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Updated Wednesday, September 29, 2010 9:36 pm TWN, AFP

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Chalco soars on US$1.5 billion rare earth investment

SHANGHAI--Shares of Aluminum Corp of China (Chalco) soared Tuesday after its parent company pledged to invest at least 10 billion yuan (US$1.5 billion) in a rare earth producer in eastern China.

Chalco's Shanghai-listed shares closed up by the daily 10 percent limit at 10.88 yuan while its Hong Kong-listed shares ended up 4.13 percent at HK$7.31 (94 US cents).

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