Tianshan Aluminum Company has actively disclosed updates regarding its investor relations. Following the successful equity acquisition of local mining companies in Guinea, the company is steadily advancing its region's bauxite mining and shipment project.
The project has now entered the large-scale mining phase, with products being shipped to China progressively. This development is expected to significantly support the company's alumina production needs and bolster its future raw material self-sufficiency.
Tianshan Aluminum's bauxite project
Meanwhile, Tianshan Aluminum's bauxite project in Indonesia is under thorough investigation, with efforts underway to fulfil the preconditions for project delivery at the earliest. Preparatory approvals for the first phase of a 1-million-ton alumina project are also progressing.
In comparison to the same period last year, the production costs for the company's electrolytic aluminium and alumina have mainly remained stable. Although the price of alumina, a key raw material, saw a substantial year-on-year increase, this was offset by a significant decrease in anode carbon costs, ensuring overall production cost stability.
Additionally, driven by a recovery in downstream consumer electronics and the acquisition of new customers, the company's high-purity aluminium segment saw a marked improvement. Sales for the first three quarters increased by 34% year-on-year, leading to a rebound in the segment's overall profitability.
About Tianshan Aluminum
Tianshan Aluminum Group Co., Ltd. is involved in the production and sale of a wide range of aluminium products and materials. Its offerings include electrolytic aluminium, high-purity aluminium, bauxite, aluminium deep processing, alumina, and prebaked anodes. Founded in 1984, the company is headquartered in Shihezi, China.
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