Chalco cuts spot alumina prices by 8.6 percent

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HONG KONG | Thu Jul 31, 2008 9:24pm EDT

HONG KONG Aug 1 (Reuters) - Aluminum Corp of China Ltd (2600.HK)(601600.SS), the world's third-largest producer of alumina, has reduced spot alumina prices by 8.6 percent from Friday, the second reduction since June, smelters said.

The firm offers spot alumina at 3,200 yuan ($468.4) a tonne versus 3,500 yuan on Thursday, a company official confirmed with Reuters.

It reduced spot alumina prices by 16.7 percent to 3,500 yuan in June this year. ($1=6.831 Yuan) (Reporting by Donny Kwok; Editing by Ken Wills)

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