Aluminum Corp. of China Ltd. (Chalco) saw its net loss widen in
the third quarter, due in part to oversupply and low aluminum
prices depressing the domestic market.
aluminum smelter posted a net loss of 1.29 billion yuan ($210
million) for the three months ended Sept. 30, up from a net
loss of 1.09 billion yuan a year earlier.
"The company is likely
to post a second straight full-year loss," Wang Rong,
Shanghai-based aluminum analyst at Guotai Junan Futures,
Aluminum output totaled 14.24 million tonnes in the first
eight months of the year, up 6.8 percent from the same period
last year, according to data from Chinas National Bureau
A version of this
article was first published in AMM sister publication Metal