SHANGHAI, Oct. 16 (SMM)－Rongjie Corporation released notice recently, saying it plans to increase 118 million yuan’s capital for Rongjie Metals, which totally holds 20% equity of the latter company. Rongjie Metals currently has a cobalt-related product of annual capacity of 700 tonnes (calculated by metal amount), electrode copper of annual capacity of 100 tonnes, and ammonium sulfate of annual capacity of 8,500 tonnes.

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