Alcoa and the China Development Bank (CDB) signed a Memorandum of Understanding to collaborate on an array of aluminum and related projects both in China and abroad, focusing on Alcoa partnering with Chinese companies on global expansion projects and developing China’s domestic aluminum industry. The MOU will support Alcoa’s expansion around the world through knowledge-sharing and potential financing support on appropriate projects.

Alcoa and CDB, which is China’s leading development bank, will work together to identify potential partners and projects in and outside China. In addition, CDB will prioritize Alcoa’s projects in China, and the two organizations will engage in professional training for each others’ staffs.