|Bid||5.13 x 1100|
|Ask||5.37 x 800|
|Day's range||5.15 - 5.29|
|52-week range||4.60 - 9.20|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||16.06|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||26 Apr 2011|
|1y target est||14.51|
Chalco, China's biggest state-run aluminium producer, churned out 9% less metal in 2019 as it shut two uncompetitive smelters and barely eked out a profit in the fourth quarter, while it played down the impact of the coronavirus on the industry. Chalco, or Aluminum Corp of China Ltd, produced 3.79 million tonnes, according to its presentation to analysts reviewed by Reuters - just managing to retain its spot as the world's No.2 listed aluminium producer ahead of rival Rusal's 3.76 million tonnes. Top producer China Hongqiao last week reported an 11.3% drop in annual output to 5.64 million tonnes.
Commodities trading firm Noble Group Holdings Ltd said on Monday its subsidiary Talaxis has signed a memorandum of understanding (MoU) to potentially supply rare earths products to Chinalco Guangxi Nonferrous Rare Earth Development Co Ltd. Under the MoU, Talaxis will supply via sourcing, offtake and tolling of up to 42,000 tonnes of rare earths products, including concentrate and oxide, per year to Chinalco Guangxi, a joint-venture with China's biggest state-backed aluminium producer Aluminium Corporation of China (Chinalco). Chinalco Guangxi will also help Talaxis with its rare earth projects, including the construction of the Songwe Hill rare earths project in Malawi in southeast Africa, according to the statement.