Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s Shandong Fangyuan Non-Ferrous Metals plans to form a supply chain with state-owned Xiamen ITG to expand its sales reach.


The partnership will enable Fangyuan’s subsidiary Dongying Lufang Metal Materials to have access to more resources to enable sales at the cash-strapped smelter, according to media reports on Jul 8.


Fangyuan has been ailing since 2019 following a shortage of funds. The 700,000mt per year smelter had also hinted at receiving funds from Xiamen ITG in April this year.

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