Jiangxi Copper to shelve Malaysia scrap processing plant plan

Jiangxi Copper has canceled its plan to construct a copper scrap processing plant in Malaysia, chairman Zheng Gaoqing said on Thursday April 8 in a conference call to investors.

In 2019, Jiangxi Copper became the first Chinese company to receive approval to set up a 150,000-tonne-per-year copper facility in Malaysia to process low quality copper scrap including insulated copper wire (ICW).
The Chinese state-owned company has not given a reason for its decision not to go ahead with the foreign investment project.

The company was under the lead of former chairman Long Ziping when the company made the decision to build the facility...

Published

Julian Luk

April 09, 2021

14:27 GMT

London