Chinalco wants to top rare earth industry

Yesterday, the volume of the cities killed fell, but the concept of the Chinese aluminum industry is Gaokaigao go, once hit trading, the final closed at 10.44 Yuan, Rose 4.3%. and achieved a continuous rise in the 3rd trend.　　Chinalco has been a result of the 2009 total profit of 7.25 billion yuan, became the "most loss of money central enterprises" and has attracted market attention. Guangxi Rare earth Mining area or be included in the standard mining area of rare earths January 19, the Chinese aluminum industry, said the company has signed a memorandum with Guangxi Nonferrous Group. The two sides will form a joint venture company to jointly develop the rare earth resources in Guangxi. Chinalco will take a holding position in the joint venture.　　Data show that Guangxi Nonferrous Metals Holdings Limited has a 55% stake in Jinyuan Rare earth Co., Ltd. Coincidentally, the Ministry of Homeland has just released the first batch of rare earth Code mining list. In fact, this could provide support for the consolidation of Rare-earth resources in large conglomerates, industry insiders say. And the rare earth mining area in Guangxi is likely to follow the lead of Ganzhou, is listed in the rare earth standard mining area.　　Industry insiders said that, in addition to Jiangxi and Guangxi, Chinalco also intends to enter the development of Qingyuan rare earths in Guangdong, and in other areas to carry out rare earth operations.　　The first mention of "selective development of emerging industries" as the world's second largest alumina, the third largest electrolytic aluminum and the fifth largest aluminum processing manufacturer, one of China's largest copper smelting processing enterprises, China's aluminum industry is now from a single aluminum producers to copper, iron and rare metals and other metal manufacturers transition. Rare earths are the area that Chinalco has long dreamed of. Chinalco plans to achieve its first and global lead in the 3~5 of rare earths in 5-10 years.　　In addition to the integration and development of rare earths, Chinalco has announced another 7 major development strategies over the next 5-10 years, including the optimization of aluminum development and selective development of new industries. For the first time, Chinalco has put forward the strategy of "selective development of new industries", and has focused its attention on fresh energy and materials. Industry personage Analysis, this layout of Chinalco is its Rare-earth plate business extension.　　At present, Chinalco has been participating in the research of rare earths, and the research of Rare earth is the new material in the field of the proposed listed companies.　　Turn around and dump "the most lost money central enterprise" hat China Aluminum Company recently released 2010 years of operating performance for its capital market added weight: The company to achieve annual operating income of 200.3 billion yuan, an increase of 41% per cent, the realization of operating profit of 2.7 billion yuan.　　and SASAC published data show that 2008 ~2009 years, the Chinese aluminum industry cumulative loss of 12 billion yuan. Sanli, a spokesman for Chinalco, said the aluminum industry's 2011-year profit margin would be greater than 2010. In the future, Chinalco will continue to maintain a leading position in the aluminum sector, and is committed to significantly improve the quality and profitability of aluminum assets. At the same time, sources said, due to the central government in the aluminum industry to implement power rationing measures, the first half of this year, aluminum products are expected to be tight. In addition, the international aluminum price has continued to rise trend, will be conducive to China's aluminum industry again to increase profits.