Chalco swings to a first-half loss on lower aluminum prices

Aug 27, 2012 | 01:24 PM |

Tags  Aluminium Corporation of China, Chalco, aluminum, China, Indonesia, Xinjiang, Inner Mongolia, Erdenes MGL

SHANGHAI, China — Aluminum Corp. of China Ltd. (Chalco), the country’s largest producer of the lightweight metal, swung to a loss in the first half of 2012 due to lower metals prices and higher power and raw materials costs.

Chalco’s net loss for the first half of 2012 was 3.25 billion yuan ($513 million), compared with a net profit of 413 million yuan a year earlier, the company said.....

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