HomeChina Stock News Fitch Rating: Chalco to benefit from integration of upstream and downstream sector
Fitch Rating: Chalco to benefit from integration of upstream and downstream sector
Written by Administrator
Wednesday, 05 September 2007
BEIJING, Sept. 5 (InfoChina) – Fitch Rating said that Aluminum Corp of China (Chalco, ACH.NYSE, 2600.HK, 601600.SH) would benefit from integration of upstream alumina business and downstream primary aluminum business.
It also predicted that primary aluminum sector would contribute more than 60 percent of Chalco’s revenue in 2007, up from 35 percent in 2005.
Price fluctuation of alumina will cast fewer impacts on Chalco’s overall performance, deemed Fitch Rating. (Edited by Chen Dongyi,
)
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