Chinalco lifts Chalco stake to 34% with $98M share buy

What's the deal? ChinalcoDealroom has a profile for this one. Try Dealroom → has raised its stake in Aluminum Corp. of China (Chalco)Dealroom has a profile for this one. Try Dealroom → after buying an extra 659 million yuan ($98 million) of shares, according to a Hong Kong filing on 11 August 2026.

The details: Chinalco and its affiliates acquired 77.4 million shares — 47.6 million A-shares and 29.8 million H-shares.

After the purchases, Chinalco and its parties acting in concert held 5.83 billion shares, or about 34.01% of Chalco's total issued share capital.

The signal: The move tightens the state-owned parent's grip on its listed aluminium producer, extending its control over one of China's largest metals groups.

Read more: Aluminium Today

Image credit: peter_holland_australia