Asian Metal News
Chongqing Jiulong Wanbo New Materials Co. Ltd. a subordinate of Bosai Group started construction of a 3.6 mtpy alumina project in Wanzhou in late May.
Backed by total investment of RMB7.5 bln, the project is designed with 3.6 mtpy capacity, comprising three 1.2 mtpy alumina production lines and is scheduled for completion in October 2021.
The project will mainly use imported bauxite for alumina refining and alumina produced will be sold on China’s southwestern market.
At present, mainstream alumina prices are sitting at RMB2,170~2,220/t ex-works in southwestern China, up by RMB30/t from last Friday.