Chalco cool on raising alumina imports amid China shortages [Reuters]
Aluminum Corporation of China Limited American Depositary Shares (ACH)
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Source: Reuters
Chalco cool on raising alumina imports amid China shortages - Reuters 2 Min Read SHANGHAI (Reuters) - Aluminum Corp of China Ltd, known as Chalco, will only increase alumina imports if prices are low enough, an executive from the company’s trading unit said on Tuesday, even as shortages loom in northern China. At least two alumina refineries have shut in Shanxi province amid an environmental dispute over red mud, a toxic byproduct of the alumina refining process, sparking fears of a supply shortfall. Alumina is used to make aluminum metal. “We still need to look at the price. If the price is suitable we will import,” Li Guangfei, deputy general manager of China Aluminum International Trading Co, a Chalco trading arm, said on the sidelines of the Shanghai Derivatives Market Forum. “At present the import price is not too suitable,” he added. Chalco had 18.86 million tonnes of annual alumina refining capacity in China at the end of 2018, including at plants in Shanxi, according to its an
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