Aluminum Corporation of China Limited (Chalco) is a leading global aluminum producer with businesses covering ore mining, electrolytic aluminum production, and post-processing, and occupies an important position in the Chinese market.
Although affected by environmental regulations and production restrictions imposed by the Chinese government, the group was not affected by its complete environmental protection facilities and instead expanded its market share.
Chalco actively promotes technological innovation and industrial upgrading to improve efficiency and quality and plans to add 200kt of production capacity by 2025 to further enhance its competitiveness. Driven by the growth in demand for green infrastructure and new energy vehicles at home and abroad, the group's business prospects are promising.
In terms of profitability, the group’s earnings per share (EPS) are forecast to be CNY 0.65 in 2024 and CNY 0.74 in 2025, an annual growth of nearly 14%. Rising aluminum ingot and bauxite prices, increased global demand, and recovery of the supply chain will all benefit the group’s performance.
Chalco’s performance to benefit from higher aluminum prices & global demand
15 Jan 2025 14:40 reported by Joy Liu
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