Higher aluminum prices will help boost profit and improve gross margins, Chief Financial Officer Liu Caiming said today.25 billion yuan &industrial valves manufacturers65288;2 million） in costs this year, Chief Executive Xiong Weiping said at a briefing in Hong Kong yestday。Chalco, as the company is known, will # cut costs by 300 million yuan by reducing consumption of raw materials and fuel.25 Billion Yuan of Costs in 2011 Posted by tjdetai on July 12th, 2015Aluminum Corp.Chalco to Cut 2. of China Ltd.Chalco posted a lower-than-expected 2010 profit yesterday as higher aluminum prices were undercut by coal, electricity and bauxite costs.

Benchmark coal prices in China have gained more than 34 percent in the past 12 months, Bloomberg data shows.Related Tags:aluminum pipe prices,6061 aluminum pipe,5086 aluminum pipe. Still, increasing inflation may raise operational costs, said Liu, who was appointed in February after Joshua Chen resigned. It will also cut 700 million yuan from procurement costs, Xiong told reporters. Technology upgrades, direct power purchases and expense controls will also help cut costs, he said., the country’s biggest producer of the metal, plans to cut 2