Tsingshan Seeks LME Listing for Indonesian Aluminum Amid Production Surge
Tsingshan Holding Group, a major Chinese company, has applied for its aluminum produced in Indonesia to be listed on the London Metal Exchange (LME). This move, if approved, would make Tsingshan's Hua Chin smelting joint venture the second Indonesian high-grade primary aluminum brand accepted by the LME, following state-owned Inalum. The application comes as Indonesia increases its aluminum production and exports, potentially alleviating global shortages exacerbated by geopolitical tensions in the Middle East. The Hua Chin project, located on Sulawesi island, has an annual capacity of 480,000 metric tons of aluminum ingots.