Aluminum Project Construction Needs To Be Cautious
Aluminum project construction needs to be cautious
Recently, people in the aluminum industry were shocked by a news report about the annual production of 10 million tons of alumina projects in Chaoyang. According to the news, on May 7, the People's Government of Chaoyang City, Liaoning Province, signed a contract with Jin Guotou (Dalian) Development Co., Ltd. to build an annual alumina production project with a capacity of 10 million tons. The project will be carried out by Jin Guotou, Jinzhou Port, and the State Power Project. The three parties jointly funded the project, relying on Jinzhou Port, using imported bauxite raw materials from Guinea, Australia, Brazil and other countries, and adopting the Bayer process to produce alumina technology to produce metallurgical grade sand alumina products. The total investment of the project is about 24.2 billion yuan. The first phase of the project is scheduled to start construction in October this year. The first production line will be completed and put into operation in June 2020.