AMU
December 18, 2024
Wittbecker on aluminum: A look at China's new state-owned scrap company
Written by Greg Wittbecker
In October, state news agency Xinhua announced the formation of a recycling company called China Resources Recycling Group (CRRG). A joint venture of a host of Chinese state-owned companies (SOEs), the venture will have $1.41 billion in capital.
The JV will include Baowu Steel (20%), China Petrochemical (20%), Assets Supervision and Administration Commission (20%), China Resources (20%) Aluminum Corporation of China (CHALCO-10%), and China Minmetals (10%).
