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Town and Commune
Region Los Ríos
Province Valdivia
Municipalidad Lanco
Comuna Lanco
 • Type Municipalidad
 • Alcalde Rolando Peña Riquelme
Population (2002 census [1])
 • Total 2,566
Time zone Chilean Standard (UTC−04:00)
 • Summer (DST) Chilean Daylight (UTC−03:00)
Area code(s) Country + town = 56 + ?

Malalhue is a town (Spanish: pueblo) in the commune of Lanco located northwest of Panguipulli, Chile. The main economic activity of the zone is the manufacturing of oriented strand boards at Louisiana-Pacific's a manufacturing plant near the town. The town lies along the 203-CH route that connects Panguipulli with Lanco at the Chile Highway 5.

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Coordinates: 39°32′S 72°31′W / 39.533°S 72.517°W / -39.533; -72.517