In order to actively practice the new development concept, promote the optimization and upgrading of industrial layout structure, and give full play to the core functions of central enterprises to serve the national strategy, Baowu and China Aluminum Group signed a strategic cooperation framework agreement in Beijing. According to the agreement, the two sides will carry out in-depth cooperation in the fields of ensuring the security of strategic mineral resources, research and development and application of advanced materials, and industrial coordination.

China Aluminum Group is a state-owned key backbone enterprise directly managed by the central government, and also the world's largest non-ferrous metal enterprise. It is the world's first in the supply of alumina, electrolytic aluminum, fine alumina, metal gallium, and aluminum anode. The comprehensive strength of copper industry ranks the first echelon in the country, and the production and sales scale of aluminum, germanium metal output and lead-zinc comprehensive strength are the first in China.