国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

China aluminum smelter in talks to sell to Alcoa

(Agencies)
Updated: 2008-07-29 14:56

US aluminum giant Alcoa Inc is in talks to buy its first smelter in China, marking a rare foreign incursion into the world's biggest aluminum sector as hopes fade for its joint venture with Aluminum Corp of China Ltd (Chalco), the top Chinese producer of the metal.

The move suggests Alcoa is determined to build a market position in China's aluminum smelting sector.

Talks to buy into and expand the smelter in Panzhihua in southwestern Sichuan province moved forward when senior Alcoa executives visited last week. Alcoa had first approached the parent of Ming Zhu Aluminium to buy the smelter in 2003.

"The talks have entered into detail," an executive at the Ming Zhu smelter in Panzhihua said, without elaborating on the price or timing of a final deal.

Alcoa would invest in a hydropower plant and expand the capacity of the smelter to 200,000-300,000 tons in an investment that would cost well over 1 billion yuan ($146.6 million).