SHFE Market Movement on Dec 03rd, 2010 (Friday)

SHANGHAI, Dec. 3 (SMM) &ndash; Daye Non-ferrous Metals Company held a commissioning ceremony for its Ausmelt furnace recently.&nbsp; According to SMM sources, the Ausmelt furnace has an annual crude smelting capacity of 200 kt.&nbsp; Together with its existing crude smelting capacity, the company now boasts an annual crude smelting capacity of more than 400 kt.&nbsp; According to one person familiar with the matter, the company, with existing refined smelting capacity of 250 kt/yr, plans to expand its refined smelting capacity in the future.&nbsp; The first phase of the new refined smelting capacity will be 150 kt/yr, and will come online in 2012, which will help the company&rsquo;s refined smelting capacity reach 400 kt/yr.&nbsp;&nbsp;
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