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Chinalco is a SASAC-owned holding group and China's largest, and one of the world's largest, integrated non-ferrous metals producers. Its core listed subsidiary Chalco runs China's largest bauxite-mining, alumina-refining, and primary-aluminum-smelting business.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 5 suppliers, 5 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Rank-1 named customer in the trade-business (>10%-of-revenue) sub-table; not one of the unnamed company-wide top-5.
The controlling parent itself, named as a trade-business customer in its own listed subsidiary's filing.
Name is not proven affiliated with the unrelated dossier `jinchuan-group-international` (Jinchuan Group's nickel/cobalt arm) — 金川 (\"Jinchuan\") is a common Chinese place-name/brand token; treat as a namesake unless a corporate tie is separately confirmed.
Mongolia's state coking-coal miner (Tavan Tolgoi deposit) — named as a trade-business supplier; the traded commodity is coal, not one of this dossier's tracked materials, but the relationship itself is the finding per this wake's Western-major watchlist discipline.
Chile's state copper miner — has its own dossier at docs/intelligence/dossiers/codelco.md; cross-dossier link, Chinalco's trading arm as a named Codelco copper customer. Refresh 2026-09-27: material tagged copper (Codelco sells copper; its lithium is a separate JV). Origin is Chile (all Codelco production is Chilean) but the filing does not state the delivery point, so the corridor is not pinned — this pair credits the headline but not STRICT.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
This company sits on the supply side for 6 of its 6 materials — a restriction on those is a tailwind, not a headwind.
Dossier discloses a neodymium exposure with no Dy/Tb/Sm tag and a sector where doping is not the rule — whether this company's magnets are Dy/Tb-doped is not on record. Resolved by a disclosed magnet grade, or a named magnet supplier in named_counterparties.
A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.
As a producer, policy pressure across its produced materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇬🇳 GN accounts for 100% of severity-weighted pressure.