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[Hong Kong Stock Connect] Aluminum Corporation of China (02600) acquires assets related to the production line of flat ingots, involving 0.175 billion yuan assets.
Jinwu Financial News | Aluminum Corporation of China (02600) announced the acquisition of related assets from connected parties, including flat ingot production lines located in Guiyang, Xining, and Liancheng, for a total transaction value of 0.175 billion yuan. This acquisition will help to unify ownership and management rights of the assets, further clarify management boundaries, achieve production synergy for electrolytic aluminum and aluminum alloy in affiliated enterprises, and improve asset operation efficiency.
Aluminum Corporation of China (02600.HK) and its subsidiaries plan to acquire high-end manufacturing assets of China Aluminum
On November 28, Glonghui reported that the aluminum corporation of china (02600.HK) announced a transfer agreement on November 28, 2024, under which the guizhou branch, qinghai branch, and Liancheng branch agreed to acquire and the aluminum high-end manufacturing agreed to transfer slab assets, with a total transaction price of approximately RMB 0.175 billion.
Huafu Securities: Tight supply at the ore end, downstream demand for electrolytic aluminum is resilient. Prices of alumina and electrolytic aluminum resonate.
With the peak season and expectations of the Federal Reserve's interest rate cuts and a soft landing strengthening, an increase in aluminum prices can be anticipated.
Express News | China Mining Company Chinalco to Invest $426 Mln in Suriname Bauxite Mine, Pending Parliamentary Approval -Suriname Gov't Official
French miners lament that the profitability of nickel mining business cannot be achieved without china technology and equipment.
① The multinational mining giant Ehmann stated that western companies cannot make a profit in the nickel mining business in Indonesia without relying on china's technology, equipment, and management experience; ② Ehmann and BASF have canceled the 2.6 billion dollar nickel-cobalt refining plant project in Indonesia due to it being 'economically unfeasible'; ③ Ehmann is collaborating with China’s Qingshan Holding to operate the nickel mine in Weda Bay, with the CEO stating that china's technology, expertise, and equipment are key to competitiveness.
Chalco Plans to Acquire Chinalco High-end Manufacturing's Slab Ingots Assets
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102884128 : getting disappointed with this counter. every day drop.