Year end summary of China Aluminum Industry in 2024

In 2024, China's aluminum industry has made remarkable achievements in production and operation, technological innovation and market performance, but it also faces some challenges and uncertainties. What

Production and operation

In 2024, Chalco made remarkable achievements in production and operation. The company actively responds to market challenges, continuously optimizes production processes, and improves product quality and efficiency. In terms of product research and development, the company has invested a lot of resources and energy and successfully launched a series of new products with market competitiveness. At the same time, the company has strengthened communication and cooperation with customers, expanded sales channels and increased market share

Technological innovation

In terms of technological innovation, Chalco has always maintained a leading position in the industry. The company has actively introduced and absorbed advanced technology and experience, forming its own core technology. These technologies have played an important role in product production and quality control, and have brought significant competitive advantages to the company

Market performance

In 2024, Chalco's market performance is also very bright. In the first half of the year, the company achieved an operating revenue of 110.718 billion yuan and a total profit of 12.969 billion yuan, an increase of 93.00% year on year; The net profit was 11.290 billion yuan, a year-on-year increase of 102.09%; The net profit attributable to the parent company was 7.016 billion yuan, a year-on-year increase of 105.36%

The output of primary aluminum increased significantly, and the prices of aluminum and aluminum oxide increased significantly, resulting in significant profit growth

Challenges and uncertainties

Despite the remarkable achievements, China's aluminum industry also faces some challenges and uncertainties. The production capacity of electrolytic aluminum has reached the upper limit of 45million tons. The tight balance between supply and demand in the industry may intensify, and the development of the aluminum industry will face greater uncertainty

In addition, the high price of upstream raw material alumina has an impact on the profits of aluminum smelting enterprises

Under the environment of energy saving and carbon reduction, the development of green aluminum is also facing challenges.