斥资超30亿元新建印尼电解铝项目，南山铝业加大海外扩张步伐

Core Viewpoint - Nanshan Aluminum plans to establish a joint venture in Indonesia to build a 250,000-ton electrolytic aluminum project, with a total investment of approximately $437 million (about 3.056 billion RMB) [1][2] Group 1: Project Details - The joint venture will be established through Nanshan Aluminum's subsidiary, with Shengshi Asia holding 99% and Shengshi Aluminum holding 1% [1] - The project aims to reduce electrolytic aluminum production costs and enhance competitive advantages through scale [2] - The project leverages Indonesia's bauxite resources and cost advantages to improve the company's profitability and respond to local market demands [2] Group 2: Industry Context - The global aluminum industry is undergoing restructuring, with domestic electrolytic aluminum capacity facing regulatory ceilings [2] - The competition in the industry is shifting towards cost control and overseas resource allocation, driven by steady demand growth in downstream sectors like new energy vehicles and aerospace [2] Group 3: Company Performance - Nanshan Aluminum has built a complete aluminum processing industry chain, covering various segments including power generation, alumina, electrolytic aluminum, and recycling [3] - The company has seen enhanced profitability due to full-capacity alumina production and recovering demand in high-end manufacturing [3] - Financial data shows that the company's revenue for 2022-2024 is projected at 34.951 billion RMB, 28.844 billion RMB, and 33.477 billion RMB, with net profits of 3.516 billion RMB, 3.474 billion RMB, and 4.83 billion RMB respectively [3]