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.



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