Opinion on  Aluminum Corp. of China Ltd. (ACH)     Sector: Basic Materials  >  Industry: Metal Mining
to benefit from strong alumina and aluminum demand in the country.

by Zacks
Chalco announced higher revenues but lower earnings in 2007, mainly due to production increases in primary aluminum products and alumina price declines. Although the gloomy outlook for the worldwide economy in 2008 will continue to pressure the price of alumina and aluminum, Chalco should continue to benefit from strong alumina and aluminum demand in China. We continue to view the company as having the best balanced value chain in China s aluminum industry. Moreover, the company plans to continue to aggressively increase its production capacity. Chalco s domestic acquisitions and offshore projects are also on the right track. Given its overall positive prospects, we are maintaining our Buy
recommendation on Chalco shares.

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