Caixin
Dec 05, 2018 07:36 PM
BUSINESS & TECH

China Taps West Africa to Feed Aluminum Appetite

Cargo ships unload imported aluminum ingots on Oct. 12 at the port of Qingdao in Shandong province. Photo: VCG
Cargo ships unload imported aluminum ingots on Oct. 12 at the port of Qingdao in Shandong province. Photo: VCG

*The project, which follows a $20 billion loan to Guinea from China, is expected to last 27 years and make $69 million in annual profits

*Energy intensive and heavily polluting industry faces tougher environmental scrutiny at home and pressure to cut excess capacity

(Beijing) — Aluminum producer Xinjiang Joinworld Co. Ltd is set to become the latest Chinese company to tap West Africa’s abundant bauxite reserves, with plans for an $831 million refinery in Guinea.

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