Reuters reported that Jiangxi Copper Company Limited will build 400,000 tonne per year copper product plant in Zengcheng city of Guangdong province.

As per report, an agreement was signed by city officials and Mr Long Ziping ED of Jiangxi Copper with total investment set at CNY 2 billion.

Mr Kang Shuigen spokesman of Jiangxi Copper said that Jiangxi Copper had planned to build a copper product plant with annual capacity of 300,000 tonnes to 400,000 tonnes and a total investment of around CNY 300 million.

Jiangxi Copper operates more than 500,000 tonnes of annual copper product capacity that uses refined copper as feed. The company plans to produce 900,000 tonnes of refined copper this year compared with 802,000 tonnes last year.

(Sourced from Reuters)