On August 20th, Sunstone Development announced the signing of a capital increase agreement with Geely Baikuang to jointly invest 290 million yuan into Tiandong Baikuang Santian Carbon Co., Ltd. Following the capital injection, Sun-stone Development will hold a 66 per cent stake, while Geely Baikuang will own 34 per cent. The funds will be allocated to constructing a 600,000-tonne prebaked anode production facility.
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About Sun-stone
Sun-stone Development has consistently ranked first in China for anode exports over several years as a leading global manufacturer of prebaked anodes. Geely Baikuang, part of the Geely Science and Technology Group, is a major enterprise group involved in coal, electricity, electrolytic aluminium, alumina, carbon, aluminium deep processing, and ecological manganese industries.
Recognized as the "most competitive enterprise in China's aluminium industry," it is a leading industrial player in Guangxi's electrolytic aluminium sector and a champion demonstration enterprise in the region's manufacturing industry for primary aluminium production.
Market analysis indicates a continued supply gap for prebaked anodes in southwest China. Internationally, driven by the strong performance of the domestic electrolytic aluminium industry and limitations on production capacity, the expansion of overseas electrolytic aluminium production is accelerating. Additionally, as overseas prebaked anode production capacity enters a renewal cycle, the global prebaked anode market presents significant growth potential.
About the project
The project is located in Tiandong County, Baise City, Guangxi Province, at the heart of the Nanning-Guiyang-Kunming Economic Corridor. It serves as the "bridgehead" of the China-ASEAN Free Trade Area. Positioned along the southwest sea passage, it benefits from excellent transport links, including highways, railways, waterways, and air routes, offering highly favourable logistical conditions.
Once completed, the project will not only meet the demand for prebaked anodes from electrolytic aluminium enterprises in Baise and Guangxi but will also support the ongoing transformation and upgrading of the aluminium industry in southwest China. Additionally, Sun-stone Development plans to leverage the strategic advantages of Guangxi's coastal ports to further expand its share in overseas markets.
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