In recent years, Chinese aluminium companies have shown growing interest in expanding their footprint overseas, with several companies already operating plants, or planning to invest, in resource-rich countries such as Indonesia, Guinea, and Kazakhstan, Mo noted.
This "going global" strategy is primarily driven by aluminium companies' demand to get access to abundant raw materials such as bauxite. Additionally, some foreign governments have introduced policies requiring local processing of mineral resources rather than the direct export of raw ores, prompting Chinese firms to invest in overseas alumina refineries.
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Notably, Chinese firms have already established approximately 7.65 million tonnes of alumina refining capacity abroad, Mo said. Of which, 6 million tonnes are located in Indonesia and 1.65 million tonnes in Jamaica.
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