China’s largest lithium carbonate project has been officially commissioned this week, according to a report by the Economic Daily.
Tongling Nonferrous Metals Group’s net profits for 2017 are expected to amount to 510-580 million yuan, up 183-222% from a year ago, the company said in a statement on Wednesday January 31.
Weiqiao Group has lowered its prebaked anode purchasing price by 150 yuan/mt for February, SMM learned.
Baosteel expects net profits of 19.1-19.8 billion yuan in 2017, up 113-121% from 8.97 billion yuan in 2016, according to its annual performance forecast.
Lianyuan Steel in Hunan province plans to put one 2,200-cubic-meter blast furnace in maintenance from February 1 to March 31, which will affect 350,000 mt of output, SMM learned.
China Copper Group has generated 706 million yuan of profits in 2017, setting a new record high since its establishment.
China’s largest electric vehicle producer BAIC BJEV will be listed via asset swap with an estimated market value of 28.8 billion yuan, according to Bloomberg report.
Operations at Sumitomo Corp’s Ambatovy nickel mine in Madagascar were suspended on January 4 before hurricane Ava hit, the company said on Thursday January 11.
Zenith Steel has put one of its rebar production lines on maintenance for the whole of January.
A major nickel smelter caught fire over organic solvent on the New Year’s Eve, and about 50,000-60,000 mtpy of capacity is estimated to be affected, SMM learned.
China produced 2.32 million units of passenger cars in January, up 12.7% from the same month last year, according to data from China Passenger Car Association.
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