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Indonesia seeks control of aluminum supply chain

Inalum bets on new holding structure to finance ambitious expansion

A smelter run by Indonesia Asahan Aluminium at Kuala Tanjung in North Sumatra province. (Photo by Erwida Maulia)

KUALA TANJUNG, Indonesia -- Employees at Indonesia Asahan Aluminium, the country's only aluminum producer, looked cheerful as for the first time in many years they welcomed dozens of journalists from major publications in Jakarta. The physically remote and reticent company has recently come under the spotlight following its appointment as the holding company for three state-owned miners.

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