SHANGHAI, Feb 21 (SMM) – Aluminum Corp of China (Chalco) said on Wednesday February 20 that it plans to transfer 190,000 mt of annual aluminum smelting capacity of a Shanxi-based unit to a Yunnan-based unit of its parent company, Chinalco.
The transfer is expected to be done at 950 million yuan.
The capacity would be transferred from Shanxi Huasheng to Heqing Yixin Aluminium, which has access to cleaner hydropower.
China allows aluminum smelters to move or acquire new capacity in regions that have available quotas.
