China’s Tsinghua University to buy aluminium smelter Xinjiang Tianshan for $3.7b

Tsinghua Unigroup logo is seen at its office in Beijing, China, November 15, 2015. REUTERS/Kim Kyung-Hoon

A unit of Beijing’s Tsinghua University on Tuesday said it would buy aluminum smelter Xinjiang Tianshan for an estimated 23.6 billion yuan ($3.69 billion), in the second major deal in China’s aluminum industry in just over two weeks.

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