Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China Commercial Guohong Technology Co., Ltd won the auction to acquire Sichuan Guangyuan Venus Aluminium’s assets with an investment of CNY1.25mn and the converted asset value of CNY10,208/mt. Sichuan Guangyan Venus Aluminium has the capacity to produce 120,000mt of primary aluminium annually.


According to the Guangyuan Aluminum Industry Development Plan and government norm, bidders cannot transfer the production capacity outside the Guangyuan City and must commit to complete expansion of production capacity to 250,000mt within three years of a successful bidding.



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