Platts reported that China's Jinchuan Group expects to complete a new 60,000 tonnes per annum copper nickel alloy pipe, rod and extrusion plant by end of 2009. Of the 60,000 tonnes per annum of new output, 32,500 tonnes per annum will be copper alloy rods and wire rods, 15,800 tonnes per annum white copper pipes, 10,700 tonnes per annum brass and purple pipes and 1,000 tonnes per annum extrusion products.
A Jinchuan official said that "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." He added that the output will be used in shipbuilding, desalination, galvanizing, electrical appliances, automobile and military applications.
The plant is part of Jinchuan's CNY 4 billion investment in more than 20 nonferrous metals smelting, technical renovation and chemical products projects currently under construction. Other projects include a 5,000 tonnes per annum nickel and nickel alloy plate strip project and a 15,000 tonnes per annum sponge titanium project, both scheduled for completion by end of 009.
Jinchuan plans to produce 125,000 tonnes refined nickel, 400,000 tonnes refined copper and 7,800 tonnes cobalt in 2009 as part of its plan to lower production costs by hiking output. Sourced from SteelGuru
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