China Nonferrous Metal Industry Wins $572M Vietnam Aluminum Project EPC Contract

Published: Feb 23, 2025 22:06
On February 19, 2025, China Nonferrous Metal Industry's leading enterprise, China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (stock code: 000758.SZ), announced that on February 18, the company officially signed the "Vietnam Dak Nong Aluminum Project EPC Contract" with Tran Hong Quan Metallurgy Co., Ltd. The contract value is approximately $572 million (excluding local taxes in Vietnam). The implementation of this project marks a further expansion of China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. in the field of overseas engineering contracting and represents an important milestone in Vietnam's industrialization process.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Raw Material Divergence Keeps Costs Elevated, Aluminum Fluoride Sees Low Operating Rates and Stagnant Prices in a Stalemate SMM May 14 News: [SMM Fluoride Salts Weekly Review]
4 hours ago
Raw Material Divergence Keeps Costs Elevated, Aluminum Fluoride Sees Low Operating Rates and Stagnant Prices in a Stalemate SMM May 14 News: [SMM Fluoride Salts Weekly Review]
Read More
Raw Material Divergence Keeps Costs Elevated, Aluminum Fluoride Sees Low Operating Rates and Stagnant Prices in a Stalemate SMM May 14 News: [SMM Fluoride Salts Weekly Review]
Raw Material Divergence Keeps Costs Elevated, Aluminum Fluoride Sees Low Operating Rates and Stagnant Prices in a Stalemate SMM May 14 News: [SMM Fluoride Salts Weekly Review]
4 hours ago
Secondary Aluminum Industry Operating Rate Falls to 56.4% Amid Weaker Demand and Policy Tightening
4 hours ago
Secondary Aluminum Industry Operating Rate Falls to 56.4% Amid Weaker Demand and Policy Tightening
Read More
Secondary Aluminum Industry Operating Rate Falls to 56.4% Amid Weaker Demand and Policy Tightening
Secondary Aluminum Industry Operating Rate Falls to 56.4% Amid Weaker Demand and Policy Tightening
[SMM Aluminum Alloy Brief] The operating rate of secondary aluminum industry leaders fell 0.6 percentage points WoW to 56.4% this week. Operating rates showed mixed performance among enterprises during the week: the fading impact of the Labour Day holiday and capacity expansion by individual enterprises drove a partial rebound in operating rates, but production cuts were more widespread across the industry. Production cuts were mainly dragged by two factors: first, weakening demand. As the industry entered the off-season, orders from downstream die-casting enterprises remained sluggish, with procurement dominated by rigid demand and small batches. Second, policy tightening. The reverse invoicing policy was further tightened, making it more difficult to obtain invoiced raw materials, passiv
4 hours ago
ADC12 Stopped Falling and Rebounded, but Weak Demand Suppressed Upside Potential[SMM Analysis]
4 hours ago
ADC12 Stopped Falling and Rebounded, but Weak Demand Suppressed Upside Potential[SMM Analysis]
Read More
ADC12 Stopped Falling and Rebounded, but Weak Demand Suppressed Upside Potential[SMM Analysis]
ADC12 Stopped Falling and Rebounded, but Weak Demand Suppressed Upside Potential[SMM Analysis]
[SMM Analysis]Policy Intensified Supply Contraction Supporting ADC12 Price Rebound, but Weak Demand Capped Upside Potential
4 hours ago
On February 19, 2025, China Nonferrous Metal Industry's leading enterp - Shanghai Metals Market (SMM)