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Chinalco - wenn nicht jetzt, wann dann?

Chalco, Naja der Aluminiumpreis ist nun nicht so überragend gerade [mehr]

hoch - höher - am höchsten

Chinalco obtains rare-earth rights, 2011-04-12 10:16:37 Source:China Daily The aluminum producer will take a controlling stake in a new venture Aluminum Corporation of China Ltd (Chinalco), the nation's largest aluminum producer, will take a controlling stake in the rare-earth subsidiary of the State-owned Guangxi Nonferrous Metals Mining Group. That's according to the chairman of Guangxi Nonferrous, Li Yangtong, who told China Daily that the companies have signed a preliminary agreement for access to resources in the Guangxi Zhuang autonomous region. Chinalco, Guangxi Nonferrous and Grirem Advanced Material Co will establish a joint venture to develop rare-earth resources owned by Guangxi Rare Earth Development Co (GRED) - a wholly owned subsidiary of Guangxi Nonferrous Metals Mining Group - which is mainly engaged in rare-earth mining rights and product development. "Chinalco will hold a 50 percent stake, while Guangxi Nonferrous will obtain 40 percent and Grirem [mehr]

Neue Kursrakete? - Aluminum Corp. of China Ltd.

China Minmetals plans IPO for rare earth unit, Shanghai, 3 November 2010 Chinese mining giant Minmetals plans to list its rare earth unit as the price of rare earth elements hit new highs amid supply worries, the China Business News reported on Wednesday, citing an unidentified source. China Minmetals Rare Earth Co Ltd, which mainly produces the more expensive heavy rare earth elements in the Ganzhou area of Jiangxi Province, reported revenue of 1.98 billion yuan ($296.5 million) in 2009, the newspaper said. http://www.commodities-now.com/news/metals-and-mining/4003-china-minmetals-plans-ipo-for-rare-earth-unit-paper. [mehr]

Chalco

Chalco -++, China's Chalco Q3 net profit 2.04 billion yuan, below forecast Aluminum Corp of China (Chalco), the nation's biggest aluminum producer, said third-quarter net profit totaled 2. 04 billion yuan. For the first nine months, net profit was 8.44 billion yuan, Chalco said in a statement to the Hong Kong stock exchange late Monday. It did not provide year-earlier figures or other details. The results came in weaker than expected, said JP Morgan analyst Feng Zhang. ""We suspect the weaker-than-expected results are mainly because of higher costs, mainly higher alumina costs such as heavy oil, coal and bauxite costs, "" said Zhang. Alumina is a powder refined from bauxite and used to produce aluminum, a lightweight metal used in making beverage cans and in aircraft. Chalco produces both alumina and aluminum. Aluminum prices in the third quarter were 2 percent below the first-half average, while gross margin in the period was 23 percent, down from 29 percent i [mehr]