Aluminum Corp. of China (NYSE:ACH) provided preliminary results for calendar year 2011, stating that it expects its net profits to decrease by more than 50% compared with 2010, due to a Q4 operating loss. The company said that Europe’s debt crisis and the global economic environment led the price of aluminum to drop sharply in Q4, while rising electricity prices increased the company’s production costs. The company stated that in calendar year 2010 the net profits attributable to its equity holders were RMB778M, or EPS RMB0.06. In mid-morning trading, shares slid $1.30, or 9.75%, to $12.03.

The shares closed at $12.10, down $1.23, or 9.23%, on the day. Its market capitalization is $6.55 billion.

Freeport-McMoRan Copper (NYSE:FCX), Newmont Mining Corp. (NYSE:NEM): The World Trade Organization sided with the United States, European and Mexico, in ruling that China unfairly limited exports of a number of raw materials to protect its domestic manufacturers, rejecting China’s appeal of an earlier ruling, reported Associated Press.

FCX shares closed at $46.10, down $0.03, or 0.07%, on the day. Its market capitalization is $43.70 billion.

NEM shares closed at $61.22, down $0.29, or 0.47%, on the day. Its market capitalization is $30.29 billion.

United States Steel Corp. (NYSE:X) announced a plan for the sale of U. S. Steel Serbia d.o.o. to the Republic of Serbia for a nominal purchase price, subject to finalization and execution of definitive agreements. U.S. Steel expects to record a total non-cash charge of between $400M-$450M in Q1 of 2012, which includes the expected loss on the sale and a charge of approximately $50M to recognize the cumulative currency translation adjustment related to the company’s net investment in Serbia. The sale is expected to close on Jan. 31.

The shares closed at $28.73, down $1.15, or 3.85%, on the day. Its market capitalization is $4.14 billion.

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