October 24, 2023
BY Editor Metals
In a strategic expansion move, Rusal has finalized an agreement to acquire a 30% share in a Chinese alumina refinery owned by HWNM, marking a significant investment of 1.911 billion yuan (around $267 million). The deal, inked on October 23, involves an alumina plant situated in Hebei province, noted for a substantial annual throughput of 4.8 million tons.
This acquisition aligns with Rusal's operational footprint as a leading aluminum producer outside China. The partnership ensures proportional alumina output distribution, reinforcing Rusal's supply chain. Stakeholders in Rusal, including En+ Group and Sual Partners, anticipate strategic advantages from this diversification.
