Maike, Jinchuan plan nickel, copper trading venture

Nov 15, 2012 | 09:15 AM | Alex Harrison

Tags  Maike Metals Group, Jinchuan Group, metals trading venture, nickel, copper, Jinbi He, Alex Harrison

LONDON — Maike Metals Group and Jinchuan Group Co. Ltd. have established a framework agreement for a metals trading joint venture.

The trading company, which likely will be based in Shanghai, is expected to trade nickel and 2 million tonnes of copper per year both inside and outside China.

The joint venture, capitalized with 1 billion yuan ($160 million), will be an independently operated, international trading company, and won’t affect Maike’s current 1 million tonnes in annual copper trading, Maike Metals chairman Jinbi He told AMM sister publication Metal Bulletin Thursday. ....

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