Chalco Aluminium Output in Q3 Falls 10% YoY

Release time：Nov 04, 2019 From：admin

State owned aluminium firm Chinalco’s Aluminum Corp of China Ltd posted a sharp fall in both aluminium output and sales in the third quarter. It reported a 10.4% YoY fall in aluminium production in July to September to 950,000 tonnes. Aluminium sales fell by a steeper 13.8% to 940,000 tonnes, indicating lackluster demand in China. The declines comes after Chalco closed a 200,000 tonnes per year plant in eastern China’s Shandong province in January due to high electricity costs, and said later it would transfer 190,000 tonnes of capacity from northern China to an affiliate in Yunnan.

Production of alumina, which is used to make aluminium, rose by 3.6% year-on-year to 3.41 million tonnes in the third quarter, the data showed. 

The Aluminum Corporation of China is the only alumina producer and the largest primary aluminum producer in the People's Republic of China. It is the second largest producer of alumina and the third largest producer of primary aluminum. Chinalco is primarily aimed at alumina extraction, virgin aluminum electrolysis, and aluminum processing and production.