Chalco seeks Shanghai listing

Aluminium Corporation of China (Chalco), the country's largest producer of the metal, said it plans to sell up to 1.5bn A-shares worth RMB8bn (US$966m) on the Shanghai stock exchange by year-end to fund expansion, despite analyst warnings that the sale could face difficulties in a slumping stock market. Separately, Chalco reported its RMB6.22bn(US$752m) 2004 net profits are up 75.2% year-on-year on stronger demand and higher prices.