It is reported that China's largest aluminum producer Chinalco, the parent of Chalco has taken overall measures to cut costs and improve efficiency, in a bid to cushion the negative influence exerted by the global financial crisis.

The company is exploring and displaying its potential competence, and cut expenses by adjusting product structure, saving operating fees, reinforcing supply management, and controlling labor costs. It will also take measures to monitor investment and strengthen capital management to hedge financial risks.

As per report, it will focus on supervising the subsidiaries, which suffer a loss or have sliding revenues, in order to help them improve performance. In addition, Chinalco will improve performance evaluation system, ensure production safety and the company's stability and actively seek for government's support.

The global financial crisis severely affected Chinalco, the upstream company, as the prices of its mainstream products, such as aluminum oxide, electrolytic aluminum, and copper cathodes, had declined continuously.