China Aluminum establishes new joint venture for advanced materials

China Aluminum announced on October 24, 2025, the formal signing of an investment agreement to establish a joint venture company, China Aluminum Qianxing (Chengdu) Technology Co., Ltd. The joint venture will focus on areas such as new material technology research and development, electronic special materials, and the treatment of discarded electronic and electrical products. This follows a resolution passed by China Aluminum's board on August 27, 2025.

The joint venture will have a registered capital of RMB 1.5 bn. China Aluminum will contribute RMB 300 million for a 20% equity stake, comprising monetary funds and in-kind assets. Other partners include China Aluminum Group, Yunnan Copper Co., Ltd., Yunnan Chihong Zinc & Germanium Co., Ltd., and China Aluminum Capital Holdings Co., Ltd., contributing RMB 375 million, RMB 300 million, RMB 300 million, and RMB 225 million respectively, with some in-kind contributions pending valuation.

The agreement specifies that the establishment costs will initially be fronted by the parties and subsequently absorbed by the joint venture upon its successful formation. The assessment and registration of China Aluminum's high-purity gallium production line, designated as an in-kind capital contribution, are currently in progress.