Shanghai Nonferrous Metals News
26th February: China Zhongwang Group announced that the company’s subordinate Zhongwang Aluminium Co. Ltd is set to sell 100% of its equity to Henan-based Yidian at Luoyang for RMB4.6 bln.
Zhongwang Aluminium Co. Ltd is a fully owned subordinate of Zhongwang Group, with its main business in primary aluminium smelting. However due to high production costs – in particular electricity costs – the company has been mired in loss over recent years.
