Chinalco Makes Profit of CNY 3 billion from Jan-Nov

(China Aluminium Network) Chinalco, the country's biggest aluminum producer, made a profit of 3 billion yuan ($473.2 million) in the first 11 months of this year, but profitability has been hurt since October amid a volatile global economic climate, said Xiong Weipng, General Manager of the company.

But its copper, international engineering and trade operations remain profitable, which will buoy the company's growth, he added. 

He said Chinalco's diversification of its business portfolio, away from one solely focused on aluminum to a comprehensive mining company with operations in copper, rare earths, iron ore and coking coal, would ward off losses this year. 

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