Chinalco Lose 22,000 Thousand Yuan per Day

(China Aluminum Network) Last year, Chinalco made a large loss again. According to the data displayed the company lose 8.234 billion Yuan, namely every day lose 22,560 thousand Yuan, this was the largest deficit since appeared on the market in 2007. In 2009 lose 4.646 billion Yuan this was the first time for the company emerged large loss.

It is reported that alumina section lose 3.745 billion Yuan, primary aluminum section lose 3.085 billion Yuan, aluminum process section lose 1.386 billion Yuan, headquarters and other operation section lose 1.449 billion Yuan.

In fact, Chinalco’s loss was the reflection of the whole aluminum industry. The global aluminum market was sluggish, high energy cost and aluminum price was far away from the cost line leaded aluminum industry sunk into the hard time. China Non-Ferrous Metals Industry Association data showed the loss scale of domestic electrolytic aluminum reached 93%.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.