Chinalco was established in 2001 when 12 Chinese enterprises and institutions in the aluminum industry were consolidated into Chinalco.
In 2001 Chinalco formed Chalco. Chinalco transferred to Chalco the majority of its alumina and primary aluminum production operations, research activities, mining operations and mining rights for its bauxite mines, as well as other related assets and liabilities. Chalco was listed on the New York and Hong Kong stock exchanges in 2001 and the Shanghai stock exchange in 2007. Chinalco continues to hold 38.56% of the issued share capital of Chalco.
In 2003 Chinalco established China Aluminum International Engineering Co. Ltd (“Chalieco”). Chalieco’s major assets include the Guiyang Aluminum & Magnesium Engineering & Research Institute and the Shenyang Aluminum & Magnesium Engineering & Design Institute, which were previously wholly-owned subsidiaries of Chinalco. Chalieco provides engineering design and contracting services to the metals industry. Chinalco continues to hold 95% of the issued share capital of Chalieco.
In 2006 Chinalco, together with Fushun Aluminum Plant, established a joint venture, Fushun Titanium Co Ltd, in which Chinalco has a 70% interest.
In 2007, Chinalco acquired 49% of Yunnan Copper Ltd (Group), the third largest producer of copper in China, significantly expanding the scale of its copper business.
After seven years of rapid development, restructuring and acquisitions, Chinalco has established a diversified metals business in domestic and global capital markets.
