Market News
Chalieco signs EPC contract for alumina project in Indonesia
It was reported that recently the joint venture of China Aluminum International Engineering Corporation Ltd. (Chalieco) and PT PP (Persero) Tbk signed a general contract of Engineering, Procurement, and Construction (EPC) of alumina project with IPT Borneo Alumina Indonesia (BAI) at the Indonesian Embassy.

Statistics showed that China's alumina production capacity and output have continued to increase in 2019. Although the operating capacity of alumina has been limited phase by phase due to the heating season, high costs, environmental protection inspections, downstream demand and others, the supply volume was still with an increasing trend.

The contract will not only help improve the company's profitability but also promote the further development of the domestic alumina market in China.