Aluminium Corp of China (Chalco) has signed a preliminary joint venture deal to establish a Yn3bn alumina plant in Guangxi Zhuang autonomous region. It was Chalco's third joint venture in two months as the group moves away from solely funded investment to shared investments with power producers and local governments aimed at lowering risk and electricity costs. The investment feasibility study is a partnership with metals trader Minmetals and provincial government investment firm Guangxi Investment (Group). It would be China's seventh refinery for turning bauxite into alumina.
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