Asia
Ningxia Orient Tantalum Industry to Invest in Tantalum-Niobium Subsidiary
Ningxia Orient Tantalum Industry (SHE:000962) plans to establish a wholly-owned subsidiary, focusing on tantalum-niobium hydrometallurgy and related businesses, according to a Wednesday filing with the Shenzhen bourse.Ningxia CNMC Key Metal Materials, with a registered capital of 100 million yuan, will engage in rare metal smelting, chemical products, electronic material research and development, and technology services.Shares of the tantalum producer closed 4% lower Wednesday.
SHE:000962
