Bosai Group acquires 51% share of Qixing alumina refinery
Published: Monday, 12 November 2018
The $1.2 billion acquisition of the idled operation will not ease tightness in China's alumina market in the short term - production is not due until the first quarter of next year.
Chinese mining company Bosai Group has acquired 51% of
Shandong Qixing Group’s alumina refinery for 1.2
billion yuan ($1.73 million), although the market does not
expect any immediate relief to Chinese domestic alumina supply
tightness, Fastmarkets understands.
The Qixing refinery has capacity of 500,000 tonnes per