Alcoa, CPI To Develop Aluminum, Energy Projects

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After signing a memorandum of understanding (MOU), Alcoa and the China Power Investment Corp. (CPI) will collaborate on a broad range of aluminum and energy projects representing more than $7.5 billion of potential investment over the coming years.

In China, Alcoa and CPI will intensify their collaboration on developing clean energy projects, such as wind and solar, and state-of-the-art aluminum smelting operations.Â

Both parties will also work toward developing high-end aluminum industrial parks. Alcoa and CPI will also expand their current trading relationship.Â

Outside China, CPI and Alcoa will explore opportunities in a number of geographies. The projects may include mining, refining and smelting.

SOURCE: Alcoa

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