China Nickel Resources, Lianyungang,First Nickel-iron plant Will complete in June 2010
China's nickel resources, Dong Shu-tong, chairman and chief executive officer, said downstream metal processing industry, a decline in gross margin trends in the upstream will go up, so our group focus on the upstream resource development and roughing operations.
He also said that it will invest 650 million yuan (below) the construction of Lianyungang nickel-iron plant, the first phase was completed in June of next year is expected to design capacity of 1 million tons, containing about 32,000 tons of nickel is expected the scale of production is higher than Xinxin Mining with the industry, about 9,000 tons of nickel annually. If the current Shanghai Metal Exchange nickel price of 130,000 yuan per tonne, the project will reach 4.16 billion yuan annual income.Nickel is the main material of stainless steel pipe and stainless steel tube.
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