Chalco Stock Surges on Speculation It Will Buy Assets From Baotou Aluminum

(Bloomberg) -- Aluminum Corp. of China Ltd., China's
largest maker of the lightweight metal, plans talks with Baotou
Aluminum Co. to ``restructure'' the company, which is also
majority owned by its parent. The stock gained.

The planned negotiations may involve Aluminum Corp. of China,
the parent, the Beijing-based company, also known as Chalco, said
in a statement today. Chalco said in March it planned to buy
aluminum assets, including Baotou's, from Aluminum Corp. of China.


Read more at Bloomberg Emerging Markets News