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Aluminum Corp of China announces interim dividend, rare metals joint venture

August 27, 2025 at 09:19 AM UTCBy FilingReader AI

Aluminum Corporation of China Limited (ACC) has announced a 2025 interim cash dividend of RMB 0.123 per share (tax inclusive), totaling RMB 2,110,142,745.59. This represents approximately 30% of the company's 2025 first-half consolidated net profit attributable to shareholders, which was RMB 7,070,761 thousand. The distribution is expected to be completed by October 17, 2025, and does not require shareholder approval due to prior authorization granted on June 26, 2024.

Separately, ACC plans to establish a joint venture focused on rare metals with its controlling shareholder, Chinalco Group, and affiliated companies, including Yunnan Copper, Chihong Zinc & Germanium, and Chinalco Capital. ACC will contribute RMB 300 million in cash and physical assets for a 20% equity stake in the new entity, which will have a registered capital of RMB 1.5 billion.

The joint venture aims to extend the rare metals industry chain, focusing on high-purity rare metals, compounds, and advanced materials. This strategic move aligns with ACC's development plan to leverage Chinalco Group's resources and expand into functional rare metal materials. Both the dividend plan and the joint venture proposal were approved by ACC's Ninth Board of Directors at its Fourth Meeting on August 27, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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