[SMM Aluminum Flash News] Chalco Plans USD 1 Billion Alumina Project in Guinea

Published: May 28, 2026 09:48
The Aluminum Corporation of China (Chalco) plans to invest USD 1 billion in a 1.2-million-tonne-per-year alumina project in Boffa, Guinea. The project will be developed through its wholly owned subsidiary Chalco Hong Kong, with construction expected to take three to four years. Chalco Hong Kong and Chalco Guinea Mining and Ports Company have signed a revised mining agreement with the Guinean government, and a wholly owned project company will be established to operate the project. The development remains subject to shareholder approval and regulatory approvals in Guinea.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
China's Cast Aluminum Alloy Inventory Falls for Seventh Week, Pace Slows Amid Weak Demand
39 mins ago
China's Cast Aluminum Alloy Inventory Falls for Seventh Week, Pace Slows Amid Weak Demand
Read More
China's Cast Aluminum Alloy Inventory Falls for Seventh Week, Pace Slows Amid Weak Demand
China's Cast Aluminum Alloy Inventory Falls for Seventh Week, Pace Slows Amid Weak Demand
[SMM Aluminum Alloy Flash] This week, China's social inventory of cast aluminum alloy ingots fell 5,600 mt WoW to 29,700 mt, marking the seventh consecutive week of destocking. Cumulative destocking reached 33,200 mt, but the pace slowed compared to the prior two weeks. The industry operating rate remains low, with limited new warehouse inflows. Meanwhile, the spot-futures price spread stayed in a relatively favorable range, prompting traders to focus on selling, which drove continuous destocking. However, as the traditional consumption off-season deepens, overall market demand remains weak, constraining the destocking magnitude to some extent.
39 mins ago
Today's futures dipped slightly, while spot stabilized and recovered [SMM Southern China Spot Aluminum Daily Review]
54 mins ago
Today's futures dipped slightly, while spot stabilized and recovered [SMM Southern China Spot Aluminum Daily Review]
Read More
Today's futures dipped slightly, while spot stabilized and recovered [SMM Southern China Spot Aluminum Daily Review]
Today's futures dipped slightly, while spot stabilized and recovered [SMM Southern China Spot Aluminum Daily Review]
54 mins ago
Aluminum Alloy Futures Consolidate and Edge Up, Spot Market Weakens with Prices Temporarily Stable [ADC12 Price Daily Review]
1 hour ago
Aluminum Alloy Futures Consolidate and Edge Up, Spot Market Weakens with Prices Temporarily Stable [ADC12 Price Daily Review]
Read More
Aluminum Alloy Futures Consolidate and Edge Up, Spot Market Weakens with Prices Temporarily Stable [ADC12 Price Daily Review]
Aluminum Alloy Futures Consolidate and Edge Up, Spot Market Weakens with Prices Temporarily Stable [ADC12 Price Daily Review]
[ADC12 Price Daily Commentary: Aluminum Alloy Futures Consolidate with Upward Bias, Spot Market Weakens as Prices Hold Steady] Today, overall ADC12 market quotations continued to remain stable, with enterprises generally reluctant to adjust prices. On one hand, recent fluctuations in aluminum prices were limited, and the cost side lacked a clear driver, keeping market quotations relatively stable; on the other hand, as traditional consumption...
1 hour ago
The Aluminum Corporation of China (Chalco) plans to invest USD 1 billi - Shanghai Metals Market (SMM)