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Yuxiao Becomes China's Biggest Uhligite Supplier

Sinocast Metals, Mining & Chemicals Beat (China)

SHANGHAI , April 1 , SinoCast -- A ship fully loaded with uhligite has left Mozambique for Tianjin . This is the biggest batch of uhligite Jinan Yuxiao Group transports back to China for sale, which comes to over 40,000 tons or roughly CNY 100 million .

As a big uhligite consumer, China has an annual demand of over 4 million tons and the demands are growing 6% each year. Over 90% of uhligite depends on imports.

Yuxiao took over limestone mine in Maputo in 2007, becoming China's first private company marched into Mozambique's mining industry.

The company has two joint ventures in Mozambique . The ventures' uhligite mine projects came into production in 2013, and zirconium middlings produced are all transported back to China for sale.

Yuxiao will capture 20% of China's zirconium middling market, consolidating leading position in uhligite supply.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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