China National Aluminum Corporation Chairman Xiong Weiping said at the performance conference yesterday that the company will focus on cost control in the second half of the year, seize the favorable opportunity of low raw material prices to strategic reserve, actively optimize the inventory structure and adjust the industrial structure, using low-cost, High-competitive projects replace high-cost projects and strive not to lose money in the second half of the year.
Although China Aluminum suffered a huge loss of RMB 3.522 billion in the first half of the year, Xiong Weiping still looks promising in the medium to long-term market of aluminum. It was reported that Rio Tinto expressed its desire to cooperate with Chinalco on projects such as bauxite, and Xiong Weiping responded that Chinalco is willing to discuss cooperation with its partners around the world, including Rio Tinto. He said that the Australian media has recently The reported Rio Tinto and Chinalco did not know about the cooperation in the negotiations. We do not rule out strategic cooperation with other mining companies in the world on the basis of complementary advantages. Through Rio Tinto, our overseas operations will become more mature and we will pay more attention to the success rate of cooperation projects with our partners.
Company President Luo Jianchuan revealed that China Aluminum is actively conducting direct purchases of electricity cooperation and negotiation work, including participation in direct purchase of electricity country contract template revision and implementation of direct purchase electricity pilot measures, the company strives to sign a direct purchase agreement during the year.