Chinalco sees nonferrous metal prices trending up

Aluminum Corporation of China (Chinalco), the parent of Chalco (2600.HK) (601600.SS) and the country's top producer of the metal, said on Wednesday that it saw global nonferrous metal prices trending up.

"Currently, the nonferrous metal industry is stabilising and warming up, but the market is still not very stable," Xiong Weiping, President of Chinalco, told the official Xinhua News Agency.

"The global economic recovery will promote a continous rebound in nonferrous metal consumption and production," he added.

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