Bosai Group acquires 51% share of Qixing alumina refinery
Published: Thursday, 20 December 2018
Bosai has made a $1.2 billion acquisition of Shandong Qixing's idled operation, however this is not expected to ease the tightness in the Chinese alumina market with production not due until the first quarter of 2019.
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