Sino-Platinum Metals’ subsidiary to resume operations in late May

2009-05-22 Kunming

Sino-Platinum Metals announced that its Yunnan province-based subsidiary would resume operations in late May this year, with initial output of 120 tons of nickel per month. The subsidiary had shuttered its production lines on October 1, 2008 due to the significant drop in the price for nickel and the increasing cost for raw materials such as vitriol and sodium sulphide. In view of positive turnaround in the Chinese nickel market, the board decided to resume operations in a move to prepare for further development.