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    Sanxiang Advanced Materials to co-invest with CATL into Mg-Al alloy project

    2020-08-27 17:43:26   [Print]
    Sanxiang Advanced Materials announced that, in order to advance its strategic development in the new material industry, it plans to co-invest into a Mg-Al alloy project with CATL, Jiangsu Vansun Group, Juanda Investment and Yintai Investment & Finance.Asian Metal CopyrightSanxiang Advanced Materials announced that, in order to advance its strategic development in the new material industry, it plans to co-invest into a Mg-Al alloy project with CATL, Jiangsu Vansun Group, Juanda Investment and Yintai Investment Finance.Asian Metal Copyright The project is tentatively named Ningde Wenda Magnesium and Aluminum Technology Co.Asian Metal CopyrightSanxiang Advanced Materials announced that, in order to advance its strategic development in the new material industry, it plans to co-invest into a Mg-Al alloy project with CATL, Jiangsu Vansun Group, Juanda Investment and Yintai Investment Finance.Asian Metal Copyright, Ltd.Asian Metal Copyright59 million, 25%, 17%, 35%, 9% and 14% will be contributed respectively by CATL, Jiangsu Vansun Group, Sanxiang Advanced Materials, Juanda Investment and Yintai Investment Finance.Asian Metal Copyright; of its total registration capital of RMB300 million (USD43.Asian Metal Copyright .Asian Metal Copyright59 million), 25%, 17%, 35%, 9% and 14% will be contributed respectively by CATL, Jiangsu Vansun Group, Sanxiang Advanced Materials, Juanda Investment and Yintai Investment & Finance.

    .Asian Metal Copyright Asian Metal Copyright
    Magnesium Alloy AZ91D EXW China
    Unit:RMB/mt
    Magnesium Alloy AZ91D EXW China RMB/mt
    China magnesium alloy producers' suspension number statistics by month
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    China magnesium alloy producers' suspension number statistics by month
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