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It was reported that Zhejiang Hailiang Co. Ltd., a manufacturer of copper semi fabricated products, intends to acquire a 1.12% stake in the Chinese copper and nickel producer, Jinchuan Group. Hailiang expects to invest RMB800M (US$126M) into the producer company as it readies for its upcoming IPO in China. The move toward greater upstream copper processing exposure was attributed to risks associated with Hailiang's high dependence on copper products fabrication and Jinchuan's experience in managing overseas assets.

Jinchuan Group began construction of its 300,000t/y continuously cast copper rod and rolled products operation. The company is China's third largest producer of refined copper, with a reported capacity of 600,000t/y.

There have been reports that the Jinchuan Group Ltd. has invested in modernising its 60,000t/y high-precision copper tube production line. The company introduced a 55MN double-action extruder and a 35MN indirect extruder. Similar to many other Chinese copper semis fabricators, Jinchuan is focusing on increasing its output of more technologically advanced products which have greater value added.