Guinea's Minister of Mines and Geology announced plans to build five alumina refineries by 2030. Three projects — from Chinalco, SPIC, and SMB-Winning Consortium — are already under construction, with a combined planned capacity of 4.8 million mt. The Guinean government is currently in talks with Alcoa (CBG) for an additional alumina refinery project, as the country pushes to transition from a bauxite exporter to an alumina processor and move up the global aluminum value chain.

In Guinea, in the capital Conakry, Chalco Hong Kong—the project investment entity of Chalco, a publicly listed firm under Chinalco Group—signed an agreement related to the alumina project with the Guinean government. The local time in Guinea was May 21. The Chalco Guinea alumina project is another major international project invested and constructed by Chinalco Group in Guinea, following the Simandou iron ore project. Leveraging Guinea's high-quality resources, the project plans to invest approximately $1 billion to build a production line with an annual output of 1.2 million mt of alumina.

China First Heavy Industries has successfully completed the trial rolling of the domestically designed and manufactured 3500mm copper and copper alloy wide and thick plate cold and hot rolling mill, the first of its kind in China, for Chinalco Luoyang Copper Processing Co., Ltd., achieving the goal one month ahead of schedule. This marks a major breakthrough for China in the field of high-end copper and copper alloy wide and thick plate rolling equipment.

In a volatile fusion of tariff tensions, supply chain snarls, and shifting trade dynamics, US aluminium import costs have surged to multi-year highs, reshaping the metals market and sending shockwaves through American manufacturing.

Aluminium is an essential component of the global economy, and this week, the upstream sector witnessed some significant events. For instance, India's bauxite mining sector has grown in the non-ferrous segment, achieving an output of 23.93 million tonnes in FY 2023-2024.

The "Green Technology and Engineering Demonstration of Efficient Production of New Powder Materials by Bayer Process Red Mud" project by Chinalco Shandong Co., Ltd. has achieved a significant milestone.