Luo Jianchuan News
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Aluminum Corp. of China Ltd., the nation’s biggest producer, said it swung to a full-year loss on falling prices and higher costs for alumina, which is used to produce the lightweight metal.
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Aluminum Corp. of China Ltd., the country’s biggest producer, is seeking to tap bauxite resources and build processing plants abroad after Indonesia, the largest supplier to China, curbed exports.
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The benchmark index for Chinese equities in New York rose for the first time in three days as gains in China Life Insurance Co. overshadowed concern a U.S. probe focusing on auditors of China-based stocks will spur delistings.
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Aluminum Corp. of China Ltd., the country’s biggest producer of the metal, said some of its units may face “tough” cash-flow situations as prices continue to plummet, President Luo Jianchuan said.
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Shares of the following companies may have unusual moves in China trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
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Aluminum prices in China have dropped below the cost of production, according to the nation’s biggest maker, putting pressure on smelters to reduce output.
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Aluminum producers in Henan province, the largest maker of the metal in China, agreed to curtail 700,000 metric tons of capacity, a metals association official said, confirming a Xinhua News Agency report.
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Aluminum Corp. of China Ltd. , China’s largest maker of the metal, will seek bank loans after an equity market decline forced it to delay share sale plans.
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Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, turned to profit in the third quarter after metal prices increased.
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JPMorgan Chase & Co. tapped Lou Jiwei , head of China’s $332 billion sovereign wealth fund, and former U.K. Prime Minister Tony Blair to kick off a three-day forum in Beijing tomorrow on China’s changing role in the world.
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