Abu Dhabi's Mubadala Development Company is in talks with Algeria to invest "billions of dollars" to build an aluminum smelter in the North Africa state.
The investment firm may build a plant that could smelt 600,000 tonnes a year of the metal, Khaldoon Al Mubarak, Mubadala's Chairman, said in an interview at the World Economic Forum in Davos, Switzerland.
Mubadala is already building what will be the world's largest plant near Abu Dhabi, which will produce 1.2 million metric tonnes of aluminium a year and require the construction of a 2,600 megawatt power plant.
The world's largest plant is Russian Aluminium's Bratsk smelter in Siberia, which made 965,000 tonnes of aluminum in 2004.
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