Zijin Mining Unit Co-founds Fujian Longtan Resource Investment Firm
Fujian Longtan Resource Investment Co. , Ltd. has been established with a business scope covering mineral processing and smelting of base, precious, ferroalloy, ferrous, and rare-earth metals. The company is jointly held by Fujian Zijin Rare and Precious Metals Co. , a wholly owned subsidiary of Zijin Mining, and other shareholders.
Fujian Longtan Resource Investment Co. , Ltd. has recently been established, with a business scope that includes mineral processing, smelting of common non-ferrous metals, precious metals, ferroalloys, iron and steel, as well as rare and rare-earth metals. According to its shareholding structure, the company is jointly held by Fujian Zijin Rare and Precious Metals Co. , a wholly owned subsidiary of Zijin Mining Group, and other shareholders.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Base Metals, with intensity 50/100 and 70% confidence over a medium term horizon.
Base Metals
- Direction
- positive
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Medium term
Energy Transition Metals
- Direction
- positive
- Intensity
- 40
- Confidence
- 60%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.