Chalieco announced that its first total contracted overseas aluminum project ,located in Lintong,Vietnam,has began production recently,designed annual capacity of 650,000 tons.
As Chalieco explained,Although Chinese mainland produces and consumpts maximum aluminum in the world,occupying more than 40% of the global market,the demand of raw materials exceeds the supply.Therefore,it is so necessary for non-ferrous metal industry to extend the overseas market.
Chalieco also looks for opportunities for cooperation in Venezuela besides Vietnam.The vice president of Chalieco has talked over with local companies with his team recently,mainly exchanging of views on aluminum ,electrolytic aluminum and Aluminum processing Projects.