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$13.30 -0.94 (-6.60%)
10/6/2008 4:02 PM

Aluminum Corp. of China Limited (ADR) (ACH)

CAPS Rating:
****

A joint stock limited company, with its subsidiaries is engaged in bauxite mining, alumina refining and aluminum smelting. Principal products are alumina and primary aluminum.

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Avatar PsychoDr (38.31) Submitted: 10/31/06 12:57 PM : Outperform Start Price: $17.03 ACH Score: 2.15

The largest producer of Aluminum and Alumina products in China, third largest in the world. The company has been growing rapidly, in line with the chinese economy. Aluminum and Alumina products are used in everything from technology and pharmaceuticals to construction and consumer products. CHALCO produces primary aluminum products for distribution, as well as selling bauxite ore (product that comes from the ground). CHALCO maintains control of its raw materials through sole proprietorship of eight bauxite mines, and is the primary operator of another 16 mines. Many of the smelting and production facilities (also run by CHALCO) are proximate to these mines, increasing productivity and driving down transportation costs. In 2001, Alcoa entered into a partnership with CHALCO, that also included an 8% stock ownership stake. A nice little dividend to keep you calm during any short term fluctuations.

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