Minmetals acquired several aluminum companies.

The British Metal Bulletin reported that Minmetals recently confirmed to the outside world that it had submitted a tender for the purchase of its assets for sale to Kaiser Aluminium earlier this month. At present, the vice president of Minmetals Group is negotiating the acquisition in the United States. The assets to be acquired include Gramercy Aluminum Plant, Louisiana Aluminum Refinery and Caesar Jamaica Bauxite Company (KJBC). Minmetals faces another strong competitor, Mitsubishi Corporation of Japan. Due to the rapid growth of domestic aluminum production capacity in China, the shortage of alumina supply is becoming increasingly serious. If Minmetals can bid successfully, it can obtain alumina resources from overseas markets. China buyers are considered to be the main driving force of spot price of alumina this year. At present, the price of alumina has reached 330-350 USD/ton (FOB Caribbean) and 350-360 USD/ton (FOB Australia). If Minmetals can win, it is another successful example of China's overseas mining investment. In addition, last month, China Nonferrous Metals Construction Co., Ltd. (NFC) and Aldoga Aluminum Smelter signed a project construction and supply contract, as well as a cooperation agreement between bauxite and alumina.