The spokesman of the Aluminum Corporation of China Limited (Chalco) said on Tuesday that the company has suspended a smelter project in Malaysia, which is worth more than $1 billion.
"The project is stalled now," the spokesman told the reporter.
Chalco signed a frame agreement with Malaysian Gulf International Investment Group in 2010 to join in building the aluminium smelter in Sarawak in order to use local cheap hydropower price.
The annual capacity of the program is 370,000 tons.
The agreement had not been proceeded because preparation work of the project was not completed.
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