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    CHALCO to acquire Qingdao Light Alloy

    2017-12-29 17:18:57   [Print]
    CHALCO announced on 28 Dec that its wholly-owned subsidiary CHALCO Shandong plans to acquire 100% shares of Qingdao Light Alloy Co.Asian Metal Copyright The registered capital of Qingdao Light Alloy is RMB418 million, whose main businesses include production and sales of aluminum, magnesium, smelting and processing products.Asian Metal Copyright, Ltd.Asian Metal Copyright The company could make strategic layout for the secondary aluminum alloy industry via this acquisition.Asian Metal Copyright (Qingdao Light Alloy) held by CHALCO with about RMB300 million via agreement.

    The registered capital of Qingdao Light Alloy is RMB418 million, whose main businesses include production and sales of aluminum, magnesium, smelting and processing products.

    The company could make strategic layout for the secondary aluminum alloy industry via this acquisition. The secondary aluminum alloy industry is an environmental protection one, and the development of this industry corresponds to the national policy, meanwhile supports the primary aluminum business.Asian Metal Copyright .Asian Metal Copyright CHALCO Shandong could make arrangement for its businesses and aluminum processing after this acquisition.

    .Asian Metal Copyright The registered capital of Qingdao Light Alloy is RMB418 million, whose main businesses include production and sales of aluminum, magnesium, smelting and processing productsAsian Metal Copyright
    Bauxite Guinean 45%min CIF China
    Unit:USD/dt
    Bauxite Guinean 45%min CIF China USD/dt
    China secondary aluminum alloy producers' inventory to production ratio statistics by province by month
    Unit: %
    China secondary aluminum alloy producers' inventory to production ratio statistics by province by month
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