Aluminum Corporation of China Ltd

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  • Mar. 27, 2013, 9:53 AM

    Chalco (ACH -1.2%) reports a worse-than-expected 2012 net loss of 8.23B yuan ($1.33B), citing higher raw material costs and lower aluminum prices; ACH posted a net profit of 238M yuan in 2011. Although ACH expects to return to profit this year as the global economy picks up, analysts say China's aluminum industry still faces serious overcapacity.

    | Mar. 27, 2013, 9:53 AM
  • Jan. 30, 2012, 11:18 AM

    Aluminum Corp. of China (ACH -9.3%) plunges after warning it expects to post a Q4 operating loss, and sees its 2011 net profit falling 50% Y/Y. The company blames a combo of falling aluminum prices and rising electricity prices (increases production costs).

    | Jan. 30, 2012, 11:18 AM
  • Nov. 2, 2011, 3:24 PM

    Noranda Aluminum (NOR +22.4%) takes off after reporting Q3 revenue of $400.4M (+27% Y/Y) and EPS of $0.45, blowing past consensus by $36.4M and $0.22, and forecasting 2012 demand to be similar to 2011 levels. In addition, Noranda is declaring its first quarterly dividend ($0.03/share), as well a $1/share special dividend. Rising in sympathy: AA +3.3%. CENX +5.1%. ACH +9.3%.

    | Nov. 2, 2011, 3:24 PM
  • Aug. 29, 2011, 8:17 AM

    Shares of Aluminum Corporation of China (ACH) are down 4.4% after the firm reports a 22% drop in H1 net profit. The company says losses from hedging activity and rising sales costs socked profits.

    | Aug. 29, 2011, 8:17 AM
Company Description
Aluminum Corporation of China Limited is engaged in manufacturing and distribution of alumina, primary aluminum and aluminum fabricated products. It also engaged in the development of bauxite related resources, the production, and fabrication.
Industry: Aluminum
Country: China