yunnan aluminum owner

After the transaction is completed, Chalco would become the largest shareholder of Yunnan Aluminium, holding 29.10% of the shares. I heard the cuts could be increased to 20% later on, and the initial plan is to ration power until May next year, a source in Yunnan said. But with Chinese demand expected to enjoy a strong post-holiday, post-COVID bounce, that could change very quickly. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. All Rights Reserved. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. In the first half of 2021, according to the overall deployment of Chinalco, Chinalco and Yun Aluminum, the company adjusted the focus of production and operation according to the situation, and made great efforts to achieve good results in production and operation. In other words, the combined capacity of Chalco and Yunnan Aluminium accounts for 17.5% of China's total. 000807.SZ - | Stock Price & Latest News | Reuters Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Fundamental company data and analyst estimates provided by FactSet. The Company produces aluminum ingots, alumina, and hydropower aluminum products. China's imports of bauxite, the main source . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Yunnan Aluminium Co.,Ltd. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Postal Code: 650502. And [the] Aba [aluminium smelter in Sichuan] might not even be permitted to restart any time soon since it was shut due to an explosion [in August].. Yunnan Aluminium Co Ltd is the practitioners of the development of green low-carbon hydropower aluminum in China. China's Yunnan Province Cuts Aluminum Production The son of Iranian immigrants, he was transfixed by the music, culture and fashion coming out of clubs like the Roxy. 2023 EMIS, an ISI Emerging Markets Group Company. Column: Another Yunnan power blow to China's aluminium output Yunnan Aluminium slashes 2021 output target as China curbs bite read more. The deal will expand Yunnan Aluminum's total capacity to 1.6 million tonnes/year. The company is 1 of the 14 aluminum enterprises supported by the state. Column: Another Yunnan power blow to China's aluminum output Aluminium smelters in southwestern China's Yunnan province have been ordered by the local government to cut production by 10% to lower their power usage, with effect from Friday September 9, sources with knowledge confirmed to Fastmarkets September 9, 2022 By Yiwen Ju Aluminium Base metals Contact Details: China's southwestern province of Yunnan has ordered producers of electrolytic aluminum to reduce their power usage this week, the companies told. Yunnan Aluminum to Expand Capacity through Acquisition 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. Combined with rolling power restrictions in neighbouring Guizhou and Sichuan provinces, also largely hydro-powered, the cumulative impact will be a fall in China's annualised operating rate to below 40 million tonnes for the first time since March 2022, the bank said. Until then, a metal critical to future decarbonisation is increasingly vulnerable to the changing weather patterns associated with global warming. Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English & Chinese Download a sample report. Annual growth percentages for latest two years in local currency CNY. It is the only "national environmentally friendly enterprise" in the non-ferrous metals industry and industrial . Series Of Power Cuts Disrupt Aluminum Production In Yunnan 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. 000807.CN | Yunnan Aluminium Co. Ltd. Company Profile & Executives - WSJ Fantasy gaming company Dream11 will be the lead sponsor of India's national cricket team for three years, the country's cricket board announced on Saturday. SHANGHAI, Jul 25 -On the evening of July 24, Aluminum Corporation of China Limited (Chalco or the Company, 601600.SH) announced that it planned to acquire 19% of the shares of Yunnan Aluminium (000807.SZ). 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. 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 Dali Power Supply Bureau could not immediately be reached. 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. China's monthly production figures have been volatile, reflecting the interplay of capacity curtailments, restarts of smelters hit by previous rounds of power rationing and new capacity coming online. In recent years, Yunnan Aluminium has delivered outstanding performance. That could delay smelter restarts or even lead to further cuts. will read it for free! EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets. By Ag Metal Miner - Apr 30, 2023, 10:00 AM CDT. So when he launched his eponymous luxury brand in 2013--with $30,000 of his own money--he married those aesthetics with an obsessive craftsmanship and the most opulent fabrics available. Previously, due to the horizontal competition between Yunnan Aluminium and Chalco in sectors including alumina and aluminium, Chinalco, as the indirect controlling shareholder of Yunnan Aluminium and the direct controlling shareholder of Chalco, promised to consider effective solutions starting in 2019, and solve the problem of horizontal competition within five years. Aluminum smelters in Southwest China's Yunnan province have been ordered to gradually reduce electricity use by 10% over five days starting Saturday, as the hydropower-reliant province faces a power supply crunch following the country's historic heatwave and lower-than-average rainfall. 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[SMM afternoon comment on lead: Express report on 1# lead market in other regions] During the day, the SMM1# lead prices rose while the smelters maintained to quote at discounts. Yunnan Aluminium Co., Ltd. specializes in the manufacturing and marketing of aluminum products (alloys, sections, tubes, plates, strips, etc.). SHANGHAI, Aug. 31 (SMM) -Yunnan Aluminum Co. will expand its aluminum capacity via acquisition. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. Headquarters The opinions expressed here are those of the author, a columnist for Reuters. ("Aluminium: Reopening Deficit", Jan. 15 2023). Market Market For queries, please contact Michael Jiang at michaeljiang@smm.cn Fantasy gaming company Dream11 will be the lead sponsor of India's national cricket team for three years, the country's cricket board announced on Saturday. Yunnan Yongshun Aluminium Co., Ltd. | Members | About ASI | Aluminium http://ylgf.chinalco.com.cn. Contact Information A series of power cuts have disrupted production in China's Yunnan province, a region that accounts for roughly 12% of China's total aluminum capacity. 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 . - 04:08:26 2023-06-30 am EDT. All quotes delayed a minimum of 15 minutes. Values delayed up to 15 minutes Today's Range 12.68 - 13.03 52 Week Range 8.90 - 16.11 Profile Charts. 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. (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 . Yunnan Aluminium conducts businesses domestically and internationally. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Sichuan Rations Electricity for Factories as Drought Curbs Supply, In Depth: Chinas Climate Goals Leave One Province Torn Between Past and Future, Participation of Indian Prime Minister Narendra Modi in the 5th Eastern Economic Forum Discussed in Moscow, Get exposure for your startup at RISE 2020, CreditEases Tang Ning: Chinas Wealth Management Market is Undergoing Five Major Shifts, Meet 5 of the best startups selected to represent China at the largest technology event in Asia. Integrate our data with your existing systems through an la carte solution (API) or pre-defined supply of data points (data feed). Additionally, a spike in demand for electricity has also compounded the tightness in local power supply in Yunnan. Yunnan has become a major aluminium hub in recent years as Chinese operators have relocated from coal-powered provinces to lower their carbon footprint. Copyright 2021 Caixin Global Limited. Sources also noted that it can take months for aluminium production lines to resume operating once they have been halted. Delayed Quote The company is 1 of the 14 aluminum enterprises supported by the state. Recently, Jiangsu Guotai indicated that the prices of main raw materials for the electrolyte purchased from domestic suppliers have been declining. 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. November 23, 2022 at 06:02 am This article is reserved for members Already a member? SHANGHAI, May 5 (SMM) -In addition to the battery leader CATL, other power battery factories also raised their prices. Aluminium has been nicknamed congealed electricity because the production of one tonne of the metal roughly requires the same amount of electricity usage by an average US household in a year. The Alumina segment is engaged in the production and sales of alumina, fine alumina and aluminum ore. Learn how the burgeoning trend of decarbonization in the steel industry has been led by the realization of economic opportunity and an increase in demand. Yunan Aluminum Co., LTD was founded in 1979 and have been the leader of Aluminum Tubeu000bmanufacturing industry. The Headquarters and Other Operating segment is engaged in other research and development of aluminum business and other activities. 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. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Not a member ? Change value during other periods is calculated as the difference between the last trade and the most recent settle. Audit scope supply chain activities: Chalco Jumps on USD1 Billion Acquisition of Sister Firm Yunnan Aluminum Yunnan asks aluminium producers to cut power usage | Reuters Exclusive news, data and analytics for financial market professionals, 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. According to market data, as of the close on July 22, the total market value of Chalco was 69.2 billion yuan, and the market value of Yunlu Aluminium was 33.2 billion yuan, ranking first and third respectively in terms of market value in the aluminium industry chain. Chalco is the second largest shareholder with a shareholding of 10.10%. 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. During the period of energy management, the . Yunnan aluminium producers ordered to cut output amid - Fastmarkets Not a member ? 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. 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. The province's hydro-electric grid has struggled with prolonged drought and low reservoir levels. Latest news about Aluminum Corporation of China Limited Registered inventory on both exchanges has risen fast, cushioning the supply chain from the loss of Chinese production momentum. We use cookies to provide a personalized site experience. Due to the low acceptance to the sharply rising lead prices, the goods receiving willingness was insufficient. Power cuts in Yunnan again, some electrolytic aluminum - LinkedIn The companies had already cut power consumption by 5% from normal use for Sept. 10 to Sept. 12, following an order issued by the Dali Power Supply Bureau, part of the Yunnan Power Grid. Details Industries Manufacturing Mining Precious Metals Headquarters Regions Asia-Pacific (APAC) Founded Date Jan 1, 1970 Operating Status Active Also Known As YNALCO, Yunnan Aluminium Co.,Ltd., , Stock Symbol SZSE:000807 Company Type For Profit Contact Email office@ylgf.com Phone Number 0871-67455668 Lists Featuring This Company The company's predecessor, Yunnan Aluminum Factory, was founded in 1970 and restructured into a state-owned listed company in 1998 (stock code: 000807). Aluminium capacity has grown to around 5.25 million tonnes, making it the fourth largest provincial producer after Shandong, Inner Mongolia and Xinjiang.

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