In a move to expand its presence in the Chinese market, Russia’s Rusal, the leading global producer of aluminum outside of China, has announced its plans to acquire a 30% equity interest in Hebei Wenfeng New Materials (HWNM), a major alumina producer in China. The deal, valued at 1.91 billion yuan ($261.6 million), aims to strengthen Rusal’s position in the fast-growing Chinese aluminum industry.
The strategic investment will provide Rusal with access to HWNM’s extensive alumina production capabilities, allowing the Russian company to secure a reliable source of alumina supply for its aluminum smelters. By establishing a partnership with HWNM, Rusal aims to enhance its competitive advantage and meet the increasing demand for aluminum in China, which is one of the world’s largest consumers of the metal. This acquisition aligns with Rusal’s long-term growth strategy and underscores its commitment to expanding its global footprint in key markets.
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