- China is trying to push its two biggest aluminum businesses together as part of a planned shake-up of state-owned enterprises, a move that would create the world's largest aluminum maker, Reuters reports.
- Power company State Power Investment is in talks to spin off its aluminum assets to Chinalco (ACH -0.7%), according to the report.
- SPI, which inherited the loss-making aluminum assets when it was formed from the merger of two state-owned enterprises in June, is said to be eager to abandon the sector, which is suffering from a supply glut.
Reuters: China seeks aluminum shake-up in state reform push
Recommended For You
More Trending News
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
ACHHY | - | - |
Aluminum Corporation of China Limited |