United Company Rusal, Russia's biggest aluminum producer, is seeking Chinese partners to set up joint venture factories in Russia's Siberia region, the Jinghua Times newspaper reported on Monday.
The report comes as Hong Kong-traded RUSAL signed a Memorandum of Understanding on Saturday with the China Nonferrous Metals Industry Association.
A senior official told the newspaper that a special work team has already been set up to attract Chinese investment into resource-rich Siberia.
Siberia has one of the world's biggest bauxite mines while the price of electricity, which is essential to turn bauxite into alumina, is cheap.
Producing a ton of alumina costs around $1,600 in Siberia, compared with $2,250 in China's Henan province.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
