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Yongjie New Materials: Subsidiary Signs 2 Billion Yuan Contract with Chinalco International for the Purchase of Aluminum Alloy Ingots
Yongjie New Materials announced that its wholly-owned subsidiary, Zhejiang Yongjie Aluminum Co., Ltd., has signed an “Annual Sales Contract for Aluminum Alloy Flat Ingots” with Chinalco International Trading Group Co., Ltd. Under the agreement, from January 1 to December 31, 2026, Yongjie Aluminum will purchase products on a monthly basis, totaling approximately 100,000 tons for the year. The unit price of the products will be determined based on monthly market aluminum prices and the terms of the contract. The total value expected to be generated during the contract period is projected to exceed RMB 2 billion.
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