Recently, international copper price has been rising steadily, reaching a peak of $9,500 per ton, which has driven up the price of recycled copper. According to an investigative report of Zhejiang Hailiang Co., Ltd. in the Finance News program of China Central Television, when asked by reporters, Jiang Limin, General Manager of Hailiang’s Supply Chain Center, responded, “At the beginning of the year, copper price was around 64,000 yuan per ton, and by the end of the year, it had risen to nearly 70,000 yuan, with an increase of more than 5,000 yuan per ton, or about 8%”.

Since the beginning of this year, China’s manufacturing industry has been recovering, and the orders of copper processing industry has increased significantly, leading to a growing demand of raw materials. However, domestic recycled copper resources are inshort supply.

“Before the Chinese New Year, our daily production was around 1,500 tons, and after the Chinese New Year, it has reached nearly 2,000 tons. The procurement plan for recycled copper has increased by more than 10%”, according to Jiang.

Hailiang has always adhered to the pricing model of “material price + processing fee” and strictly follows the business principle of “no market speculation”. It has core competitive advantages in controlling raw material price fluctuations and ensuring stable profitability. During development process, it has established a complete risk-control system, including commodities, exchange rates, investments, accounts receivable, and operating capital, to ensure sustainable and steady operation of the company.

Additionally, adhering to the craftsmanship spirit, Hailiang serves society and people with high-quality products, and makes contributions to promoting economic development.

In the future, guided by the goal of “achieving leapfrog development in intelligent manufacturing of non-ferrous materials”, Hailiang will step out of the product and application ends, and upgrade traditional manufacturing to intelligent one to make further contributions to social and economic development.