Chalco returns to profit in Q3

Aluminum Corp of China Ltd (Chalco) (2600.HK), the world's most valuable aluminium maker, returned to profit in the third quarter on recovering demand and prices for the metal used in transport and packaging.

China's top alumina and aluminium producer (601600.SS) (ACH.N) posted a July-September net profit of 21.27 million yuan ($3.11 million) versus a profit of 173 million a year ago, based on China accounting standards.

Chalco reversed losses made in the previous three quarters after it raised alumina spot prices five times this year by a total 32.5 percent on rising demand for the main component of aluminium production.

Chalco shares rose 15 percent in Hong Kong in July-September, in line with the broader market .

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