Chalco, the second-largest aluminium producer, has pulled out of a A$3bn (US$2.4bn) deal to develop a bauxite refinery in Australia, blaming a drop in aluminium prices and difficult global conditions.
The Hong Kong-listed subsidiary of Aluminium Corporation of China won a permit to mine the high-quality Aurukun bauxite deposits in northern Queensland on condition it build a processing plant.
However, Chalco had been seeking to revoke the commitment given the fall in aluminium prices and the higher-than-expected cost of building a refinery in a remote location.
您已閱讀34%（564字），剩余66%（1085字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。