Research on the Supply Chain of Aluminum Anti-collision Beams for Automobiles

Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

Aluminum Wire Supplier Screening 

Cost Analysis of AL Extrusion for Target Units

Cost Analysis Of AL Extrusion For Target Units

Research on the Sustainable Development Layout of key Players(Foil, Roll, Plate)

Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

Optimization of Purchasing Cost for Casting Alloys

Optimization Of Purchasing Cost For Casting Alloys

Home

Metal News

Chalco Sees 2009 Alumina Output Down 11 pct on Yr

CLNB 2024 9TH CHINA NEW ENERGY EXPO

Indonesia Nickel & Cobalt & EV Industry Conference 2024

ASEAN Tin Industry Conference 2024

ASEAN Coal Industry Conference 2024

ASEAN Aluminium Industry Conference 2024

2024 ASEAN Automotive Supply Chain

2024 Global Renewable Metal Industry Chain Summit

2nd Li-ion Battery Europe 2024

NET ZERO EUROPE - Solar & Energy Storage Summit

[Al] SMM Survey - Operating Rates at Aluminum Profile Producers

SHANGHAI, Aug. 25 -- Aluminum Corp of China Ltd (Chalco) (2600.HK: Quote)(601600.SS: Quote), the world's No. 3 alumina maker, expects alumina output this year to fall 11 percent from 2008 to 8 million tonnes, a senior executive said on Tuesday.
&nbsp;&nbsp;&nbsp; Chalco, also China's largest primary aluminium producer, expected to produce 3.4 million tonnes of aluminium, up 5 percent from a year earlier, Luo Jianchuan, the company's president, told a press conference.
&nbsp;&nbsp;&nbsp; &quot;Since the second quarter, recovering prices have encouraged Chinese companies to partially restart idled capacity,&quot; said Luo, adding that Chalco had restarted 670,000 tonnes of alumina production capacity, and was now running at 67 percent of its total capacity.
&nbsp;&nbsp;&nbsp; The company had also restarted 310,000 tonnes of aluminium production capacity, and was running at 83 percent of total capacity, Luo said.
&nbsp;&nbsp;&nbsp; &quot;Many production lines are getting ready to restart, or have already restarted a little,&quot; said Liu Xiangming, vice president of the company.
&nbsp;&nbsp;&nbsp; &quot;But we need to take a long-term view, and consider the market fluctuations, consider the impact on prices brought about by increasing recovered production capacity.&quot;
&nbsp;&nbsp;&nbsp; Chalco expects China to import 5.5 million tonnes of alumina this year.
&nbsp;&nbsp;&nbsp; Chalco posted a bigger-than-expected loss for the second quarter, its third consecutive quarterly loss due to weak demand and low prices of aluminium, in the aftermath of the financial crisis which unfolded last year.
&nbsp;&nbsp;&nbsp; &quot;We must work hard not to lose money in the second half and from the full year perspective we will try to cut the losses that we saw in the first half,&quot; said Xiong Weiping, chairman and chief executive officer of Chalco.
&nbsp;&nbsp;&nbsp; &quot;China's aluminium industry has entered a phase with excessive production capacity and fierce competition. But in the long term, the aluminium industry is still a sunrise industry.
&nbsp;&nbsp;&nbsp; He added that demand for the metal would increase as urbanisation and industrialisation grow with economic development.
&nbsp;&nbsp;&nbsp; Chalco expects global aluminium prices to hold in a range of $1,800 to $2,300 a tonne for the rest of the year, Luo said.
&nbsp;&nbsp;&nbsp; LME aluminium price MAL3 is trading around $1,920 a tonne.
&nbsp;&nbsp;&nbsp; Luo expected domestic prices to range from 14,000 yuan ($2,049) to 16,000 yuan per tonne.
&nbsp;&nbsp;&nbsp; Chalco is finalising power fees with suppliers directly, expecting a breakthrough by the end of this year, Vice President Liu said.
&nbsp;&nbsp;&nbsp; Beijing has introduced a pilot scheme to allow big electricity users to buy power directly from generators, offering a chance for some companies in power-intensive industries, such as Chalco, to reduce power fees and cut production costs.
&nbsp;&nbsp;&nbsp; (Source: Reuters)
&nbsp;

China's Hunan, Guangxi Check Lead Smelters

Chalco Sees 2009 Alumina Output Down 11 pct on Yr | Shanghai Non ferrous Metals

Chalco Sees 2009 Alumina Output Down 11 pct on Yr

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit