索通发展拟2.95亿美元赴阿联酋建厂 布局预焙阳极全球产能

Core Viewpoint - The company, Suotong Development, has signed a joint venture agreement with Emirates Global Aluminium (EGA) to invest in a 300kt/a prebaked anode project in the UAE, with a total estimated investment of up to $295 million (approximately 2.08 billion RMB) [1] Group 1: Joint Venture Details - The company will hold a 55% stake in the joint venture, leading the project operations, while EGA will contribute $132.75 million for a 45% stake [1] - The funding for the project will be sourced through both parties' own funds and shareholder loans [1] Group 2: Strategic Importance - EGA is the largest producer of high-purity aluminum globally and a significant industrial player in the UAE, providing a stable local demand for the project [2] - The partnership with EGA, which has been ongoing for nearly 20 years, enhances the company's ability to navigate complex market risks and expand overseas [2] Group 3: Market Outlook - The demand for prebaked anodes is strong, supported by profitable downstream electrolytic aluminum customers and an upcoming construction cycle in overseas aluminum production [3] - The company aims to achieve a sales volume of 3.5 million tons of prebaked anodes by 2025, with current production capacity at 3.46 million tons [3] - A joint project with Jili Baikuang Group in Guangxi has commenced operations, expected to increase production capacity to 4.06 million tons by 2026 [3]