China’s Dongying Fangyuan in search of buyers

摘要

China’s largest private copper smelter, Dongying Fangyuan Nonferrous, is now up for partial sale, Fastmarkets has learned. The smelter in Shandong has recently approached some major non-ferrous metal companies to seek a “strategic partnership,” multiple sources familiar with the matter said. The strategic partnership could mean the sale of a partial stake for fundraising at the smelter, which was once the fourth-largest copper producer in China. Guangxi Nanguo Copper, another private smelting operator, was among the first approached, three sources said, although talks are at a preliminary stage with no agreement yet.