Asian Metal News
Guizhou Yuanhao Aluminium, located at Yingyi County, Guizhou and backed by total investment of 2.5 bln, is designed with total aluminium capacity of 330 ktpy (100 ktpy in Phase I). Backed by RMB1 bln investment, the company is planning to bring Phase I, 100 ktpy of primary aluminium, involving 88 sets of 420 kA cells – online in Q1 2020.
Yuanhao Aluminium began project construction in 2014, but halted works in 2017 due to liquidity pressures and lack of production quotas. The company restarted construction in June 2019 after acquiring a 100 ktpy aluminum production quota from Henan. Project development is progressing smoothly at present and is expected to come online in Q1 2020.
Mainstream aluminium ingot transaction prices were RMB 14,280~14,800/t at Guangzhou warehouses this Wednesday.