China Hongqiao has announced plans to raise the annual capacity of the lightweight industrial metal by around 15% this year if the market recovery continues.

According to reports, the Shandong-based company aims to spend up to 15 billion yuan this year on expanding its output capacity of aluminium, alumina, bauxite and electricity, besides retrofitting its coal-fired power plants to meet future carbon emission requirements.

Last year’s spending totalled 14 billion yuan.