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港股异动 | 中国东方集团(00581)涨超8% 近日与安赛乐米尔塔合资新能源软磁材料项目

HK stock abnormal movement | china oriental (00581) rose more than 8%, recently jointly invested in new energy soft magnetic materials project with Amesil Milta.

Zhitong Finance ·  Oct 27 22:16

China Oriental (00581) rose more than 8%, as of the time of the report, it rose by 8.2% to HK$1.32, with a turnover of 8.029 million Hong Kong dollars.

According to the Securities Times app, China Oriental (00581) rose more than 8%, rising 8.2% to HK$1.32 as of the time of the report, with a turnover of 8.029 million Hong Kong dollars.

On the news front, recently, ArcelorMittal and China Oriental (Hong Kong) jointly established a new energy soft magnetic material project signing ceremony held in Tangshan. The new energy soft magnetic material project, jointly invested by both parties with a 50% stake each, is located in Tangshan City, Hebei Province, and Changzhou City, Jiangsu Province, with a total investment of $2.6 billion. It is scheduled to start construction at the end of this year, and production is expected in 2026.

It is reported that this is one of the largest projects that European companies have invested in China in recent years, and also one of the largest projects for foreign direct investment in the domestic steel industry. The project mainly produces high-end new energy soft magnetic materials, mainly used in various types of electric machines, generators, transformer cores, and electric motors for new energy autos, meeting the market demand for soft magnetic materials in China. At the same time, the project features green manufacturing, achieving 100% green electricity supply.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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