Chinese enterprises get involved in electrolytic aluminum business in Indonesia
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Update time : 2023-02-16 19:41:44
Southeast Asia is a hot spot for investment in steel and non-ferrous metals. On the one hand, the region is rich in mineral resources. The government has introduced many economic incentives and relatively low environmental protection standards, attracting investment. On the other hand, the export of this region has advantages. For example, implementing trade incentive measures in the ASEAN Free Trade Area is conducive to promoting export.
There are seven Chinese companies have invested in electrolytic aluminum projects in Southeast Asia, with a total capacity of about 10 million tons of electrolytic aluminum.
These capacities include Shandong Nanshan Aluminium's 1 million tons, Bosai Minerals Group's 1 million tons, Huafeng Aluminum Group's 1 million tons, Zhejiang Huayou Cobalt's 2 million tons, Ningbo Lygend Resources & Technology's 2 million tons, Tianshan Aluminum Group's 1 million tons, and CMOC Group's 2 million tons.
