Jiangxi Copper’s Parent Company to Invest $1.25 Billion in Zhejiang Project

Reuters reported that according to Jiangxi Copper’s (SSE:600362) parent company, it will invest 8 billion yuan ($1.25 billion) in developing smelting and refining capacity in Zhejiang province.

As quoted in the market news:

Jiangxi Copper plans to run full production and produce 1.09 million tonnes of refined copper cathode this year, up 16 percent from 940,000 tonnes last year.

Click here to read the full Reuters report.