Hailiang Copper Announces $288M Investment in Morocco's New Material Technology Industrial Park

Published: Sep 23, 2024 09:24

Save

[Hailiang Copper: Plans to Invest in the Construction of a New Material Technology Industrial Park in Morocco] Hailiang Copper issued an announcement on the record of investor relations activities, stating that the company plans to invest in the construction of Hailiang (Morocco) New Material Technology Industrial Park in Morocco, with an estimated construction period of 36 months. The project includes the construction of new production lines for 50,000 tons per year of wrought-free rolled copper and copper alloy materials, 35,000 tons per year of copper tubes, 40,000 tons per year of precision brass bars, 150 million precision copper alloy pipe fittings per year, and 25,000 tons per year of lithium battery copper foil and other new energy materials, with a total investment of US$288 million.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

36 mins ago

Cost Push or Supply-Demand Restructuring?—The Real Logic Behind Iron Phosphate Price Increases in April

Iron phosphate negotiations in April were deadlocked, with offers hitting 13,000 yuan/mt. The price surge appeared raw-material driven, but in fact reflected pricing power shifting upstream after a reversal in supply-demand fundamentals. Downstream buyers cited “cost increases” to push back, yet conveniently forgot the upstream losses quietly absorbed over the past three years. This was never about simple cost pass-through—it was a restructuring of profit distribution across the chain.

36 mins ago

14 hours ago

Sungrow: The Global Energy Storage Market Is Expected to Grow by 30–50 in 2026

At a conference call on March 31, Sungrow stated regarding the company’s overall target plan for energy storage shipments in 2026 that the global market is expected to grow by 30–50 in 2026. With raw material prices rising, some projects were in a wait-and-see stage, but the demand should still exist and would only be deferred. The company will strive based on the upper end of market growth, hoping to achieve more than 60 Gwh.

14 hours ago

SK Innovation E&S Launches Largest ESS Facility in New York

SK Innovation E&S has completed and begun operations of the largest energy storage system (ESS) facility in New York State. According to industry sources on the 31st, its subsidiary KCE launched the KCE NY 6 battery storage facility located on Electric Avenue in Blasdell, Erie County. The project, with a capacity of 20MW (45.6MWh), is the largest single ESS site constructed in New York at the time of its commissioning and is directly connected to the local power grid.

14 hours ago