Recently, China Aluminum Group and China Rare Earth Group officially signed a strategic cooperation agreement at the China Aluminum Building in Beijing, marking the deepening cooperation between the two state-owned enterprises in multiple key areas. This cooperation not only demonstrates the firm determination of both sides to jointly promote the development of China’s strategic emerging industries, but also indicates that China’s modern industrial system will usher in new development opportunities.
According to the agreement, China Aluminum Group and China Rare Earth Group will fully leverage their respective professional advantages in the fields of advanced material research and application, industrial synergy and industrial finance, green, low-carbon and digital intelligence, and carry out multi-faceted and in-depth cooperation in accordance with the principles of “complementary advantages, mutual benefit and win-win, long-term cooperation, and common development”.
In the research and application of advanced materials, both parties will work together to enhance China’s competitiveness in the global new materials industry. Chinalco Group and China Rare Earth Group have profound technological accumulation and market advantages in the fields of aluminum and rare earth, respectively. The cooperation between the two sides will accelerate the research and development process of new material technology, promote the application of new materials in strategic emerging industries such as aerospace, electronic information, and new energy, and provide strong support for the transformation from Made in China to Created in China.
In terms of industrial collaboration and industrial finance, both parties will jointly build a more complete industrial chain, achieve close connection between upstream and downstream enterprises, reduce transaction costs, and enhance overall competitiveness. At the same time, cooperation in industrial finance will provide both parties with richer financing channels and risk management methods, supporting the rapid development of enterprises and injecting new vitality into the optimization and upgrading of China’s industrial system.
In addition, in the field of green, low-carbon and digitalization, both sides will actively respond to the call for national ecological civilization construction and jointly explore the application of green, low-carbon and digitalization technologies in industries. By promoting the transformation and upgrading of traditional industries, achieving sustainable development, and contributing to the green development of the Chinese economy.
The strategic cooperation between China Aluminum Group and China Rare Earth Group not only helps to enhance the comprehensive strength and competitiveness of both companies, but also provides strong support for the construction of China’s modern industrial system. Both sides will fully leverage their respective advantages, jointly address industry challenges, seize development opportunities, and contribute to building a more prosperous, green, and intelligent Chinese industrial system.
Post time: Dec-24-2024