Mingtai Aluminum to acquire 2.5% stake in Sanmenxia Aluminum for 400 mln yuan
2021-09-17 12:00:47 [Print]
Mingtai Aluminum announced that it plans to acquire 2.5% equity interest in Kaiman Aluminum (Sanmenxia) Co., Ltd. ("Sanmenxia Aluminum" for short) together held by Jinjiang Group and Ningbo Kaiwen for 400 million yuan (61.96 million US dollars). Sanmenxia Aluminum is a leading alumina producer in China and its main businesses include the production and sales of alumina, aluminum hydroxide, caustic soda, liquid chlorine, gallium metal and other products. Sanmenxia Aluminum is among the top three suppliers of spot alumina in China, with the largest market share of salable alumina.
Gallium Metal 99.99%min EXW China
Unit:RMB/kg
China gallium metal producers' operating rate statistics by province by month
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