Russia's RusAl, the world's largest aluminum producer, and China's Xinshan Aluminum Industry Demonstration Park may set up a joint venture to produce bauxites, aluminum and alumina in Asia and the Pacific, RusAl said on Monday.
The document envisages the export of RusAl's technologies for alumina, aluminum and its alloys output, the designing and construction of alumina, aluminum and bauxite smelters in China and joint venture projects for the geological study and mining of bauxites and bauxite-alumina complex construction in the Asia-Pacific Region countries, the company said in a statement.
Xinshan Park's demand for bauxites may reach 2 million tons per year.
"With the unprecedented pace of urbanization, China is demonstrating a steady growth in demand for aluminum. It is expected that the 2011 aluminum consumption will grow by 12% to reach 18.5 million tons, which will require both increased imports and domestic production," RusAl First Deputy CEO Vladislav Solovyev was quoted in the company's statement as saying.
MOSCOW, March 28 (RIA Novosti)
