Zhi Tong Cai Jing·2026-01-30 00:21Core Viewpoint - China Aluminum (601600.SH) announced its plan to establish a joint venture with Rio Tinto International Holdings Limited in Brazil to acquire a 68.596% stake in Companhia Brasileira de Alumínio S.A. for approximately 4.689 billion Brazilian Reais, equivalent to about 6.286 billion RMB [1][2] Group 1: Acquisition Details - The acquisition involves purchasing 446.6 million shares of Companhia Brasileira de Alumínio S.A. from Votorantim S.A. [1] - The total transaction price is approximately 46.89 billion Reais, with China Aluminum responsible for about 31.42 billion Reais, or 4.211 billion RMB [1] Group 2: Company and Industry Significance - The acquisition aligns with the company's strategy to optimize its global industrial layout and is significant for leveraging its leading technology and management in the aluminum industry [2] - Brazil Aluminum holds three bauxite mines with an annual production capacity of about 2 million tons, and its alumina capacity is 800,000 tons per year, contributing over one-third of Brazil's aluminum market [2] - The company aims to enhance its ESG governance and integrate into the global market, improving its international operational capabilities and boosting investor confidence for sustainable development [2]