Tsingshan in Talks with Global Traders for $3B Aluminum Smelter in Indonesia

Published: Apr 16, 2026 09:13

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[SMM Aluminum Express News] Tsingshan Holding Group, led by Chinese tycoon Xiang Guangda, is in advanced discussions with global trading houses Mercuria Energy Group, Glencore Plc, and Trafigura Group for minority investments in a proposed $3 billion aluminum smelter at the Weda Bay Industrial Park in Indonesia. The planned 800,000-tonne facility (likely in two 400,000-tonne phases) would give the traders direct access to aluminum output while helping Tsingshan reduce its capital burden and gain stronger support from Indonesian authorities. This move comes as global aluminum markets face strain from supply disruptions in the Gulf region and reflects Tsingshan’s continued expansion in Indonesia’s metals sector.

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