OBPAI Geek Team•2026/8/12•0 阅读
Global Aluminum Companies of 2026
2025 primary output: Chalco 8.08 Mt leads Hongqiao 6.545 Mt; Rusal 3.92; Rio Tinto 3.38 attributable.
aluminumChalcoHongqiaoRusal2026
Main table: 2025 primary / electrolytic aluminum
Compiled 2026-08-12. Ranked by company-disclosed 2025 primary aluminum (incl. alloys) / electrolytic aluminum in 10,000 tonnes. Copper peers: global copper miners.
| # | Company | HQ | 2025 (10kt) | Note |
|---|---|---|---|---|
| 1 | Chalco | China | 808 | Primary incl. alloys; IR confirmation |
| 2 | Hongqiao group | China | 654.50 | ~14.8% of China (Antaike) |
| 3 | Rusal | Russia | 391.8 | −1.9% YoY; hydro-heavy |
| 4 | Xinfa Group | China | ~360 | Industry estimate; unlisted |
| 5 | Rio Tinto | UK / Australia | 338 | Attributable; +2.5% |
| 6 | EGA | UAE | ~240–270 | Smelter capacity band |
| 7 | Vedanta Aluminium | India | 242 | FY25 to Mar 2025; record |
| 8 | Alcoa | USA | 231.9 | +5% YoY |
| 9 | Norsk Hydro | Norway | ~210 cap. | Smelter capacity; output +2.5% |
| 10 | Hindalco (primary) | India | ~150 | Primary smelting; Novelis rolling separate |
On 2025 disclosures, Chalco’s 8.08 Mt primary (incl. alloys) tops Hongqiao’s 6.545 Mt electrolytic output. Chalco-group smelting capacity is often cited near 7 Mt; Hongqiao’s compliant capacity is about 6.46 Mt.
Global and China snapshot
| Metric | Value | Source |
|---|---|---|
| World primary Al | ~73.78 Mt (+1.1%) | IAI 2025 |
| China electrolytic | ~44.2–45.0 Mt | Antaike / NBS ranges |
| China capacity ceiling | ~45 Mt/y | Swap policy; near full utilisation |
| China share | ~59–60% | Production and use |
How we ranked
Primary sort is 2025 primary/electrolytic output; industry and P&L slices reuse ARs. Board defaults to S–D.
| Source | When | Used for |
|---|---|---|
| Chalco IR / Securities Daily | 2026-07 | 808 ×10kt primary |
| Hongqiao Holding AR summary | 2026-03 | 654.50 ×10kt |
| AIT · Rusal | 2026 | 3.918 Mt |
| CRU AMU · Rio Tinto | 2026 | 3.38 Mt attributable |
| AIT · Alcoa | 2026 | 2.319 Mt |
| AIT · Vedanta | 2025–26 | 2.42 Mt FY25 |
| AlCircle · IAI | 2026 | World ~73.78 Mt |
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文章来源：OBPAI TierList