Nanshan Aluminum Industry: Plans to invest 3.056 billion yuan in a 250,000 ton electrolytic aluminum project in Indonesia.

Nanshan Aluminum announced that the company plans to establish a project subsidiary PT.HEAI in Indonesia with a proposed investment of approximately $436.57 million, with Nanshan Aluminum International, a wholly-owned subsidiary of its controlling subsidiary Shengshi Asia, holding 99% of the shares and Shengshi Aluminum holding 1%. The project will involve the construction of an annual production capacity of 250,000 tons of electrolytic aluminum over a period of 2 years. The products will initially provide aluminum water for further processing. This investment is an important step in the company's globalization strategy, but the project faces risks such as political, security, exchange rate, and approval risks.