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Gansu Zhongrui Aluminum, a subsidiary of Hangzhou Jinjiang Group, successfully powered up and started production at its 100,000-tonne technical upgrade project (Phase II) in Baiyin, Gansu, China. The project is the first new project completed since Hangzhou Jinjiang Group restructured the company.
Mingtai Aluminum (601677.SH) plans to acquire a 2.5% stake in Sanmenxia Aluminum, a leading alumina producer, for CNY 400 million in cash from Hangzhou Jinjiang Group and Ningbo Kaiwen Investment.