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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