Yunnan Aluminium Bags 135,000 Ton Aluminum Smelting Capacity Quota

Aluminum Corp of China Ltd would sell a 135,000 tonnes annual aluminum smelting capacity quota to Yunnan Aluminium. State owned Chinalco
Yunnan Aluminium Bags 135,000 Ton Aluminum Smelting Capacity Quota
Yunnan Aluminium Chalco

subsidiary Yunnan Aluminium won the quota swap in an auction by bidding CNY 539 million. Southwest China’s Yunnan Province based Yunnan Aluminium said that winning the quota would help accelerate implementation of the company’s integrated hydropower and aluminum development strategy and further enhance competitiveness.

The quota was available after Chalco shut down its Shandong Huayu smelting unit early last year due to high costs.

Aluminum capacity transfers between regions are permitted in China as long as they keep within overall quotas.

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