Jiangxi Copper of China, which is also the largest Copper producer in
the country is planning to scale up its operations in order to become
top five metal company in the world. The company has plans to invest in
rare earth metals and to invest further in metals in next 10 to 15
years. The report from China is that the company is also extending its
scope in investments in banking and securities sector to support the
goal. Jiangxi is already the second largest shareholder in the Bank of
Nancheng and has established a International trading company in Shanghai
with an investment of 1 billion yuan.
Source by Commodity Insights
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