CHINA ALUMINIUM POSTS HUGE LOSS AS MARKET PRICES FALL

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August 27, 2012

BEIJING - The Aluminum Corporation of China Limited (Chalco) has reported first half losses of RMB3.25 billion, in sharp contrast to the RMB413 million profit posted in the same period of 2011. The losses were incurred by falling market prices, rising costs of raw materials, and higher financial costs, according to Chalco, China’s largest aluminum producer (ATI).