Nanshan Aluminum released an announcement on March 14 that it would transfer its 100,000 tons of aluminum capacity to Guizhou Liupanshui Shuangyuan Aluminum Co., Ltd., with a total price of 663 million yuan. After the transference, the company has completed its plan to transfer 336 ktpa aluminum capacity.
The other two aluminum capacity transfers were to Guizhou Huaren New Materials and Guizhou Xingren Denggao New Material Co., Ltd respectively.
On January 10, 2023, Nanshan Aluminum issued the announcement on transferring 336,000 tons of aluminum smelting capacity. The company signed a contract on January 17, 2023 to transfer 100,000 tons aluminum capacity to Guizhou Huaren New Materials with a total price of 663.3 million yuan. After Guizhou Huaren Company completes the procedure of the transfer, Nanshan Aluminum will shut down the corresponding aluminum production line.
On February 9, 2023, Nanshan Aluminum announced that it transferred 136,000 tons of aluminum capacity to Guizhou Xingren Denggao New Material Co., Ltd. The transaction unit price (6% VAT included) is 6,633 yuan/ton, and the total price of the transaction is Yuan 902,088,000.