poised to become the world’s biggest aluminum semis producer in 2017.
SMM Analysis: China Alumina Supply & Demand Balance in H2 2017
The company reported 153 billion in revenues in H1 2017, up 53% year-on-year and 1.12 billion in profit, up 1.41 billion year-on-year.
Chalco expects its aluminum semis output to exceed 2.8 million tonnes in 2017.
IAI: Primary Aluminum Output Grows in China in June, But Falls Outside China
Thanks to rising aluminum prices amid supply side reform, 8 out of the 10 listed aluminum companies that have released semi-year earnings reports reported growth in net profit in H1 2017.
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