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China's Chalco cut alumina price by 9.4 pct

Mon Oct 6, 2008 4:42am EDT

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HONG KONG, Oct 6 (Reuters) - Aluminum Corp of China Ltd (2600.HK)(601600.SS), the world's third-largest producer of alumina, said on Monday it had reduced spot alumina prices by 9.4 percent from Oct 1, the third reduction since June.

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The firm offered spot alumina at 2,900 yuan ($423.5) a tonne from last Wednesday, the company said in a posting on its website updated on Monday. (www.chinalco.com)

It reduced spot alumina prices by 16.7 percent to 3,500 yuan in June and by 8.6 percent to 3,200 yuan in August due to increased supply of the raw material for the production of aluminium. ($1=6.848 Yuan) (Reporting by Alison Leung; editing by Ken Wills)

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