04 AUGUST 2013Aluminium International Today
Chalco will survive Government’s over-capacity plan
Edited by : AL CIRCLE
1 min read
Chalco is likely to be the only aluminium company left standing, says emerging markets fund manager Mark Mobius, as the Chinese government orders more than 1,400 companies to ease back on over capacity. It is thought likely that such a move will mean that some aluminium companies will fall by the wayside, but that Chalco will survive what might amount to a ‘cull’.
While Chalco’s shares have dropped, the company is still a ‘good long-term bet’ according to Mobius even if its price performance has been poor. So far this year, Chalco’s share price has dipped 28%.
Mobius works for Templeton Emerging Markets Group.
While Chalco’s shares have dropped, the company is still a ‘good long-term bet’ according to Mobius even if its price performance has been poor. So far this year, Chalco’s share price has dipped 28%.
Mobius works for Templeton Emerging Markets Group.
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