In a significant move to expand its presence in the Chinese market, Rusal, the leading aluminium producer globally outside of China, has announced its acquisition of a 30% stake in Hebei Wenfeng New Materials (HWNM), a prominent Chinese alumina producer. The deal, worth 1.91 billion yuan ($261.6 million), will strengthen Rusal’s position in the aluminium industry and contribute to its growth strategy. This strategic partnership will provide Rusal with opportunities to tap into China’s booming alumina market and secure a steady supply of raw materials, ensuring long-term sustainability and competitiveness.
Rusal’s decision to invest in HWNM comes at a time when China’s demand for alumina is rapidly increasing due to the country’s infrastructure development and urbanization projects. By acquiring a stake in HWNM, Rusal aims to capitalize on this growing demand and establish a strong foothold in the Chinese market, which is crucial for its future expansion plans. This partnership also signifies a deepening collaboration between Russia and China, as both countries work together to strengthen their economic ties and mutually benefit from each other’s expertise in the aluminium industry.
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