yunnan aluminum owner

Yunnan, with an annual operating capacity of 5.25 million tonnes electrolytic aluminium, accounts for around 10% of China's capacity. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Exclusive news, data and analytics for financial market professionals, China's Yunnan set to boost power to aluminium smelters, sources say, Yunnan asks aluminium producers to cut power usage, Chalco's net profit hits 14-year high after surge in metals prices, China scrambles to fix power crunch, tame runaway raw material markets. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. (Image by AndreaGotts, Wikimedia Commons ). The industry leader for online information for tax, accounting and finance professionals. China Names Pan Gongsheng as Party Head of Central Bank, De Beers Reaches Last-Minute Deal With Botswana on Diamond Sales, S. Korea Posts First Trade Surplus in 16 Months on Car Sales, UK Business Confidence Slumps After Inflation Shock, IoD Says, Argentina Economy Shrank More Than Expected, SufferingRecord Drought, A $1.8 Trillion Student Debt Burden Set to Again Threaten US Consumers, Chelsea Owners Pizza Chain Faces Tax Fight in Restructuring, Goldman Sachs Is in Talks to Exit Apple Partnership, WSJ Says, Taylor Swift Is Making More Than $13 Million a Night on Her Tour, Why Social Media Is Being Blamed for Fueling Riots in France, Artificial IntelligenceCompanies Hunt for San Francisco Offices, Bear Grylls Sees AI, Computer Literacy as Next Survival Skill, Inflection AI Raises $1.3 Billion From ReidHoffman, Bill Gates and Nvidia, France Surveys Damage From Days of Riots Ahead of Teens Funeral, Ukraine Recap: CIA Chief Called Russia After Mutiny, WSJ Says, Soros Foundations to Cut 40% of Staff After Handover to Son, SoFi Once Billed Itself as the Anti-Bank. 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. Yunnan Aluminium Co Ltd is the practitioners of the development of green low-carbon hydropower aluminum in China. 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. 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. Chalco is the second largest shareholder with a shareholding of 10.10%. The stoppage in Sichuan throughout the second half of August resulted in an estimated loss of 7,300 tonnes of aluminium production, according to market sources. 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. In mid-August, the neighboring province of Sichuan halted all the local industrial activities as a result of heatwaves snarling hydropower supplies. Qidian Street Chenggong District Kunming Yunnan 650502 China. 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. The Energy segment is mainly engaged in coal mining, thermal power generation, wind power generation, photovoltaic power generation and new energy equipment manufacturing. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. SHANGHAI, Aug. 31 (SMM) -Yunnan Aluminum Co. will expand its aluminum capacity via acquisition. 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. ("Aluminium: Reopening Deficit", Jan. 15 2023). Our Standards: The Thomson Reuters Trust Principles. The industry leader for online information for tax, accounting and finance professionals. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Its main technical and economic indicators rank top of domestic aluminum industry. Get timely, institutional-grade private market research that delivers expert analysis built on an investor-first approach. 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. After the completion of the share transfer, the controlling shareholder will be changed to Chalco, and the indirect controlling shareholder is still Chinalco (Aluminum Corporation of China); while the actual controller is still the State-owned Assets Supervision and Administration Commission of the State Council. Too much green industry is chasing too little green power straining regional grid dynamics. The price reaction to Yunnan's latest drought has been muted on both the London market and the Shanghai Futures Exchange (ShFE). Recently, Jiangsu Guotai indicated that the prices of main raw materials for the electrolyte purchased from domestic suppliers have been declining. On April 25, aluminium prices fell sharply by 850 yuan/mt to 20,950 yuan/mt, down 3.9% The falling prices suppressed shipment from traders. It is a key state-owned enterprise controlled by Yunnan Metallurgical Group. Besides, the group develops production and sale of nonferrous metal activity. All quotes delayed a minimum of 15 minutes. The province's hydro-electric. This was against the back of growing production cuts of the energy-intensive metal in Europe due to soaring energy prices. The Dali Power Supply Bureau could not immediately be reached. Sichuan halted all the local industrial activities. Aluminum smelters in Southwest Chinas 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 countrys historic heatwave and lower-than-average rainfall. According to the data released by the World Gold Council, in April, the global gold ETF achieved a net inflow of 43 mt (about $3 billion), 77% lower than last month. 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. Source: FactSet. Win whats next. Profile Updated: April 16, 2023. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The Primary Aluminum segment is engaged in the production and sales of primary aluminum, carbon products, aluminum alloys and other electrolytic aluminum products. "This affects about 10% of our capacity," said one source at a major smelter, with an annual capacity of 900,000 tonnes electrolytic aluminium. Absolute financial data is included in the purchased report. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Data may be intentionally delayed pursuant to supplier requirements. The aluminium market has taken the news in its stride. The transaction price is proposed to be 10.11 yuan per share, with a total consideration of 6.662 billion yuan. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Latest news about Aluminum Corporation of China Limited The latest closing price of Yunnan Aluminium stood at 9.58 yuan per share, with a premium of 5.5%. Yunan Aluminum Co., LTD was founded in 1979 and have been the leader of Aluminum Tubeu000bmanufacturing industry. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. 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. (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 . At present the company together with its shareholder Yunnan Metallurgical Group Corporation is engaging in the development of bauxite project in Wenshan, Yunnan. 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. 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. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. 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. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Ghana's independent power producers (IPPs) have suspended a threatened shutdown from July 1 after reaching an interim deal with the state-run Electricity Company of Ghana over arrears owed to them, the group said in a statement late on Friday. 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. The industry leader for online information for tax, accounting and finance professionals. Ghana's independent power producers (IPPs) have suspended a threatened shutdown from July 1 after reaching an interim deal with the state-run Electricity Company of Ghana over arrears owed to them, the group said in a statement late on Friday. Shanghai Metals Market forecasts China's September aluminium output to fall 3.4% month-on-month to 3.37 million tonnes following Yunnan's power rationing. 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. Purchase this report to view the information. Its products include building materials, decorative materials, metal materials, furniture, general machinery, auto parts and other related aluminum products. Not a member ? Power supplies to aluminium smelters in China's southwestern Yunnan province will be increased later this month, an official familiar with the situation told Reuters on Tuesday, allowing some capacity in the drought-hit region to restart operations. The company has won or been awarded nearly 100 honors and awards for its industrial achievement and contributions. Data show that by the end of 2021, China's total aluminium capacity stood at 43.25 million mt. Chalco Acquires 19% Stake in Yunnan Aluminium for 6.6 Billion Yuan. The rainy season will only start in May and it is possible, Citi says, that the transition from El Nina to El Nino weather patterns in the Pacific will mean more drought trouble for southwest China. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Now Its Going Mainstream, Hollywood Actors Union, Studios Extend Contract for Negotiations, Fox News to Pay $12 Million to Settle Ex-Producers Lawsuits, Thames Water's Woes Will Swamp the UK Government, Supreme Court Says All Americans Arent Created Equal, A Bidenomics Factory Boost, But Maybe Not in Reshoring, The Air Jordan Drop So Hot It Blew Up an Alleged $85 Million Ponzi Scheme, How a Prison Gang Inspired by Hollywood Heists Stole $23 Million, How a $100 Cheetah Cub Becomes an Illegal $50,000 Status Symbol, Wells Fargo Staffers Claim Anti-Latino Bias in Predatory Lending Scheme, Fired Wells Fargo Director Claims Racial Bias inFinance Group, Tesla Charging Hype Has Gotten Carried Away, Lucid CEO Says, Hurricane Beatriz Strengthens Off Mexicos West Coast, India's New Parliament Is Symbol of Modi's Nationalist Vision, Seoul Pride Goes Ahead In Shadow of Rising Anti-LGBTQ Rhetoric, New Chinese Canadian Museum Spotlights Hidden Histories, Fidelity Leads Flurry of Bitcoin ETF Refilings to Answer SEC, Fidelity, Other Bitcoin ETF Applications Refiled by Cboe to SEC, Kraken Ordered to Turn Over Its Users Information to the IRS. Registered inventory on both exchanges has risen fast, cushioning the supply chain from the loss of Chinese production momentum. Copyright 2023 Surperformance. SEO Published Jun 12, 2023 + Follow Walking into Banlun Township Industrial Park, Funing County, Wenshan Zhuang and Miao Autonomous Prefecture, the modern factory of Yunnan Shenhuo Aluminum. China is the world largest producer of primary aluminum. 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. 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. 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. 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 [email protected] Phone Number 0871-67455668 Lists Featuring This Company 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. However, it is evident the rolling power crunch in the Yunnan-Guizhou-Sichuan production hub has dragged on national output and the impact is likely to increase as more capacity is ordered offline. On February 23, Yunnan Aluminum Co., Ltd. replied that the company adjusted the production organization according to the requirements of the power grid. 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? "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. The Alumina segment is engaged in the production and sales of alumina, fine alumina and aluminum ore. We use cookies to provide a personalized site experience. 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). Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines. Today, Yunan will provideu000bhigher strength aluminum tubes to our customers Sources also noted that it can take months for aluminium production lines to resume operating once they have been halted. 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. 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].. 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. 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. read more. Since May 2021, due to the shortage of power supply, industrial enterprises in Yunnan Province have implemented orderly power consumption, and the electricity load of Yunnan Aluminum Co., Ltd. (hereinafter referred to as "Yunnan Aluminum Co., Ltd." or "the company") and its subordinate enterprises have been greatly reduced. 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. After the acquisition, the Company's industry status and profitability will be further enhanced. All rights reserved. Aluminum production in China's Yunnan province was disrupted by a series of power cuts. Yuannan Yongshun Aluminium Co. Ltd is a company jointly funded by Yongxin Aluminium Co. Ltd of Yunnan Aluminium Group and Xiamen Xiashun Aluminium Foil Co. Ltd. which produces mid-to-high end aluminium alloy flat ingot. Fundamental company data and analyst estimates provided by FactSet. After the latest mandated curtailments, operating capacity in the province will fall to below 3.30 million tonnes, according to analysts at Citi. That could delay smelter restarts or even lead to further cuts. Senior metals columnist who previously covered industrial metals markets for Metals Week and was EMEA commodities editor at Knight-Ridder (subsequently Bridge). China announced late on Friday that a series of fuel blending components would be subject to consumption tax with immediate effect, according to a joint statement of the Ministry of Finance and the State Taxation Administration. LME warehouses have registered 237,325 tonnes of inflow so far this month, bringing the headline stocks total to 581,300 tonnes, up by 134,050 tonnes or 30% on the start of the year. - 04:08:26 2023-06-30 am EDT. See here for a complete list of exchanges and delays. After the reconstruction of management in 1996 in accordance with theu000b high-end brand outdoor companies Yunan has been growing rapidly. Need ongoing access to company, industry or country information? Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Amiri has created a new, uniquely American vision of what a fashion house should be in the 21st century. The deal will expand Yunnan Aluminum's total capacity to 1.6 million tonnes/year. Indeed, Citi's view is that aluminium offers the best China recovery trade among the base metals over the next three months. Aluminium capacity has grown to around 5.25 million tonnes, making it the fourth largest provincial producer after Shandong, Inner Mongolia and Xinjiang. To view more information, Request a demonstration of the EMIS service. The Company produces aluminum ingots, alumina, and hydropower aluminum products. will read it for free! Companies business unit contains Aluminium foil, Aluminium strip, Electrician round aluminum rod, Cast aluminum alloy, Aluminium Ingot, Carbon for aluminum, alumina, Logistic hub and Equipment manufacturing base. Total aluminium capacity currently in operation in the southwestern province is roughly 5 million tonnes per year, accounting for more than 10% of the countrys total capacity. Benchmark AdministrationTerms of Use | Privacy Notice | Modern Slavery Act | Subscription Standard Terms, Chinese participants are mulling over nickel sulfate exports into neighboring Japan and South Korea, with the main driver the regional price gap between China and these countries, Fastmarkets heard on Tuesday June 27, North American steel scrap prices could decline further in July as summer slump hinders US ferrous trade leading to lower scrap demand in the short-term. China's southwestern province of Yunnan has ordered producers of electrolytic aluminum to reduce their power usage this week, the companies told. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. As of Friday April 22, the SMM Imported Copper Concentrate Index (weekly) stood at $82.63/mt, $1.48/mt higher than the previous week. Read more Sector Aluminum Calendar 08/30 Earnings Release More about the company 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. Access our data directly from your browser while you're visiting a website, reading the news or researching online. 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. Sept 16 (Reuters) - Yunnan Aluminium 000807.SZ, a unit of China's state-run metals group Chinalco, has cut its 2021 aluminium output target by more than 500,000 tonnes, or almost 18%, after local . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. SMM assumes no liability and does not warrant the accuracy, reliability or completeness . 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. mines and processes aluminum products. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. The duration of the production cuts has not been officially disclosed yet, but market sources believe it will depend on weather conditions in the hydropower-reliant region. Hear the latest economic, business and market news, as well as global, national, and local news. 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. See here for a complete list of exchanges and delays. See here for a complete list of exchanges and delays. 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. 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. January's estimated annualised production was 40.50 million tonnes, a drop of almost one million tonnes over the last five months. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. SHFE nickel remained high as a whole in April. It is the only "national environmentally friendly enterprise" in the non-ferrous metals industry and industrial . November 23, 2022 at 06:02 am This article is reserved for members Already a member? Company profile for Yunnan Aluminium Co. Ltd. including key executives, insider trading, ownership, revenue and average growth rates. The nonferrous . Opinions expressed are those of the author. Hydropower generation is typically weak from November onwards after the rainy season ends. Everything, depends on how long power rationing will last in Yunnan and its neighbours. S&P Capital IQ - 2022 Stocks mentioned in the article Latest news about Yunnan Aluminium Co., Ltd. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. SHANGHAI, May 5 (SMM) -In addition to the battery leader CATL, other power battery factories also raised their prices. Fastmarkets is amending the frequency of its price assessment for Shanghai equivalent-grade copper cathode premium to once every week from once every two weeks, following a 30-day consultation. 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.
Homes For Sale Wauneta, Ne, Costaterra Golf And Ocean Club, Alertmedia Board Of Directors, Articles Y