Ligeance Mineral Chengdu Aerospace has not put rhenium into massive production now
2017-09-05 17:58:27 [Print]
On September 4, opening price of Ligeance Mineral stocks reached the highest transaction price of the day, which benefited from the realization of rhenium purification led by wholly-owned subsidiary, Chengdu Aerospace Superalloy Technology Co., Ltd. (hereinafter referred to as “Chengdu Aerospace”) with breakthrough of foreign technology block. Owing to lacking orders, Chengdu Aerospace has not produced rhenium massively at the moment and downstream single crystal blade is in technical certification phase without large scale production.
Although the company realized technical breakthrough in purification of rhenium, they have not put the material into massive production now. Security department of Ligeance Mineral Resources Co., Ltd. disclosed that although rhenium supply falls short of demand, Chengdu Aerospace has not received market orders and cannot produce with large quantity as its downstream clients are military enterprises who are strict about technology. The source also claimed that as Chengdu Aerospace is in technical certificate phase for the moment, they cannot make mass production despite that the company has completed installment of the second single crystal blade furnace.
Public statistics show that Chengdu Aerospace was established in July 2013 with registered assets of RMB200 million and mainly undertakes the project of high-temperature rhenium alloy blade of aero-engine, the key project that Ligeance Mineral spends huge fund. In 2014, Ligeance Mineral finished the non-public issues of stocks and used RMB600 million of the funds raised in the project. Chengdu Aerospace cumulatively invested RMB369 million in it at the end of 2016.
Although the company realized technical breakthrough in purification of rhenium, they have not put the material into massive production now. Security department of Ligeance Mineral Resources Co., Ltd. disclosed that although rhenium supply falls short of demand, Chengdu Aerospace has not received market orders and cannot produce with large quantity as its downstream clients are military enterprises who are strict about technology. The source also claimed that as Chengdu Aerospace is in technical certificate phase for the moment, they cannot make mass production despite that the company has completed installment of the second single crystal blade furnace.
Public statistics show that Chengdu Aerospace was established in July 2013 with registered assets of RMB200 million and mainly undertakes the project of high-temperature rhenium alloy blade of aero-engine, the key project that Ligeance Mineral spends huge fund. In 2014, Ligeance Mineral finished the non-public issues of stocks and used RMB600 million of the funds raised in the project. Chengdu Aerospace cumulatively invested RMB369 million in it at the end of 2016.
