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The capacity of the new plant will be 70 kt p.a. and will take two years to complete. Upon completion, Chalco Shanghai Copper production capacity of copper plates/strips will increase from 50 kt p.a. to 120 kt p.a.. The project is another strategic breakthrough for Chalco’s non-aluminum sector following the acquisition of Hubei Daye Nonferrous Metals and Luoyang Copper.
Downstream processing capacity has expanded rapidly recently in China due to a large number of high-end copper expansion projects. CBI is confident that the products from these high-end production lines will help substitute part of the existing import in the following several years, but domestic supply of high-end products will not likely exceed downstream demand.
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