Aluminum Corp. of China Ltd. (ACH)

[*MARINE 1*]

Flipped out some shares yesterday for good measure.

Last Price (USD) $ 11.25

[oilslick]

My how this thing has fallen from it's 52 week high. You see a bottom in sight here?

[*MARINE 1*]

new high of the day $9.23

[*MARINE 1*]

UPDATE 1-China eyes cheaper electricity for aluminium firms (Aluminum OF China)




By Polly Yam
HONG KONG, Nov 19 (Reuters) - China's electricity producers have started
cutting the fees at which they sell power to aluminium producers, smelter and
power sources said on Wednesday, which could help smelters avoid further output
cuts and boost flagging demand for electricity.
The aluminium industry in the world's biggest producer and consumer of
the metal uses around 6 percent of the country's electricity output, but has
been cutting back sharply in the face of lower prices.
Provincial governments are keen to maintain local aluminium production to
save jobs as the economic slowdown bites, smelter officials said, while power
firms are facing sharply lower demand.
The country's industrial output slumped to a 7-year low in October and
demand for power has slowed since late summer, with power production falling in
October for the first time in a non-holiday month for a decade.
While power prices are state controlled, some provincial governments have
already cut prices to smelters, and others are planning cuts. Power producers
submitted a proposal to the central government on Wednesday to be allowed to do
the same.
Power producers had asked the State Council, China's cabinet, to formally
allow local power plants to make deals with aluminium smelters directly at fixed
prices, which would be lower than prices set by Beijing, a source at a power
group involved in submitting the proposal said.
"We will ask the government to allow local power plants to sell
electricity to aluminium smelters directly through regional grids," the source
said.
"Such prices should be lower than official ones," he added.
Smelter officials said power fees of aluminium smelters in Guizhou and
Yunnan provinces are expected to be cut by 0.03-0.05 yuan per kilowatt hour from
December, about 10 percent of the current levels. Fees to smelters in Ningxia
and Inner Mongolia had already been reduced.
China produced 1.09 million tonnes of primary aluminium in October, down
0.9 percent on the year for the first fall in years. The output consumed about
15.232 billion kilowatt hours of electricity, 5.8 percent of China's total
output.
About one million tonnes of aluminium production capacity, including
720,000 tonnes at Chalco, has been shut since Oct. 23 when production costs
surpassed prices in China by more than 2,000 yuan per tonne at 15,500-16,500
yuan.
For a factbox of China's aluminium cuts, click on
But production costs have fallen to around 13,000 yuan per tonne now,
given lower prices of raw materials such as coal and alumina, the main material
for aluminium production, smelter officials said. The costs could fall to around
12,000 yuan in coming months.
Spot aluminium traded at about 13,680 yuan on Wednesday, making
production profitable.
"Smelters will not cut more production, given falling costs," a senior
executive at a large aluminium smelter said.
But smelters are unlikely to resume production at the shut capacity until
the first quarter of next year, given weak domestic demand and high restart
costs, smelter officials said.
By Reuters calculations, restarting a modern Chinese smelter with
capacity of 100,000 tones a year cost around 53 million yuan in mid-October.
Fears of a global economic slowdown prompted by the financial crisis have
reduced orders for aluminium products from buyers both overseas and in China.
About 800,000 tonnes to 1 million tonnes of primary aluminium ingots,
more than 70 percent of China's October output, are estimated to be sitting at
private and public warehouses, and smelters' yards, while aluminium inventories
in LME warehouses jumped another 81,975 tonnes on Wednesday to 1.7 million
tonnes, the highest since January 1995.
"Chinese smelters won't cut more production. But overseas smelters may
do, given weak demand in the global market," the Guizhou smelter source said.
Aluminium for delivery in three months on the London Metal Exchange has
fallen 21 percent since the end of September to $1,905 a tonne on Wednesday,
down 44 percent from the July record high.
($1=6.83 yuan)
(Editing by Michael Urquhart) Keywords: CHINA POWER/ALUMINIUM
([e-mail]; [phone]; Reuters Messaging:
[e-mail])

[*MARINE 1*]

Looks like it was just on time!!!!

[*MARINE 1*]

Still holding some shares, NICE finish though!!!

[*MARINE 1*]

ACH sitting at $10.76 time to take profits imo.

[*MARINE 1*]

Closed at 10.25.........I'll take it

[*MARINE 1*]

Holding steady at 10.62 :)

[*MARINE 1*]

Still green.....sitting at $10.60

[*MARINE 1*]

Up 16.4%

[*MARINE 1*]

New High $9.54

[*MARINE 1*]

[*MARINE 1*]

UP 21.20% WHooooohooooo. I love talking to myself :)

[*MARINE 1*]

Now up .90!!!!!!!!

[*MARINE 1*]

ACH is bouncing big!!!!! went up 10cents in two seconds!!

Just HIT HOD!



<font color=#b22222>THE MARINES CORNER....."NEVER FORGET"
http://investorshub.advfn.com/boards/board.aspx?board_id=11465

[*MARINE 1*]

Reminder:


HONG KONG, Oct 10 (Reuters) - Aluminum Corp of China Ltd
(Chalco)<601600.SS>, the country's top producer of primary aluminium, may
shut down some high-cost aluminium capacity due to low prices, its investor
relations manager said on Friday.
Zhang Qing said Chalco would try to make up the volume by running full
capacity at its low-cost aluminium operations. Chalco may cancel or shorten time
for repairs at those low-cost smelters to increase production, she said.
"We are going to fine-tune operations to cut losses," Zhang said.
Chalco, the world's third-biggest producer of alumina which is the main
material for aluminium production, maintained its output target of 3.5 million
tonnes of primary aluminium this year, Zhang said.
She said nearly all aluminium smelters in China should be making losses as
current prices were below production costs.
Spot aluminium was offered at about 13,260 per tonne in Shanghai, down 20
percent in the past month and below many smelters' production costs at
16,000-18,000 yuan per tonne.
"We may close down one of our two systems," an official at Chalco's Pingguo
plant in Guangxi said.
The system that may be shut down had 25,000 tonnes of primary aluminium
capacity, he said. Pingguo would run full rates at its other system, which has
130,000 tonnes of capacity.
Pingguo's smelter was using cheap hydro-electricity but it would face higher
electricity costs in the winter when it switched to power supplies from thermal
power plants, he said.
Other high-cost aluminium smelters in China are expected to shut down some
capacity in coming months if aluminium prices stay below production costs.
Sichuan Aostar Aluminum started closing a third of the capacity at a
125,000-tonne-a-year smelter in late September and planned to shut further if
prices remained weak.

[*MARINE 1*]

CEO Xiao Yaqing
Employees 68,200
Issue Type AD
Market Cap $1,491M

[*MARINE 1*]

Address No.62 North Xizhimen Street, Haidian District, Beijing, , CI
Telephone [phone]
FAX [phone]



<font color=#b22222>THE MARINES CORNER....."NEVER FORGET"
http://investorshub.advfn.com/boards/board.aspx?board_id=11465

[*MARINE 1*]

Website www.chalco.com.cn
Email [e-mail]

[frenchee]

looks like next stop is 26.50...

[*MARINE 1*]

Wow,
That's huge :)..........Nice going

[frenchee]

New iBox MARINE-1.

[*MARINE 1*]

ACH still pumping it out!!!!

Unfortunately Aluminum isn't doing to well in china so look for the drop soon!!

[*MARINE 1*]

ahhhh so I'm not crazy ah?
Looks like you and I are the only ones looking for improvement here.

Kudo's !!!!

[frenchee]

up 4% so far today...

[*MARINE 1*]

Wow another dead board? ACH doing really well right now.5day string!

[takeover]

I took great profits on this one around $70 - anyone have an idea where it might bounce? I am thinking $50

[takeover]

IMO it trends north still but I flipped when it hit $85 was an limit order so glad I did cause I was traveling. Metal stocks to continue to raise IMO

[redshirt8]

What to do? What to do? Laugh as I lock in my profits? Or is this ride going to continue? Do I hold on until the Olympics?

[takeover]

The saga continues.... (up 7.44% as of Friday's close)

[takeover]

Trend continues, metals are looking strong going into 4th quarter

[takeover]

Can't go wrong with the worlds fastest growing county - still holding a lot of ACH

[redshirt8]

I bought this last fall for $20.00. Been smiling ever since. When it doubled I sold half and bought HNP. Go CHINA!

[takeover]

Took profits at $72 on the way up and I think $65 is the lowest it will drop maybe only $67 - what say you?
$$

[takeover]

Interested if have some tips for me private message me TIA

$$

[timhyma]

Sorry my friend. I no longer follow the stock. If it pops up on a screener down the road, may be back.
But, I made my play, and moved on for now

[takeover]

ACH continues its rise - any thoughts to where it might guy guys?

$$

[takeover]

Anything China is hot and this is leader of the pack IMO - long here folks

$$

[Maddog]

Yeah, this has been a great find, it has definitely gone crazy over the last 4-5 months.

[takeover]

I have very high expectations here & thank you maddog

$$

[Maddog]

Welcome to the board! eom.

[takeover]

I think they are way stronger, started buying in the 60's two weeks ago - expect to see this one go a lot high

$$

[mike9798]

ACH was one of the top most researched stocks on www.dailystocks.com . This has never happened before. I wonder if China stocks will be stronger as a result of all the uncertaintly in the U.S. stock markets.

[timhyma]

yea- I made 20% right quit, and sold. Missed the top by a long shot, lol.

[Maddog]

Been quite a run for ACH

[timhyma]

Wading through the bloody streets, and picked up some more at 25.16

[timhyma]

Somehow, I'm suddenly in the hole with this one? How'd that happen?

[badknees29]

great run today, lets hope we don't give it back tomorrow

[Maddog]

Looks like a buying opportunity today

Chinese ADRs tumble after official warns of bubble


Last Update: 10:08 AM ET Jan 31, 2007


NEW YORK (MarketWatch) -- U.S.-listed shares of Chinese companies tumbled Wednesday, tracking steep losses in their home market after a senior legislator said the market may be overheated after a 130% gain in 2006. The comments by Cheng Siwei, vice-chairman of the standing committee of the National People's Congress, in an interview with the Financial Times, raised concerns the Chinese government may take official action to cool speculation after the market hit a record high last week. Chinese ADRs fell across the board.