Alcoa Inc stated will spun off its smelt division, as a part of splitting program, the division of airlines and transportation may hold about 19.9% shares of new company. The seperated company named Arconic Inc.
29th June 2016. Chalco's statement also shown it has turned loss after spun off some weakness divisions and mergered some companies and assets.
Aluninia industry has been reduced about 5 millions tons output that make the price is a lttle rebound, it is over RMB13000 per ton. The demand of aluminum extrusions is another point of price rebound.
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