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Aluminum Corporation of China (Chalco) announced it will invest CNY 288 million to form a joint venture with Chinalco High-End Manufacturing to build slab casting lines for green aluminium downstream utilization.
Aluminum Corporation of China (Chalco) and Chinalco High-End Manufacturing Co., Ltd. plan to jointly invest CNY 480 million to establish a joint venture named Zhonglv Green Advanced Aluminum-based Materials (Yunnan) Co., Ltd. Chalco will contribute CNY 288 million (60%) and Chinalco High-End Manufacturing CNY 192 million (40%).