Established on February 23, 2001, Aluminum Corporation of China is a key State-owned enterprise directly supervised by the central government. It is China’s largest nonferrous metal enterprise principally engaged in mineral resource development, nonferrous metal smelting and processing, related trading and engineering and technical services.
It is the world’s second largest alumina producer and its third largest primary aluminum provider. It also has the strongest copper production in China, and is one of the country’s key major rare earth companies.
Chinalco, as it stands today, has 68 member enterprises. It operates in more than 20 countries and regions. Its total assets have grown to 500 billion yuan and its sales revenue in 2016 amounted to 310 billion yuan. It has been ranked as a Fortune Global 500 company since 2008.
Chinalco’s mid- and long-term strategy is to strengthen its aluminum business, optimize its copper segment and improve its rare metals sector, with ever growing and diverse businesses of engineering, mineral resources and industrial finance. It will expedite the shift to the upper stream of the industrial chain in four major sectors (aluminum, copper, rare earths and iron ore) and to the high end of the value chain of aluminum and copper fabricating, enhancing supplies of national strategic mineral resources necessary for the national defense industry and developing into a world-class company with global competitiveness, increased profit and value for shareholders, and higher levels of income for staff, pioneering a new chapter in realizing the China Dream.
Copyright©2020 China Daily. All rights reserved.