Qingyuan Scrap Copper Trading Center to Begin Operations in September

SHANGHAI, August 2 (SMM) - Qingyuan Scrap Copper Trading Center, with a total investment of over RMB 500 million, will begin operations in September.  As the first electronic market to be combined with spot and forward trading, the trading center, located in south China, is expected to,post trading values of RMB 80-100 billion in 3 to 5 years time.

Operations at the trading center will change traditional trading methods, and help promote  development of the scrap copper industry in an orderly and sustainable manner. 

SMM believes the Qingyuan Scrap Copper Trading Center will help promote scrap copper trading in the local area as well as secure and transparent trading. With standardization and strict management, the ability to establish a second service to develop scrap copper markets is the key to success. Qingyuan is China’s largest base for dismantling scrap copper, and is a leader in efforts to optimizing industrial supply chains, smelting and processing, and strengthening third-party services in logistics, storage, banking and trading. 

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