CITIC Resources Holdings (HK:1205) has released an update.
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CITIC Resources Holdings has announced an additional nine-year electricity hedging agreement for their Portland Aluminium Smelter joint venture in Australia, commencing July 2026. This new agreement, together with a previous one, will secure up to 95% of the energy needed for the smelter’s near full capacity production, with an option to incorporate renewable energy sources for up to 30% of its electricity. The announcement is voluntary and aimed at keeping shareholders and potential investors updated on the company’s strategic efforts to ensure stable operations amid fluctuating energy prices.
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