Chalco announces joint venture for aluminum slab ingot

Aluminum Cooperation of China Limited (Chalco), plans to set up a joint venture with China Aluminum Group High-end Manufacturing Co.Asian Metal Copyright12 million from Chalco which will hold a 60% equity interest in the joint venture.Asian Metal Copyright, Ltd.Asian Metal Copyright The two sides will work together to develop a green aluminum industrial chain that includes low-carbon and high-end aluminum materials, which is expected to promote the green transition of aluminum industry as well as boost competitiveness and profitability.Asian Metal Copyright, a holding subsidiary of Aluminum Cooperation of China (Chinalco) for a total cash investment RMB480 million (USD66.Asian Metal Copyright12 million from Chalco which will hold a 60% equity interest in the joint venture.Asian Metal Copyright86 million), including RMB288 million (USD40.Asian Metal Copyright .Asian Metal Copyright12 million) from Chalco which will hold a 60% equity interest in the joint venture.

The joint venture will invest in the production line of aluminum slab ingot, as part of Chalco's plan for downstream utilization of green aluminum. The two sides will work together to develop a green aluminum industrial chain that includes low-carbon and high-end aluminum materials, which is expected to promote the green transition of aluminum industry as well as boost competitiveness and profitability.

.Asian Metal Copyright The joint venture will invest in the production line of aluminum slab ingot, as part of Chalco's plan for downstream utilization of green aluminumAsian Metal Copyright