Chinese Spot Alumina Prices to Remain Stable in H2

BEIJING, July 20 -- China's top aluminum producer Chalco has signed an agreement with Yunnan Coal Industry Group for a long-term cooperation in alumina and coal.
&nbsp;&nbsp;&nbsp; Under the agreement, Chalco will supply alumina to Yunnan Coal Industry Group and meanwhile buy steam coal from the latter for its branch in southwest China's Guangxi Zhuang Autonomous Region.
&nbsp;&nbsp;&nbsp; The coal producer meanwhile promised to buy from Chalco most or all of alumina it needs for its electrolytic aluminum production.
&nbsp;&nbsp;&nbsp; Chalco's Guangxi branch produces 1.8 million tons of alumina per year and meanwhile demands 1.8 million tons of power coal and 500,000 tons of blind coal.
&nbsp;&nbsp;&nbsp; Yunnan Coal Industry Group, a key enterprise in southwest China's Yunnan Province, focuses on coal and electrolytic aluminum production. It plans to expand its electrolytic aluminum capacity to 400,000 tons per year by 2010.
&nbsp;&nbsp;&nbsp; (Source: chinamining.org) 
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