智通财经网·2025-10-24 13:28Core Viewpoint - China Aluminum (02600) has entered into a capital contribution agreement with several partners to establish a joint venture focused on the rare metals industry, which aligns with the company's strategic development plan [1] Group 1: Joint Venture Details - The joint venture will be established on October 24, 2025, with China Aluminum Group, China Aluminum, Yunnan Copper, Chihong Zinc & Germanium, and China Aluminum Capital as partners [1] - The ownership structure of the joint venture will be as follows: China Aluminum Group 25%, China Aluminum 20%, Yunnan Copper 20%, Chihong Zinc & Germanium 20%, and China Aluminum Capital 15% [1] - The registered capital of the joint venture is set at RMB 1.5 billion, with China Aluminum Group contributing RMB 375 million and China Aluminum contributing RMB 300 million [1] Group 2: Strategic Implications - The joint venture is designed to extend the rare metals industry chain and focus on downstream industries, aiming to develop advanced materials that are terminalized, productized, and high-end [1] - Participation in the joint venture allows China Aluminum to leverage the resource integration capabilities of China Aluminum Group, enhancing its competitive edge in the rare metals functional materials sector [1] - The strong business correlation between China Aluminum and the joint venture is expected to facilitate business cooperation, resource sharing, and industrial synergy, while also mitigating risks associated with independent downstream expansion [1]