Lv Youqing, vice general manager of Aluminum Corporation of China Ltd. (Chalco, SEHK: 2600 and SHSE: 601600), recently said that Alcoa Inc. (NYSE: AA) outpaced his company in technology.

It is because the US aircraft industry is developed, and most alumina materials used in the Boeing planes are supplied by Alcoa, explained the vice general manager, stressing that his company needs to strive to catch up with it now.