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Xingye Copper International Group Ltd. raised its copper plate and strip capacity to 80kt. Capacity expansion has been achieved by improving technology. The company is a major high precision copper plate and strip producer in China with two plants in Cixi City, Zhejiang Province and Yingtan City, Jiangxi Province. For FY2008, Xingye Copper reported operating income of 1.758 billion yuan, down by 16.1% y-o-y, and shipments of 44,387 tonnes compared to 51,889 tonnes in 2007.

According to the General Research Institute of Mining & Metallurgy, it is a misconception to that 50-60% of copper is absorbed by China's power industry. The industry body posits that 30% of copper consumption is attributed to infrastructure projects, which include power, rail and telecommunications. 21% is absorbed by the construction, 20% for the production of consumer goods and 7% by industrial equipment manufacturers. The research institute forecasts copper consumption growth of 5% in the power industry this year and considers it to be the key driving force behind overall Chinese copper demand, which it expects to increase 4.1% in the same period.

Xingye Copper International Group plans to commission its 25,000t/y copper plate and strip project in Zhejiang province by 2014. The company already operates a copper and copper alloy plate and strip plant.