Hong Kong (Platts)--14Jul2009
China's Jinchuan Group expects to complete a new 60,000 mt/year copper-nickel alloy pipe, rod and extrusion plant by end-2009, the Gansu province-based producer said Tuesday. "Installation of new production facilities are underway that are scheduled to be completed by year-end, and future output will be both for sales within China and for export," a company official said. The output will be used in shipbuilding, desalination, galvanizing, electrical appliances, automobile and military applications, the source added. Of the 60,000 mt/year of new output, 32,500 mt/year will be copper alloy rods and wire rods, 15,800 mt/year white copper pipes, 10,700 mt/year brass and purple pipes, and 1,000 mt/year extrusion products. The plant is part of Jinchuan's Yuan 4 billion ($585 million) investment in more than 20 nonferrous metals smelting, technical renovation and chemical products projects currently under construction. Other projects include a 5,000 mt/year nickel and nickel alloy plate/strip project and a 15,000 mt/year sponge titanium project, both scheduled for completion by end-2009. The source could not provide a breakdown of the investment or other details. Jinchuan plans to produce 125,000 mt refined nickel, 400,000 mt refined copper and 7,800 mt cobalt in 2009, up 20%, 33% and 22%, respectively, from 2008, as part of its plan to lower production costs by hiking output. --Joshua Leung, newsdesk@platts.com
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