Find out what millions of sellers are selling right now.
Find out what millions of buyers are buying right now.
Search Lead Business Directory for suppliers and buyers.
Find out about Lead Trade Shows & Events.
Posted on : Mar 09, 2009
Australia / China | Battery recycling plant operator Hydromet from Australia,
will receive a Aus$3 million cash injection from a share placement to a Chinese
company to fund its expansion. Under the deal, Hydromet will issue 49.92 million
shares - equating to 15% of its issued capital - at six cents each to leading
used lead acid battery (ULAB) recycler Jiangsu Chunxing Alloy Co Ltd (Chunxing)
of Nanking.

The placement, which is set to be completed in the next month upon Chinese
government approval, also paves the way for an agreement for the supply of lead
products to Chunxing from Hydromet's Unanderra recycling operation and Newcastle

‘The board believes that the following benefits of the involvement with Chunxing
will place Hydromet in a much stronger position within the ULAB recycling and
secondary lead production markets within Australia and the Pacific,’ Hydromet

‘With the volatile metal market, financial market turmoil and uncertainty
experienced since 2008 we believe that joining with Chunxing will be invaluable
in working through the challenges ahead and will place us in a positive position
to take advantage of improved conditions as they emerge.’ A representative of
the privately owned Chunxing will join Hydromet's board.

Chunxing is the largest lead recycling company in China with four operating
plants. It has more than 30 years experience in the secondary lead smelting
market. It is the only waste metal recycling company in China recognised by the
Chinese government under the National Circular Economy program, which supports
selected organisations in expanding through foreign investment.

Other News and Announcements
[United States]
Posted on : Sep 28, 2018
The public review period of the proposed upgrade of Quemetco Inc’s recycling plant in Los Angeles by the South Coast A....
[United Kingdom]
Posted on : Sep 27, 2018
Last week, Zero Emissions Day focused the world’s attention on the goal of reducing emissions and encourages and celebrates opportunities to achieve this goa....
[United Kingdom]
Posted on : Sep 27, 2018
Dr Boris Monahov recently announced his retirement from ALABC after 9 years of service managing the Consortium’s techni....
[United States]
Posted on : Sep 27, 2018
Mesa Technical Associates, the US provider of power products for telecoms, utilities and industrial markets, has bought the North American lead-acid battery arm of Alcad, the firm announced on September 13.....
[United States]
Posted on : Sep 26, 2018
“As we focus on the battery technology of tomorrow, today’s market leader, lead-acid technology, will continue to play a significant role in the future of vehicle energy storage,” said Rigb....
Read More