China's Top Aluminum Maker Mulls Moving Plants to Indonesia
- Xi’s supply-side reforms force China Hongqiao to close plants
- Hongqiao’s chief says it’s talking to investors in Indonesia
This article is for subscribers only.
Aluminum smelters standing idle and cold because of President Xi Jinping’s flagship supply-side reforms could run hot with molten metal once again -- just not in China.
The nation’s top producer of the metal, China Hongqiao Group Ltd., is considering whether to physically relocate shuttered plants to other countries, with Indonesia top of the list of possibilities, according to Chief Executive Officer Zhang Bo.