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Reuters: China seeks aluminum shake-up in state reform push

Aug. 28, 2015 10:32 AM ETAluminum Corporation of China Limited (ACHHY) StockACHHYBy: Carl Surran, SA News Editor
  • 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.

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