China's surplus aluminium capacity

DALIAN, China (Reuters) - China currently has 20-30 percent excess production capacity of both primary aluminium and alumina, Xiong Weiping, the chairman of China's top aluminium firm Chalco (2600.HK: Quote) told Reuters on Friday. He said the surplus would not last forever, but its duration would depend on the pace of economic growth. Xiong also said that Chalco's parent firm, state-owned metals conglomerate Chinalco, would continue unswervingly on its strategy of becoming an international multi-metals firm. (Reporting by Zhang Shengnan, Aileen Wang and Tom Miles; Editing by Jonathan Hopfner)