Chalco raises alumina price

Aluminum Corp of China Ltd (Chalco) has raised its spot price for alumina by 5.5 percent to 2,900 yuan ($437) per ton, according to a notice on the company's website.

Chalco, the country's top aluminum producer and the world's third-largest alumina maker, said on Wednesday that the increase would take immediate effect.

This is the second rise since August, when the company lifted its alumina price by 3.8 percent to 2,750 yuan per ton.

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