Zhong Guo Jing Ji Wang·2026-02-06 07:59Core Viewpoint - China Aluminum Corporation, through its subsidiary China Aluminum Co., Ltd., plans to acquire a stake in Brazil's aluminum industry to enhance resource security and optimize industrial layout [1] Group 1: Acquisition Details - The acquisition involves establishing a joint venture with Rio Tinto International Holdings to purchase 68.596% of Brazil Aluminum Company from Watertland [1] - Following the transaction, Brazil Aluminum will be consolidated as a subsidiary in China Aluminum's financial statements [1] Group 2: Strategic Importance - The partnership with Rio Tinto, a global mineral resource supplier, brings valuable international mining experience to the venture [1] - Brazil Aluminum Company operates a comprehensive aluminum industry chain in Brazil, covering bauxite, alumina, electrolytic aluminum, aluminum processing, recycled aluminum, and power supply [1] Group 3: Production Capacity - Brazil Aluminum is projected to produce 720,000 tons of alumina and 364,500 tons of low-carbon aluminum liquid in 2024 [1] - The acquisition is expected to enhance China Aluminum's capabilities in green development, ESG governance, and international operations [1]