Chinalco this year is expected to fully turnround

China aluminum corporation announced recently, after several years in a row loss, chinalco in 2015 is expected to achieve the comprehensive turnround plate.

Since 2014, although the global economic recovery, but still have not much confidence in the market, the structural contradiction of supply and demand is still very prominent, domestic aluminium spot even below 12500 yuan/ton, copper one-day fall in the six years. However, chinalco, said an official with the company after years of efforts, chinalco’s business scope covers the whole aluminum, copper and rare earth industry chain, for the low market environment have the ability to forecast and quite grasp to ensure that each sector profitability in 2015.

The confidence of the turnround on the one hand, from the benefits of diversification development. Chinalco cultivates the diversification development strategy has seen the results for many years, for substantially less dependent on a single plate, which not only reduced the group’s percentage of loss-incurring enterprises scale, and contribution to the new profit point. 2014 copper block, rare rare earth sector, engineering sector, the financial sector are profitable. In most loss of aluminum blocks, equipped with electrolytic aluminium enterprises own electricity and part of the alumina enterprises also successively achieved profitability in the second half. Chinalco’s chinalco rare rare earth companies become the first to put on record by the country’s radical large rare earth enterprise groups, to promote guangxi, jiangsu, shandong, sichuan and other places of industry consolidation and resources development.

On the other hand, as a resource companies, chinalco is still obvious advantages in the field of upstream resources. Chinalco in Laos and Indonesia’s bauxite exploration work goes well, the transfer for chinalco overcapacity in the domestic, provides guarantee to build overseas aluminum production base. On the copper resources, chinalco jinlong prospecting exploration projects in Tibet received world-class ultralarge-scale cu, control of copper resource of more than 10 million tons; Its cloud copper group has added more than 700000 tons of reserves of copper resources; Chinalco’s Peru, monk copper issue a preliminary implementation ore dressing plant, reaches producing. Chinalco has become important giant international copper market.

For a long time, chinalco in aluminum piece of the loss of the main subject to two short board, one is the power of the electrolytic aluminium enterprise self-provided power less than lead to higher cost, the second is aluminum processing enterprises gradually lost in the years of competition advantage. These two short board is expected to improve in 2015. It is understood that the current chinalco self-provided power ratio is more than 30%, power supply cost reduction; At the same time, chinalco and south, north in rail transit, etc, established a strategic cooperative relations, high-end alloy material intensive processing gradually become a fist products.

Chinalco GeGongLin corporation general manager, said in 2015 both chinalco turnround to erase the turning of the year, will also be the key to the transformation and upgrading of chinalco a year. Chinalco will drive as a turnround to erase the innovation and transformation and upgrading of the new engine, improve asset quality and level, strive for as soon as possible shareholder value, enterprise efficiency, employees’ income.