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Home / Metal News / Chinalco to invest in Fangchenggang alumina project

Chinalco to invest in Fangchenggang alumina project

Sep 18, 2018 11:12

Source:SMM

Chinalco plans to invest nearly 5.81 billion yuan to construct a new alumina project in Fangchenggang, Guangxi province

SHANGHAI, Sep 18 (SMM) – Chinalco plans to invest some 5.81 billion yuan to construct a new alumina project in Fangchenggang of Guangxi province, the company announced on Monday September 17.

The project has an annual capacity of 2 million mt, and will be monitored by Guangxi Huasheng New Materials in terms of its construction and operation. In light of this, Chinalco also plans to increase the capital of Guangxi Huasheng by 838 million yuan, SMM learned.

The new project will leverage Chinalco's overseas bauxite projects and regional aluminium projects, according to the company announcement.

Market commentary

Alumina

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