南山铝业国际拟开展电解铝及相关原材料及配套业务

Core Viewpoint - Nanshan Aluminum (600219) plans to enhance its competitiveness and drive sustainable growth by developing an electrolytic aluminum project and related raw materials, with an initial investment of approximately $436.6 million for a 250,000-ton annual production capacity project set to begin in 2026 [1][2] Group 1 - The company aims to start the preparation for a 250,000-ton electrolytic aluminum project in 2026, with an estimated investment of $436.6 million over a two-year construction period [1] - The project will be located in the Karang Batang Economic Zone on Bintan Island, Indonesia, and will require environmental and/or construction permits from local authorities [1] - In the long term, the company plans to develop an additional 500,000-ton electrolytic aluminum project to further expand its production capacity and related business [1] Group 2 - The strategic planning is based on several favorable factors, including ample land supply for the new electrolytic aluminum project and a prime geographical location that facilitates access to Southeast Asian markets [2] - The company is positioned near major shipping routes, such as the Strait of Malacca, which is one of the busiest commercial waterways globally, enhancing its ability to develop overseas markets and expand its customer base [2] - The existing alumina business will support the diversification into electrolytic aluminum, creating synergies between the two operations and capitalizing on the growing market demand and rising prices for electrolytic aluminum [2] Group 3 - The company’s successful experience in constructing and operating alumina projects in Indonesia will provide valuable insights for the planning and operation of the electrolytic aluminum project, effectively reducing risks and improving implementation efficiency [2] - The company will leverage the resources and technical support from its controlling shareholder to drive the planning, construction, and operation of the electrolytic aluminum and related businesses [2]