Aluminum Corp of China (CHALCO) H

Chalco’s shares rose after the announcement that majority shareholder Chinalco plans to increase its holdings in Shanghai and Hong Kong within 12 months through purchases worth RMB 10–20 billion (max. 2% of registered capital). In addition, Chalco forecast a net profit attributable to shareholders for H1 2026 of RMB 11.2–12.2 billion, an increase of 58–73% year-on-year and the best interim result in the company’s history. Together with similar capital measures by state-owned firms, market participants viewed this as a targeted move to stabilize sentiment; the stock reached HK$8.08 intraday. » More on de.investing.com

Chinalco and parties acting in concert with it intend to acquire A- and H-shares of Aluminum Corp of China worth 1 to 2 billion yuan within the next 12 months. The purchases will not exceed 2% of the registered capital and will be financed from internal or self-sourced funds. The announcement drove prices in Shanghai and Hong Kong sharply higher; Chinalco currently holds about 30.5% directly and 33.6% including subsidiaries. » More on de.investing.com

The Aluminum Corporation of China (Chalco) plans to build an alumina refinery in Guinea with an annual capacity of 1.2 million tonnes and to invest about $1 billion. The plant would be Chalco’s first alumina facility outside China; the Guinean government would initially receive five percent for free or at a nominal price and can increase its stake to up to 35 percent. The project and export plans support Chalco’s strategy to secure bauxite resources and local processing, but still require approvals from shareholders and the government. The announcement lifted Chalco’s stock on the Hong Kong exchange by 2.4 percent; at the same time a rising aluminium price is helping the proposal. » More on handelsblatt.com

Rio Tinto has suspended all activities at the Simandou iron ore project in Guinea after an employee of a contracting firm died on the premises of the SimFer mine in the Nzerekore region. The company gave no further details about the incident or any potential impact on the project; a Chinese consortium led by Aluminum Corporation of China Ltd (A) is also involved in the project. » More on finanzen.net