创新新材拟 2.09 亿美元参股沙特红海铝产业链项目

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

创新新材拟 2.09 亿美元参股沙特红海铝产业链项目

2025-03-07 10:07:02 来源：北方有色网责任编辑：管理员

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2025 年 3 月 6 日，创新新材（600361.SH）发布公告称，公司全资孙公司 Richmond Management Pte. Ltd. 拟联合关联方及第三方共同投资沙特红海铝产业链综合项目。根据公告，此次投资总额度不超过 8.26 亿美元，其中创新新材通过子公司 Richmond 认缴 2.09 亿美元，占股 25.2%，其余股份由控股股东创新集团、实控人关联方及两家非关联方共同持有。

项目定位与战略布局

该项目选址沙特延布工业园区，规划建设年产 50 万吨电解铝及 50 万吨高精度铝棒、铝板带箔的全产业链生产基地，配套铝灰处理厂及电网设施。项目落地后将覆盖从原铝冶炼到高端铝材加工的完整链条，契合沙特 “2030 愿景” 对高端制造业的发展规划，同时响应中国 “一带一路” 国际产能合作倡议。沙特作为全球重要的能源输出国，其红海沿岸区位优势显著，毗邻欧亚非主要铝消费市场，且当地能源成本低于国际平均水平。

放弃全资投资的深层考量

公告显示，创新新材主动放弃全资投资机会，主要基于三方面因素：其一，项目总投资达 18.35 亿美元，其中电解铝环节需 8.94 亿美元，公司现阶段尚不具备独立承担该项目全部投资的财务能力；其二，公司核心优势集中于铝合金深加工领域，在上游电解铝建设运营方面缺乏专业团队与技术储备；其三，全资投入将面临地缘政治、政策变动及市场波动等多重风险。通过参股方式，公司可在控制资金风险的同时，共享控股股东在资源整合、海外项目管理方面的经验。

合作方结构与治理机制

根据协议，投资主体 Red Sea Aluminium Holdings Pte. Ltd. 由五方共同持股：创新新材关联方合计持股 84%（其中 Richmond 与 Startford 各占 25.2%，Kingston 占 33.6%），非关联方 UP Global 与 Deepwater 各持 8%。项目公司将由 RSA Holding 全资运营，创新新材表示将通过完善公司治理机制，对项目资金使用、建设进度及运营风险实施有效管控。

风险提示与后续安排

此次交易尚需通过中国 ODI 备案及沙特当地审批，且存在宏观经济波动、行业政策调整等不确定性。创新新材强调，将严格履行信息披露义务，并通过参股方式平衡风险与收益。同时，公司同步推进股份回购计划，拟以 1 亿至 2 亿元自有资金回购股份并注销，彰显对长期价值的信心。

行业观察

业内人士指出，创新新材此举旨在深化全球化布局，通过产业链协同提升竞争力。沙特项目与公司现有铝加工业务形成互补，既规避了全资投资的资金压力，又可借助控股股东资源获取上游原料保障。随着项目落地，公司有望进一步巩固在高端铝材领域的市场地位，为股东创造长期价值。

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[ SQL ] SHOW COLUMNS FROM `tb_index_cate` [ RunTime:0.000476s ]
[ SQL ] SELECT * FROM `tb_index_cate` WHERE `cate_aid` = 1 ORDER BY `sortid` ASC [ RunTime:0.000367s ]
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创新新材拟 2.09 亿美元参股沙特红海铝产业链项目

项目定位与战略布局

放弃全资投资的深层考量

合作方结构与治理机制

风险提示与后续安排

行业观察

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