Sunstone Development, the first listed company in China specializing in prebaked anode, has taken a further step in its global expansion. Recently, Sunstone Development announced that it had signed a Joint Development Agreement with Emirates Global Aluminium (EGA) to jointly establish a prebaked anode production site.
According to the agreement, Sunstone Development will hold a 55% stake, while EGA will hold a 45% stake. The Phase I capacity is expected to reach 300,000 mt/year, with an additional 300,000 mt/year capacity to be considered in the future. The agreement also stipulates that both parties will reach a consensus on the project location by Q2 2025, with construction expected to commence in Q2/Q3 2026, and commercial production to be achieved by the end of Q2/Q3 2028.
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