SMM News: it is reported that Shanghai Ruige Metal New Materials Co., Ltd. (hereinafter referred to as "Ruiger Metal") plans to invest in Wenxi County, Shanxi Province to build an annual production capacity of 300000 tons of recycled aluminum project. Data show that since April 2020, the production and sales of magnesium alloy and aluminum alloy products have been booming, reaching the best level in the same period in history. Ruiger Metal is located in Pei she Township, Wenxi County, Shanxi Province and Beihai Economic Development Zone, Binzhou City, Shandong Province.
According to Yan Guoqing, general manager of Ruige Metals, the total investment of 300000 tons of recycled aluminum project is 500 million yuan, the total construction period is two years, the first phase of the project is designed to 100000 tons of recycled aluminum, the construction period is six months, covering scrap aluminum disassembly, crushing, magnetic separation, separation, smelting and casting. The first phase of the project will be officially put into production in April 2021. At present, detailed project planning, equipment procurement and personnel training are under way on Synchronize.
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