China starts to recapitalize assets of aluminum industry

China has set out to recapitalize the assets of the aluminum industry in preparation for the listing of aluminum enterprises, according to Guo Shengkun, deputy director of the State Bureau of Nonferrous Metals Industry and leader of the preparatory group for the establishment of the China Aluminum Corp.Guo said that the State Council has agreed in principle that China Aluminium will be listed abroad as a whole. The conversion of the whole industry into a joint stock company and gettin…