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copper investing

China Plans Six to Eight New Scrap Copper Plant

Investing News Network
May. 24, 2011 10:34AM PST
Base Metals Investing

Bloomberg reports that China intends to open six to eight new scrap copper plants each with an annual capacity of 200,000 tonnes.

Bloomberg reports that China intends to open six to eight new scrap copper plants each with an annual capacity of 200,000 tonnes.

The market news is quoted as saying:

China’s scrap metals recycling industry however is marred by inefficiency and environmental issues, though Ma said over the next few years China aims for consolidation and improving technology through research and development.

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