Zhongfu Industrial Invests 363.1M Yuan in 250K mt/year Secondary Aluminum Project
[SMM Aluminum News Flash]Zhongfu Industrial announced on April 21 that, to further expand the company's diversified and low-carbon aluminum industry layout, broaden market reach, and strengthen overall market competitiveness, its wholly-owned third-tier subsidiary Qingchuan Zhongfu Secondary Aluminum Alloy Co., Ltd. planned to invest in a secondary aluminum alloy project with an annual capacity of 250,000 mt. The total investment of the project was reportedly 363.1 million yuan. The project was designed to produce 250,000 mt of secondary aluminum annually, including 130,000 mt of 3104 alloy secondary aluminum liquid (ingot) and 120,000 mt of aluminum and aluminum alloy round casting ingots. The construction mainly comprised a scrap pretreatment workshop and a melting and casting workshop.