Minmetals Rare Earth and Huayu Mining sign strategic cooperation agreement
2020-01-03 14:32:01 [Print]
On December 31, Tibet Huayu Mining Co., Ltd. (Huayu Mining) and Minmetals Rare Earth Group Co., Ltd. (Minmetals Rare Earth) signed a strategic cooperation agreement in Beijing.
The cooperation agreement mainly includes:
I. Antimony trade cooperation: In order to strengthen the cooperation in production, processing and trade of antimony products, Minmetals Rare Earth and Huayu Mining plan to set up a joint venture in Tibet which specializes in the trade of antimony and antimony products.
II. Cooperation mechanism: According to the agreement, the two sides would establish a high-level strategic communication mechanism to communicate on cooperation projects and key issues periodically. At the same time, they should establish a special liaison mechanism to promote the implementation of cooperation agreement and timely coordinate problems.
The cooperation agreement mainly includes:
I. Antimony trade cooperation: In order to strengthen the cooperation in production, processing and trade of antimony products, Minmetals Rare Earth and Huayu Mining plan to set up a joint venture in Tibet which specializes in the trade of antimony and antimony products.
II. Cooperation mechanism: According to the agreement, the two sides would establish a high-level strategic communication mechanism to communicate on cooperation projects and key issues periodically. At the same time, they should establish a special liaison mechanism to promote the implementation of cooperation agreement and timely coordinate problems.
Antimony Conc. 50%min Delivered China
Unit:RMB/mt Sb
China antimony ingot producers' sales volume statistics by province by month
Unit: mt
