yunnan aluminum owner

Change value during other periods is calculated as the difference between the last trade and the most recent settle. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. By Ag Metal Miner - Apr 30, 2023, 10:00 AM CDT. Additionally, a spike in demand for electricity has also compounded the tightness in local power supply in Yunnan. Chalco Jumps on USD1 Billion Acquisition of Sister Firm Yunnan Aluminum In recent years, Yunnan Aluminium has delivered outstanding performance. The deal will expand Yunnan Aluminum's total capacity to 1.6 million tonnes/year. Its products include building materials, decorative materials, metal materials, furniture, general machinery, auto parts and other related aluminum products. Market sources said that the cuts would not immediately squeeze aluminium supply in the country, but any impact would intensify should authorities require further reductions in output and if the power situation worsens in the coming dry season. Opinions expressed are those of the author. Green Aluminum Industry Dancing at the East Gate of Yunnan - LinkedIn All quotes delayed a minimum of 15 minutes. Exclusive news, data and analytics for financial market professionals, Reporting by Siyi Liu and Dominique Patton; Editing by Tom Hogue, Rashmi Aich and Louise Heavens, Ghana power producers call off shutdown after interim deal reached, Botswana signs new diamond sales deal with De Beers, China slaps consumption tax on fuel blending components, Half of Americans face stifling heat, poor air quality, Spain's conservative PP party makes gains a month ahead of national vote, poll shows, Cambodia's Hun Sen kicks off campaign for virtually unopposed election, Dream11 to sponsor India team for three years, German coalition at odds over fighter jet sale to Saudi Arabia, Welt am Sonntag reports. Solar generation capacity will dominate Yunnan's new power installations over the next couple of years, according to Citi. We use cookies to provide a personalized site experience. Europe's industrial sector continues to contract even as the services sector recovers and weakness in end-use markets has been accentuated by a destocking cycle along the aluminium supply chain. The article is edited by SMM and is provided for information purpose only. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. SHANGHAI, Apr 22 (SMM) - Last week, the National Development and Reform Commission said that the crude steel output reduction policy will continue to be implemented in 2022, triggering market concerns about a reduction in iron ore demand and causing iron ore futures prices to plunge. Audit scope supply chain activities: ("Metal Matters", Feb. 21, 2023). "This affects about 10% of our capacity," said one source at a major smelter, with an annual capacity of 900,000 tonnes electrolytic aluminium. In 2021, Chalco once again participated in the subscription of the shares of Yunnan Aluminium, and the shareholding reached 10.10% by then. The latest cuts will impact around 740,000 tonnes of annual production capacity, adding to the million tonnes already offline, according to industry consultancy Mysteel. The bank's short-term price forecast is $2,700 per tonne with upside potential to $3,000. The hydropower-reliant region is famed for being Chinas aluminium hub. Quotes Charts News Ratings Calendar Company Financials Revisions Yunnan Aluminium Declares Final Dividend as Full-Year Profit Nearly Quadruples March 22, 2022 at 10:56 pm This article is reserved for members Already a member? Looking for more than just a company report? With current control measures, Yunnan's aluminum production is expected to reach 3.22 million tons this year, 8% of the national total. China's Yunnan imposes output curbs on aluminium, steel - Nasdaq Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Source: FactSet. Absolute financial data is included in the purchased report. All rights reserved. The Energy segment is mainly engaged in coal mining, thermal power generation, wind power generation, photovoltaic power generation and new energy equipment manufacturing. It is also one of the 512 state-owned enterprises supported by the state. 2023 EMIS, an ISI Emerging Markets Group Company. YUNNAN ALUMINIUM CO., LTD. : 000807 Stock Price | CNE000000VG9 Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Shanghai Metals Market forecasts China's September aluminium . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. By Tom Daly 3 Min Read BEIJING (Reuters) - China's state-owned Chinalco is set to close the gap on privately run China Hongqiao Group, the world's top aluminum producer, after sealing a deal with. Yunnan Aluminum to Expand Capacity through Acquisition Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. In terms of import structure, the imports of rare earth metal ore took up the largest proportion and stood at 11,000 mt in March, a year-on-year increase of 6.15%, all of which came from the United States. Yunnan Aluminium Co Ltd is the practitioners of the development of green low-carbon hydropower aluminum in China. The announcement stated that this transaction is conducive to further solving the problem of horizontal competition with Yunnan Aluminium, and effectively reducing the Company's daily related transactions. Yunnan Aluminium Co.,Ltd. The latest closing price of Yunnan Aluminium stood at 9.58 yuan per share, with a premium of 5.5%. In other words, the combined capacity of Chalco and Yunnan Aluminium accounts for 17.5% of China's total. Yunnan Aluminium slashes 2021 output target as China curbs bite There could be a small imbalance for aluminium smelters there as they normally take longer time [than others] to restart, a Shanghai-based trader said. Although nationwide power cuts have not reoccurred this year, the once-in-decades drought along with the traditional dry season from September has put additional strain to the hydropower-reliant region recently. See here for a complete list of exchanges and delays. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. To view more information, Request a demonstration of the EMIS service. The Company operates businesses through five segments. Fundamental company data and analyst estimates provided by FactSet. report to view the information. Light metal prices on the SHFE started to gain traction at the end of last week, when market participants first began to speak of the power cuts. International stock quotes are delayed as per exchange requirements. But with Chinese demand expected to enjoy a strong post-holiday, post-COVID bounce, that could change very quickly. Business registration portals in China show a company named Yunnan Honghe New Material Co was established on April 27 under the ownership of Yunnan Hongqiao New Material Co, with registered . China accounbts for 97.4% of net sales. See here for a complete list of exchanges and delays. All quotes delayed a minimum of 15 minutes. Not a member ? Aluminium giant China Hongqiao to move more smelting capacity to Yunnan Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Yunnan Aluminium conducts businesses domestically . The market transactions were relatively slack last week, but the traded prices moved up to $81-82/mt, even $84-85/mt. Contact Information Production in other key regions remains largely unaffected . (Yicai Global) July 25 -- Shares in Aluminum Corporation of China, also known as Chalco, advanced as much as 5.5 percent today after the leading Chinese aluminum producer said it will pay CNY6.7 billion (USD1 billion) for an additional 19 percent equity to gain control of its sister firm Yunnan Aluminum in order to reduce competition in the sector and pool resources as the price of the metal . The production cuts and disappearing cost-advantage from hydropower should provide some cost support for prices, but rising inventories also weighed on the Chinese market, said Zenon Ho, analyst at Marex Metals. Yunnan Tightens Aluminum Production Curbs in Green Push Today, Yunan will provideu000bhigher strength aluminum tubes to our customers Hydropower generation is typically weak from November onwards after the rainy season ends. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. After the transaction is completed, Chalco would become the largest shareholder of Yunnan Aluminium, holding 29.10% of the shares. December 27, 2022 Chinalco Advanced Manufacturing Co., Ltd. agreed to acquire Yunnan Haoxin Aluminum Foil Co., Ltd. from Yunnan Aluminium Co., Ltd. (SZSE:000807) on December 10, 2022. The publication of Fastmarkets European titanium scrap and ferro-titanium prices on June 28, 2023, took place earlier than scheduled due to an editor error in the approval process. Aluminium smelters in Sichuan province are still in the process of resuming production given the typical time it takes smelters to restart, while other producers are already back online. Yunnan Aluminium Co., Ltd. engages in the production and sale of aluminum ingots, aluminum deep-processed products, carbon and carbon products, as well as aluminum oxide for re-melting. Payable on August 18, 2023, Chalco Makes Capital Contribution Into Metal Manufacturer, Chalco, Yunnan Aluminum to Boost Chinalco High-end Manufacturing Capital. Chalco is the second largest shareholder with a shareholding of 10.10%. The company is 1 of the 14 aluminum enterprises supported by the state. January's estimated annualised production was 40.50 million tonnes, a drop of almost one million tonnes over the last five months. YUNNAN ALUMINIUM CO.,LTD. LONDON, Feb 21 (Reuters) - The Chinese province of Yunnan has ordered its aluminium smelters to take another round of production cuts to stabilise power supplies. The most-traded aluminium contract on the Shanghai Futures Exchange closed at 18,965 yuan ($2,724) per tonne on Friday, up by 1.9% from 18,605 yuan per tonne a day earlier and 4.7% higher than the close of 18,110 yuan per tonne on September 2. Everything, depends on how long power rationing will last in Yunnan and its neighbours. All industrial sectors have to vie with Yunnan's obligations under China's East-West Power Transmission Project, which means that exports to other regions sometimes take priority over internal requirements. November 23, 2022 at 06:02 am This article is reserved for members Already a member? Sources estimated the affected capacity to be around 500,000 tonnes per year, but added they were concerned that this could increase in the future. SHANGHAI, May 5 (SMM) -In addition to the battery leader CATL, other power battery factories also raised their prices. In December 2019, Chalco subscribed more than 31 million non-publicly issued shares of Yunnan Aluminium Co., Ltd. at a price of 4.1 yuan per share, with a total transaction price of about 1.29 billion yuan, accounting for 10.04% of the total share capital of Yunnan Aluminium after the private placement. 2023 PitchBook. Jiangsu Guotai: Raw Materials for Electrolyte have been Declining, WGC: The Net Inflow of Global Gold ETF in April was 77% Lower than that in March, The Lead Prices Rose and the Transactions were Modest [SMM Afternoon Comment on Lead], The Nickel Prices Remained High in April, with the Greatest Increase of 17% in Spot Prices. The prospecting reserves of the bauxite mine is about 33.85 million tons and expected alumina production can reach 800,000 ton per year. Yunnan Aluminium Co.,Ltd. [SMM Monthly Topic], CATL and Other Battery Makers Raised Prices, Over 20 Nev Makers also Announced Price Hikes, Closed China-Myanmar Border Continued to Influence China's Rare Earths Imports, Transactions of Aluminium Scrap this Week were Poor amid Dropping Aluminium Prices, Demand for Silicon Metal Declined amid Prolonged Impact of COVID-19 on Downstream Consumption [SMM Weekly Review], Imported Iron Ore Prices Likely to Rise This Week Following Wild Swing, Increase in Spot Copper Concentrate TCs was Hindered by the Overseas Supply. See here for a complete list of exchanges and delays. All quotes delayed a minimum of 15 minutes. All rights reserved. Yunnan Aluminium Declares Final Dividend as Full-Year Profit Nearly The Primary Aluminum segment is engaged in the production and sales of primary aluminum, carbon products, aluminum alloys and other electrolytic aluminum products. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Senior metals columnist who previously covered industrial metals markets for Metals Week and was EMEA commodities editor at Knight-Ridder (subsequently Bridge). Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The industry leader for online information for tax, accounting and finance professionals. It is the only "national environmentally friendly enterprise" in the non-ferrous metals industry and industrial . According to the 2021 annual report of Chalco, the company's alumina and aluminium output was 16.23 million mt and 3.86 million mt respectively. The nonferrous . Too much green industry is chasing too little green power straining regional grid dynamics. Chalco Completes Acquisition of 19% Yunnan Aluminum Stake, ALUMINUM CORPORATION OF CHINA LIMITED : Ex-dividend day for for final dividend, Aluminum Corporation of China Limited Announces Final Dividend for the Year Ended 31 December 2022, Payable on 18 August 2023, Chalco Signs Alumina Refinery Development Deal With Guinea Alumina, Aluminum Corporation of China Limited Proposes Final Dividend for the Year Ended December 31, 2022, Payable on August 18, 2023, Fitch Affirms China Hongqiao at 'BB+'; Outlook Stable, Correction: Chalcos January-March Profit Plunges Nearly 10%, Chalcos January-March Profit Plunges Nearly 10%, Aluminum Corp. of China 1Q Net Profit Drops, Dragged by Revenue Decline, Aluminum Corporation of China Limited Reports Earnings Results for the First Quarter Ended March 31, 2023, Chalco Enters New Finance Services Agreement with Chinalco Finance, Aluminum Corporation of China Limited Announces Provision for Impairment of Long Term for Second Half of 2022, Aluminum Corporation of China Limited Reports Earnings Results for the Full Year Ended December 31, 2022, Aluminum Corporation of China Limited Announces Final Dividend for the Financial Year End 31 December 2022. On paper Yunnan can churn out as much metal as North and Latin America combined, but only if there is sufficient power to feed smelters' electrolysis production lines. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. SHFE nickel remained high as a whole in April. Aluminum Corp of China Ltd is a China-based company principally engaged in the production and sales of alumina, primary aluminum and aluminum alloy products. Source: Kantar Media, Total Insider Purchases and Sales Reported to the SEC, Da Cheng Emerging Industries Balanced Fund, Da Cheng Ruijing Flexible Allocation Balanced Fund, Huashang New Trend Selection Flexible Allocation Mixed Fund, Dacheng Prosperity Selected 6-month Holding Period Mixed Fund, HFT Reform Driven Flexible Allocation Hybrid Fund, Goldman Sachs China A-Share Equity Portfolio, China Post Advantage Dynamic Allocation Mixed Fund. China, meanwhile, is emerging from the seasonal lull in downstream activity over the Lunar New Year holidays and ShFE stocks have mushroomed from 95,881 tonnes at the end of December to 291,416 tonnes. China's southwestern province of Yunnan has ordered producers of electrolytic aluminum to reduce their power usage this week, the companies told. Chinalco Advanced Manufacturing Co., Ltd. announced that it expects to receive CNY 2.5255393 billion in funding from Aluminum Corporation of China Limited, Aluminum Corporation of China, Yunnan Aluminium Co., Ltd. China Aluminum Group High-end Manufacturing Co., Ltd. announced that it expects to receive funding from Aluminum Corporation of China Limited, Yunnan Aluminium Co., Ltd. Aluminum Corporation of China Limited completed the acquisition of Yunnan Aluminium Co., Ltd. from Yunnan Metallurgical Group Co., Ltd. Chalco Completes Filing Procedures for Limited Partnership Fund, Chalco's Q3 Profit Slumps 74%; Earnings, Revenue Miss Estimates, Aluminum Corporation of China Limited Reports Earnings Results for the Nine Months Ended September 30, 2022, Asian ADRs Climb Higher in Wednesday Trading, US, China Reach Audit Deal to Prevent Delistings, Goldman Sachs Upgrades Aluminum Corp. of China to Neutral From Sell. Yunnan Yongshun Aluminium Co., Ltd. | Members | About ASI | Aluminium The Alumina segment is engaged in the production and sales of alumina, fine alumina and aluminum ore. SHANGHAI, Aug. 31 (SMM) -Yunnan Aluminum Co. will expand its aluminum capacity via acquisition. According to the provincial government, six major industries in Yunnan consumed nearly 70 billion kilowatt-hours of electricity in the first seven months this year, up 19% from a year ago. Annual growth percentages for latest two years in local currency CNY. The Company distributes its products in domestic market and to overseas markets. The company is 1 of the 14 aluminum enterprises supported by the state. Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Lizhong Sitong Light Alloys Group Co., Ltd. Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd, China Metal Processing Sector Report 2018/2022, China Metal Processing Sector Report 2017/2021, Request a demonstration of the EMIS service. Our Standards: The Thomson Reuters Trust Principles. Column: Another Yunnan power blow to China's aluminium output Aluminum production in China's Yunnan province was disrupted by a series of power cuts. mines and processes aluminum products. "We expect Yunnan's power supply to gradually stabilise in the next 2-3 years not because of the climate but with the help of more renewable power to come," the bank said. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. will read it for free! Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines. Headquarters Goldman Sachs is also in the bull camp, forecasting an average price of $3,125 per tonne this year as Chinese demand recovery collides with domestic production constraints. is a China-based company principally engaged in the mining of bauxite, the smelting of aluminum, as well as the manufacture and distribution of alumina, aluminum products and carbon used in aluminum industry. The industry leader for online information for tax, accounting and finance professionals. Column: Another Yunnan power blow to China's aluminum output It remains uncertain whether the power curbs would be extended. The Trading segment mainly provides alumina, primary aluminum, aluminum processed products and other non-ferrous metal products and coal and other raw materials, auxiliary materials trading and logistics services. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The imports of rare earth metal ore were 9,750 mt in February, and the imports in March rose 17.4% MoM. The power curb in the southwestern province came after low rainfall in the region this year reduced its hydropower supply, which normally accounts for 75% of its electricity. Yunnan Aluminum Smelters Ordered to Cut Electricity Use by 10% Amid Aluminium capacity has grown to around 5.25 million tonnes, making it the fourth largest provincial producer after Shandong, Inner Mongolia and Xinjiang. EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets. That could delay smelter restarts or even lead to further cuts. In mid-August, the neighboring province of Sichuan halted all the local industrial activities as a result of heatwaves snarling hydropower supplies. That is still below last year's seasonal peak of 348,315 tonnes in early March and could quickly disappear if Chinese demand recovers as expected. Aluminium smelters with aggregate capacity for more than 3 million tonnes per year there have been restarting furnaces following the massive power cuts last year, and more capacity is being shifted from northern China to Yunnan due to the latter regions cleaner energy. Yunnan Aluminium - Crunchbase Company Profile & Funding The transaction price is proposed to be 10.11 yuan per share, with a total consideration of 6.662 billion yuan. Power-hungry aluminum producers in Yunnan and neighboring provinces were already operating at reduced capacity, some of them since September, dragging down China's national output. Annualised output in China, the world's largest producer of aluminium, peaked at 41.46 million tonnes in August last year, according to the International Aluminium Institute (IAI). Our award-winning software gives you access to our data and the analytical tools you need to get answers fast, discover promising opportunities and more. Right now, [it is] just a 10% cut but the scale of this could expand, and the cuts are estimated to last long [possibly] until next year, an industry source familiar with the matter said. Horizontal competition solution is already under planning years ago. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. BEIJING, Sept 13 (Reuters) - China's southwestern province of Yunnan has ordered producers of electrolytic aluminium to reduce their power usage this week, the companies told Reuters on Tuesday. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The Company produces aluminum ingots, alumina, and hydropower aluminum products. Caixin China Biz Roundup: Scholar Rebuts Debt Trap Criticism of Belt and Road, Gallery: Chinese Artist Lights Up Japans Skies, Local Chinese Governments Add Billions to Multitrillion-Dollar Hidden-Debt Problem, Cover Story: China Joins Effort to Avert Sovereign Debt Crisis, Five Things to Know About Chinas Lackluster Credit Demand, Ex-PBOC Governor Rebuts Criticism of Belt and Road Financing as Debt-Trap, Chinas Holiday Spending Trails Pre-Pandemic Levels. Read more Sector Aluminum Calendar 08/30 Earnings Release More about the company At the same time, it will give better play to the synergy between the Company and Yunnan Aluminium, realize the integration and intensive management of the aluminium industry, and bring sustainable investment returns. Sept 13 (Reuters) - Southwest China's Yunnan has told "green" aluminium smelters - those using the province's hydropower as their electricity source - to keep average monthly output for. LONDON, Feb 21 (Reuters) - The Chinese province of Yunnan has ordered its aluminium smelters to take another round of production cuts to stabilise power supplies. Hear the latest economic, business and market news, as well as global, national, and local news. Bring our data into your CRM to create new leads and enhance your existing accounts. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Right now the market can take a relaxed view of Yunnan's problems with visible inventory accumulating on both the London markets and in China.

Chatfield School Calendar 2023-2024, Articles Y