Seeing red over copper scrap.A provincial government in China has announced its intention to grow as a leading copper scrap processing center for that nation. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Interfax news agency, provincial leaders in Zhejiang have "laid out a strategic plan for the local copper processing industry, to increase output and raise the sector's technological level." A spokesperson from Zhejiang Economic and Trade Commission (ZJETC) has told Interfax that the privately-owned copper smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. and refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar companies in Zhejiang produce 36 percent of all copper products in China each year. ZJETC indicates the province, located in the central part of China's Pacific Coast, produces 1.2 million tons of copper products per year, and, unlike many other Chinese copper producers, Zhejiang's manufacturers are not located near copper mines, making them more dependent on scrap. Cities in Zhejiang include Ninbo and Hangzhou. "Companies normally purchase copper raw materials from the Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. Futures Exchange Futures Exchange Traditionally, a term referring to a central marketplace where futures contracts and options on futures contracts are traded. More recently, with the growth in electronic trading, it is also used to describe the activity of futures trading itself. or use copper scrap," says Mac Gongzhong, an official with an agency that reports to ZJETC. The ZJETC goal is to boost annual production to 3.65 million tons of copper products per year by 2010, according to Interfax. Provincial leaders have identified five counties within the province that offer several strengths for future copper industry growth, including the location of copper scrap importers and scrap yards scrap yard n → depósito de chatarra; (for cars) → cementerio de coches scrap yard n → parc m à ferrailles; ( and the location of electronic appliance plants and hardware distributors "forming stable industrial chains with copper processing manufacturers" The province plans to offer "policy, tax and financial measures" to help support additional copper industry growth. As quoted in the Interfax report, Mac says the provincial government will encourage copper products exporting. "The current production mainly serves the domestic market, as China is a large consumer of copper products. But we still support companies to ... bring in foreign investment and to enlarge TO ENLARGE. To extend; as, to enlarge a rule to plead, is to extend the time during which a defendant may plead. To enlarge, means also to set at liberty; as, the prisoner was enlarged on giving bail. their sales via exports." |
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