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Aluminum Corporation of China (Chinalco) and the Chongqing municipal government agreed to form a high-end aluminum joint venture, with Chinalco owning 65% and Chongqing 35%, to supply aerospace, rail transit, shipping and light vehicle industries.
“Aluminum Corporation of China, known as Chinalco, and the municipal government of Chongqing agreed to form a high-end aluminum joint venture that aims to become a globally competitive supplier.”www2.yicaiglobal.com
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