Recently, a nationwide nonferrous metals trading center launched its platform in Tongling City, and dozens of companies along the industrial chain, including Tongling Nonferrous Metals, expressed great interest.

　　The reporter learned that the entity promoting its services in Tongling is the Asia-Europe Nonferrous Metals Trading Center, registered in Shanxi Province. Wang Wei, the company’s president, explained that the platform primarily focuses on spot trading of copper products. Simply put, companies can use their existing spot copper inventories as collateral to obtain financing on the platform. After the goods are delivered to state-owned warehouses for quality inspection and storage, the companies receive funds to support their development. Subsequently, they repay the principal and interest of the loan on schedule as stipulated in the contract and then redeem their goods.

　　Meanwhile, the platform provides greater support for immediate spot trading and investment, and investors can be enterprises, institutions, or individuals.

　　In the past, individual investors were unable to directly invest in copper products on major domestic metal trading platforms—especially... 2008 The global value of copper commodities remains high this year. (8 Ten thousand yuan / ton ) At that time, domestic spot copper trading was still in its infancy and could not yet benefit from the favorable conditions of the capital markets. For the entire industry, trading platforms powered by internet technology can facilitate the flow of goods and help enterprises overcome funding difficulties. In the future, these platforms may gradually enable China to exert greater pricing power over its domestically produced copper products in the global market.

　　The promotion of this platform has received support from the Tongling Municipal Government and is also beneficial to the city’s ongoing industrial reform initiatives. According to information obtained by reporters from the Copper Industry Office of the Tongling Municipal Commission of Economy and Information Technology, for a long time, Tongling City has established the China Copper Industry Network, the Anhui Copper Commodity Market, and the National Import Waste... “ Zone Management ” In addition to platforms such as industrial parks, we have long been eager to establish a related online trading platform in the context of the internet. In the later stage, the Asia-Europe Nonferrous Metals Trading Center will build a warehouse in Tongling and designate Tongling as the core area for its market trading platform. This will not only provide local enterprises with convenient spot delivery and financing services but also, through an online platform, create a comprehensive trading hub for the domestic copper industry and explore more optimal market development models.