Barclays:gold to average around $1,190 an ounce in the second quarter of 2015

Recently, the Yufu Gaokin Precision Manufacturing Project in the Liangjiang New Area has officially commenced construction. The project, developed by Chongqing Gaokin Precision Technology Co., Ltd., is a high-end equipment manufacturing base integrating informatization and intelligence. With a total investment exceeding 1 billion yuan, it is planned to build approximately 100,000 m² of intelligent production workshops and supporting R&D facilities. The project will focus on the R&D and large-scale production of high-end precision parts, aluminum alloy castings, and specialized molds. Upon reaching full production, it is expected to achieve an annual output value of up to 2 billion yuan.

On the afternoon of June 2, the People's Government of Leiyang City and Centennial Tree Group Co., Ltd. signed an investment cooperation agreement for the green smart manufacturing project of high-end silicon-aluminum-based functional new materials with an annual capacity of 300,000 mt. The green smart manufacturing project for high-end silicon-aluminum-based functional new materials is expected to cover a total area of about 310 mu, build workshops of approximately 90,000 m², and is planned to have a deep processing capacity of 300,000 mt per year. After completion, it will rely on Leiyang's abundant kaolinite resources to realize full-chain production from raw ore mining to high-end ceramic raw materials, coating fillers, and papermaking additives.

Yangquan Yuanming Building Materials Co., Ltd. plans to build a bauxite processing project, which is currently in the public notice stage for the approval decision of environmental impact assessment documents. The total investment of the project is 1.8 million yuan, and after completion, it will process 50,000 mt of bauxite scrap annually.