Chinalco and Rio Tinto Form Joint Venture to Acquire Stake in Companhia Brasileira de Alumínio
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Aluminum Corporation of China Limited (CHINALCO) has proposed a joint venture with Rio Tinto to establish a new entity in Brazil. Chalco Hong Kong, a subsidiary of CHINALCO, will hold a 67% stake, while Rio Tinto will hold 33%. This collaboration aims to acquire an equity interest in Companhia Brasileira de Alumínio S.A. and enhance their operations in the Brazilian aluminum sector.
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