Chalco Says Falling Prices May Cause Cash-Flow Difficulties
Bloomberg reported that Aluminum Corp. of China Ltd., (SHA:601600) announced that few of its units will most likely face difficult cash-flow situations as prices continue to inch down.
As quoted in the market news:
Chalco advanced as much as 6.4 percent to HK$3.83 today in Hong Kong trading and was at HK$3.82 at the midday break, up 6.1 percent. The company will report third-quarter earnings after the market close tomorrow.
Click here to read the full Bloomberg report
Comment |
|
Tweet |
|
All content Copright 2011 Dig Media Inc. Disclaimer
Email
Print
Reproduction Request
Mon, Oct 24, 2011
Post by Anne Bagchi, Aluminum Researcher