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Chalco H1 Profits Dive Aluminium Output Slips Back Behind Rusal

2021-01-04T03:22:35Z

BradleyStobie: Created page with " By Tom Daly BEIJING, Aug 27 (Reuters) - Aluminum Corp of China Ltd , or Chalco, [https://www.kynghidongduong.vn/blog/kinh-nghiem-kham-pha-shangri-la-vung-dat-cua-..."

By Tom Daly BEIJING, Aug 27 (Reuters) - Aluminum Corp of China Ltd , or Chalco, [https://www.kynghidongduong.vn/blog/kinh-nghiem-kham-pha-shangri-la-vung-dat-cua-tinh-yeu.html tour shangrila] said on Thursday profits fell 95% year-on-year in the first half due to lower aluminium and alumina prices, while its primary metal production slipped just below that of Russian rival Rusal. Chalco, a listed arm of state-owned aluminium firm Chinalco, reported net income of 35.71 million yuan ($5.19 million) in January-June, down from an adjusted 707.41 million yuan a year earlier, according to a filing to the Shanghai Stock Exchange. Last year's first-half income was boosted by a substantial gain on an asset sale, exacerbating the drop in earnings this year. The six-month net income figure implies a profit of only 5 million yuan for the second quarter, which would mark Chalco's worst quarterly result since a net loss in the fourth quarter of 2018, [https://www.kynghidongduong.vn/blog/kinh-nghiem-kham-pha-shangri-la-vung-dat-cua-tinh-yeu.html tour shangrila] according to Refinitiv Eikon data. In terms of production, Chalco said first-half primary aluminium output was 1.86 million tonnes. That was down slightly from 1.89 million tonnes reported a year earlier and [https://www.kynghidongduong.vn/blog/kinh-nghiem-kham-pha-shangri-la-vung-dat-cua-tinh-yeu.html kynghidongduong.vn] below Rusal's 1.87 million tonnes. Chalco overtook website Rusal as the world's second-biggest listed aluminium producer in 2018. Parent Chinalco, which is not listed itself but also controls Yunnan Aluminium, is now the world's top producer by capacity, followed by China Hongqiao Group . Meanwhile, Chalco's production of aluminium raw material alumina rose 5.74% in January-June year-on-year to 7.2 million tonnes. The company shut down three alumina production lines in July due to low prices. Overall first-half revenues fell 11.5% to 84.11 billion yuan as Chalco said Shanghai aluminium prices averaged 4.3% lower year-on-year at 13,191 yuan a tonne, but noted a rebound in the third quarter. After a coronavirus-driven collapse in early 2020, Chinese demand has recovered dramatically and Shanghai aluminium prices last week hit their highest since April 2018 at almost 15,000 yuan, painting a much rosier outlook for Chalco in the second half of the year. ($1 = 6.8845 Chinese yuan renminbi) (Reporting by Tom Daly; [http://www.automotivedigitalmarketing.com/main/search/search?q=Editing Editing] by Susan Fenton)

Residents Of Chinese Border City Near Myanmar Test Negative After...

2021-01-03T18:40:36Z

BradleyStobie:

HONG KONG, Sept 21 (Reuters) - Residents in a Chinese border city have all tested negative for [http://www.wonderhowto.com/search/coronavirus/ coronavirus] following two imported infections from neighbouring Myanmar, and the city-wide home quarantine would be lifted, the provincial government said on Monday. The transit point of Ruili in southwestern Yunnan province launched the tests for tens of thousands of residents last week. "Apart from the two imported cases, no local cases nor local transmission of the virus were found," the Yunnan government said in a statement. Restrictions such as home quarantine for residents were due to be lifted on Monday at 10 p.m. but venues such as cinemas, bars and internet cafes will remain shut, the statement said. Yunnan's rugged 4,000-km (2,485-mile) border with Laos, [https://www.kynghidongduong.vn/blog/kinh-nghiem-kham-pha-shangri-la-vung-dat-cua-tinh-yeu.html tour Lệ Giang] Myanmar and [https://www.kynghidongduong.vn/blog/kinh-nghiem-kham-pha-shangri-la-vung-dat-cua-tinh-yeu.html kynghidongduong.vn] Vietnam makes it tough for authorities to step up surveillance and cut illegal immigration as thousands pour into China, seen as a safe haven in the global pandemic. (Reporting by Meg Shen; [http://www.twitpic.com/tag/Editing Editing] by Alison Williams)

User:BradleyStobie

2021-01-03T18:40:24Z

BradleyStobie: Created page with "My name is Bradley and I am studying Comparative Politics and American Studies at Corsano / Italy. Also visit my site ... [https://www.kynghidongduong.vn/blog/kinh-nghi..."

My name is Bradley and I am studying Comparative Politics and American Studies at Corsano / Italy. Also visit my site ... [https://www.kynghidongduong.vn/blog/kinh-nghiem-kham-pha-shangri-la-vung-dat-cua-tinh-yeu.html tour Lệ Giang]