Chalco Begins 300,000-Ton Copper Project in Yunnan Province

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Aluminum Corporation of China (NYSE:ACH) (Chalco) (Beijing) recently laid the foundation for a 300,000-ton deep-processing copper project in the Qidian Industry Park in Kunming, the capital of southwestern China's Yunnan province. The $290 million project is one of the largest copper-processing projects ever planned in China. It will process 100,000 metric tons of copper plate and 200,000 metric tons of copper rods.

Chalco was established in February 2001 and is currently the second largest alumina producer and the third largest electrolytic aluminum producer in the world. Based on its strategy of being an international multimetal and mining firm, Chalco is accelerating its development in the copper industry. The company has established its businesses in aluminum, copper, molybdenum and titanium, a business pattern dominated by aluminum in light metal, copper in heavy metal as well as molybdenum and titanium in rare metal, Chalco's General Manager Xiao Yaqing said.

The company currently has three large copper-processing enterprises in Luoyang, Shanghai and Daye with a total production capacity of 130,000 metric tons in operation and 220,000 metric tons under construction, accounting for about 28% of the total production of copper plates in China. The new project will be Chalco's largest copper-processing base in China.

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