Chalco (ACH -1.2%) reports a worse-than-expected 2012 net loss of 8.23B yuan ($1.33B), citing...

|By:, SA News Editor

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.