SHANGHAI, Aug. 21 (SMM) – On August 17, Shenhuo Group signed a deal with Shangqiu Urban-Rural Integration Demonstration Zone Management Commission to build a high-end aluminum foil project in the city.
UBS Raises Aluminum Price Forecast on More-than-Expected Closure in China
The project, with total investment at 3.6 billion, has a designed annual capacity of 100,000 tonnes of high-end light gauge aluminum foil.
Aluminum Bulls Watch Out: Crazy Speculations Mask Poor Market Fundamentals, SMM Warns
Over 80% of products from the project will be exported to Europe and the US.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn