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while we wait...i also see were

in response to Re: SH by bluenoser

posted on Jul 14, 09 11:15AM

back up to 7$ nickel..

Jinchuan to add 60,000 mt/year copper-nickel alloy plant end-2009

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