Mitsubishi Materials: Japan's Mitsubishi Materials sells aluminum business to U.S. Fund, Auto News, ET Auto

2021-12-16 08:23:59 By : Ms. Yuer Lee

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Mitsubishi Materials said in a statement that although the global aluminum market is expected to grow, Mitsubishi Materials has decided to divest its aluminum business because it is difficult to find synergies with other businesses, such as copper products for electric vehicles and cement.

According to a report from Shanghai Metal Market, an aluminum plant with an annual production capacity of 300,000 tons in Yunnan Province, China, has ceased production after an explosion on Thursday night

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