Recently, in the China Nonferrous Metals Group Management District  Hezhou Pinggui look high town (Guangxi)  the  UFO Corporation,  the deep processing project site  of tungsten products , many locomotives  are in  land leveling operations rapidly.

The initial investment of tungsten products deep processing projects is over 600 million yuan. It is one of   the important in  China Nonferrous Metal Group with a total investment of over 20 billion Ping Gui UFO non-ferrous metals and high-tech materials industry park. And it is the first major project since  the Ping Gui UFO joined  the China Nonferrous Metals Group  to start construction. The project focused on planning and constructing of an annual output of 5000 tons APT, an annual output of 3,000 tons of tungsten powder, carbide 1000 tons, 500 tons of tungsten metal and its alloy products.  The work of the "five in one" smoothly  progressed since  the project officially  has entered the constructions  by the end of last year and  planed  to put into operation in the end of this year. After the completion of the project, it  is expected to be realized sales revenue of over 1 billion yuan,  profits and taxes of 250 million yuan.


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Non-ferrous metals industry in Hunan Province continuous years of structural adjustment and effectively. On March 6, news came from Province’s Non-ferrous Metal Industry Work Conference said that, in the context of the global non-ferrous metal industry wind blowing, Hunan Nonferrous Metals Industrial rose in contrarian in last year, industrial output value of the national ranking continued to move forward and entered fifth place. This year, the province's non-ferrous metals industry will continue the structural adjustment, to be quality and efficiency.Striving to have a more than 14% separately increase both in industrial output value, main business income and industrial added value.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
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Yesterday, the latest data released by China Foreign Exchange Trading Center that on March 11, the central parity rate of the RMB against the U.S. dollar at 6.2769, devalued 50 basis points over the previous session.

Although the devaluation appeared, the view in last week, the RMB gained 79 points against the central parity of U.S. dollar. And it is reported last Friday of the RMB against the U.S. dollar central parity 6.2719, breaking a new high since the last two months. In fact, the pressure of RMB appreciation is persisting all the time.

Recently in the major central banks on the international intensive Yee interest period, the major central banks to maintain the previous level of interest rates and monetary policy, and the latest-than-expected trade surplus in January-February, domestic short-term liquidity surge still withstand a certain market outlook RMB appreciation pressure.

ANZ Bank Greater China, Liu Ligang, director of economic research, with the inflow of hot money in China ,the pressure of RMB appreciation also appeared.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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