Asian Metal News
Guangxi Longzhou Xinxiang Ecological Co. Ltd., a subordinate of Jinjiang Group, started the construction of a 1 mtpy alumina project (Phase I) in early November. According to an inside source, the project involves one HT alumina production line and is scheduled to come online by end-2020 with trial operations beginning in early 2021. The alumina project will use local bauxite from Xinxiang’s captive mine. Some of the alumina produced will be sold on the southwestern market and some will be supplied to a Jinjiang smelter in IM.
Located at Longzhou County, Chongzuo City, Guangxi Province, Xinxiang is designed with 2 mtpy alumina capacity and is backed by total investment of RMB 3.8 bln.
At present, mainstream alumina prices stand at RMB 2,530/t ex-works in southwestern China, the same level as at the beginning of the week. Increased alumina imports are weighing on domestic alumina prices.