CHALCO plans to establish a joint venture company with China Aluminum Group Yunnan Copper and others
China Aluminum Corporation signed a joint venture agreement with Aluminum Corporation of China and Yunnan Copper, planning to establish a joint venture company. The registered capital of the joint venture company is 1.5 billion yuan, with the equity ratios being Aluminum Corporation of China 25%, China Aluminum Corporation 20%, Yunnan Copper 20%, Chihong Zinc 20%, and Aluminum Capital 15%. The joint venture company will focus on the extension of the rare metals industry chain, supporting the company's strategic development and promoting resource sharing and industrial synergy
According to the announcement from China Aluminum (02600), on October 24, 2025, Chalco Group, the company, Yunnan Copper, Chihong Zinc, and Chalco Capital entered into a capital contribution agreement, under which all parties agreed to jointly invest in the establishment of a joint venture company. After the establishment of the joint venture company, Chalco Group, the company, Yunnan Copper, Chihong Zinc, and Chalco Capital will hold 25%, 20%, 20%, 20%, and 15% of the equity in the joint venture company, respectively. The joint venture company will not become a subsidiary of the company, and its financial performance will not be consolidated into the company's accounts. According to the capital contribution agreement, the registered capital of the joint venture company is RMB 1.5 billion, with Chalco Group and the company contributing RMB 375 million and RMB 300 million, respectively.
The announcement stated that the joint venture company is a rare metal industry chain extension platform created by Chalco Group, with its development direction extending to the downstream industries of rare metals, aiming to create terminalization, productization, and high-end development of rare advanced materials. The company's investment in the joint venture company aligns with its strategic development plan, leveraging Chalco Group's resource integration capabilities to expand its global leading advantage in the field of rare metal functional materials. At the same time, the company has a strong business correlation with the joint venture company, and its investment in the joint venture company will facilitate business cooperation, achieve resource sharing, exert industrial synergy, and mitigate the risks associated with the company's independent extension into downstream industries
