Aluminum Corporation of China (ACH)

Very large Chinese company with government ties. Enormous presence in the aluminum and industries. Looking to diversify their metals. Expect they will look for assets in Australia or Africa. Expect aluminium to come in the later part of the cycle and is not reacting that well at the moment.

He is quite concerned about aluminium. There is still a significant oversupply globally. This company also has cost increases coming up, increasing pressure on their margins.

You would think that aluminium in China would be one of the better longer-term stories. Chinese market is off by 60% because of government action. Reasonably priced.