Shenyang to build China`s first trading platform for non-ferrous metals
Source: www.chinamining.org Citation: chinadaily.com.cn Date: July 16, 2015
On July 6th Shenyang Heping District Government announced China`s first non-ferrous Internet conference, to be held in Heping District, Shenyang city from September 23 to 24.
Meanwhile, China`s first Internet trading platform for non-ferrous metals will be also available within this year.
For now, the "Internet + traditional industries" model is seen as the best way to upgrade traditional industries. The non-ferrous metal industry faces the opportunity to transition, and that`s the context of hosting China`s first non-ferrous Internet conference.
The conference will be co-organized by China Nonferrous Metals Industry Association and Shenyang Heping District Government, and plans to invite more than 300 professionals to discuss the solutions and paths of "Internet + nonferrous marketing" in a bid to promote the transformation and upgrade of the industry.
The head of Shenyang Chengtong Metal Ltd , a leading nonferrous enterprise, said that participating enterprises will include smelting enterprises, traders, logistics companies, banks, and major production enterprises. China`s first non-ferrous metals trading platform will be set up in Shenyang this year, greatly reducing operating costs. As a consequence, Shenyang is expected to become China`s trading center for non-ferrous metals.
Non-ferrous metals have high liquidity, high standardization, high price volatility, high risk, and strong financial features. The advantages of the Internet are openness and transparency, efficiency, big data gathering, and risk prevention. Therefore, Internet + non-ferrous metals industry is the only way out for industry transformation and upgrading. Internet technology will help the industry to improve efficiency, reduce transaction costs, reduce operational risks, and improve the financing environment.
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