The cooperation opportunities between Rusal and Shandong Xinfa Aluminum Power Group have been preliminarily investigated, including the establishment of an aluminum smelting joint venture company in Russia and the cooperation projects of alumina and bauxite, and the site selection includes countries outside China and Russia.
Oleg Jeripasca, CEO of Rusal, pointed out: "Russia and China are not only close neighbors, but also mutually beneficial emerging countries. The fluctuation of metal market and the increase of global aluminum demand lead to the increase of production cost and energy price. As one of the largest aluminum consumers in the world, China needs to try to transfer the production process of primary aluminum overseas. Siberia, Russia, is obviously the first choice. There are not only advanced aluminum smelters here, but also the whole aluminum industry is gathered here. We are ready to fully carry out Sino-Russian economic cooperation that can achieve a win-win situation. "
Zhang Gang, Chairman of Shandong Xinfa Aluminum Group, pointed out: "I hope to implement and start a series of cooperation plans with Rusal in the near future. I am full of confidence in establishing a long-term partnership with Rusal and carrying out effective cooperation between China and Russia. "