Alcoa and CPI to Develop Aluminum, Energy Projects

Alcoa AA and the China Power Investment Corporation will collaborate on a broad range of aluminum and energy projects representing more than $7.5 billion of potential investment over the coming years, under a Memorandum of Understanding signed by the companies today. U.S. Secretary of Energy Steven Chu, Chinese Minister of Science and Technology Wan Gang, and Administrator Zhang Guabao of the Chinese National Energy Administration presided over the signing ceremony between Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld and CPI President Lu Qizhou. The ceremony was held in Washington, DC, during Chinese President Hu Jintao's State Visit to the United States. The MOU represents a global, fully integrated platform for cooperation between the two parties in China and key markets around the world.