Chinalco H1 profit more than doubles

   Date:2011/08/23

Worldal reported that Aluminum Corporation of China pretax profit in the H1 surged 127.8% from a year earlier due to strong demand for aluminum, rare earths and copper.

Mr Yuan Li spokesman of Chinalco said that revenue gained 10.9% in the H1. The company posted large gains in all its core businesses including aluminum, copper, rare earths and trade and construction. The company is still doing final auditing and could not disclose the exact figures.

Nonferrous metal output at the country's largest diversified miners by gross assets was up 0.3% in the first 6 months.

 

 

Source:steelguru

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