Aluminum companies frequently expand overseas: Global layout under new supply and demand structure

In the beginning of 2026, the pace of Chinese aluminum companies' overseas expansion accelerated, with a series of moves outlining the clear restructuring of the global aluminum industry landscape. From Indonesia to the Middle East, companies such as China Zhongwang Holdings and Chalco have successively announced expansions, covering all aspects of the industry chain including electrolytic aluminum production capacity construction and improvements to supporting facilities. Behind the frequent overseas expansions of aluminum companies is a profound transformation of the global supply-demand pattern of electrolytic aluminum. According to a research report by China International Capital Corporation, the supply-demand gap for electrolytic aluminum will continue to expand in 2026, coupled with the active resonance of global fiscal and monetary policies, aluminum prices are expected to continue to reach new highs. Several industry experts have told reporters that against the backdrop of the widening gap in electrolytic aluminum, Chinese aluminum companies are aggressively expanding their presence in overseas energy-rich regions, not only as an active choice to break through development bottlenecks, but also as a key force in filling global supply-demand gaps and reshaping the industry competition landscape, signaling that China's aluminum industry globalization layout has entered a new stage.