BAKU, Azerbaijan, January 19. Azerbaijan has
discussed expanding cooperation with Chinese companies and the
potential for joint projects in aluminum production, Trend reports, citing the
Ministry of Economy.
The deputy minister of economy, Samed Bashirli, met with
executives from China’s Wanji Aluminum Co., Ltd. and Sunstone
Development Co., Ltd. to explore opportunities for collaboration.
During the meeting, officials highlighted Azerbaijan’s favorable
investment climate, industrial zone infrastructure, and incentives
and support mechanisms available to foreign investors. They
emphasized that the country prioritizes industrial and
technology-driven projects and is keen on long-term partnerships
with international investors.
The discussions focused on broadening cooperation and
implementing joint aluminum production initiatives.
Azerbaijan is enhancing its role in the aluminum industry by
shifting towards high-value processed products to diversify its
non-oil sector. In 2024, production surged by 49% to 57,624 tons,
with government plans to increase capacity to 100,000–110,000 tons
annually via upgrades at the Ganja aluminum complex. The sole
primary producer, Azeraluminium LLC, exports 98% of its output,
primarily to Türkiye, the U.S., and Europe. Key upgrades involve
partnerships with European companies for modern production
facilities, focusing on high-quality products.
Local raw material sourcing is targeted through the Dashkesan
alunite mine, and the country is also branching into downstream
products, such as an aluminum beverage can factory in the Alat Free
Economic Zone. Aluminum accounted for over 5% of non-oil exports in
2022, with revenues up 2.7% in early 2025 despite volume
challenges. The sector faces logistical issues, leading to
investments in domestic anode block production.
Wanji Aluminum Co., Ltd., based in China, specializes in
industrial, transport, and technology solutions, focusing on
developing innovative products, improving manufacturing efficiency,
and expanding international partnerships. Sunstone Development Co.,
Ltd. is engaged in the research, production, and sale of carbon
materials for the aluminum industry, particularly prebaked anodes,
and is a leading exporter in this sector in China.
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