Aluminum Corp. of China Ltd. ALMMF

What this company does

The company refines bauxite into alumina, which it then smelts into primary aluminum. In addition to alumina and primary aluminum, it produces and sells chemical alumina products, including alumina hydrate and alumina-based industrial chemical products, and carbon products such as carbon anodes and cathodes. It is also engaged in the trading and logistics of alumina, primary aluminum, other non-ferrous metal products, coal products and bulk raw and ancillary materials, and in coal mining and power generation. As of December 31, 2022 it owned and operated 14 bauxite mines in China and a bauxite mine in Guinea. It currently operates 12 alumina refineries and one research institute, with two of the refineries integrated with primary aluminum smelters and a total designed annual production capacity of approximately 22.26 million tonnes as of December 31, 2022. The company also operates nine primary aluminum smelters in China, which had an aggregate annual production capacity of approximately 7.35 million tonnes as of December 31, 2022. Its operations are organized and managed in five business segments: alumina, primary aluminum, trading, energy, and corporate and other operating. After elimination of inter-segment sales, the alumina, primary aluminum, trading, energy, and corporate and other operating segments accounted for approximately 5.6%, 29.7%, 61.4%, 3.1% and 0.2% of total revenues in 2022.

Written from the business description in ALUMINUM CORP OF CHINA LTD's annual report to the U.S. Securities and Exchange Commission, filed 25 April 2023. Every sentence was checked against that document before publication.