Yuguang plans new smelting lines, capacity expansion

Lead producer Henan Yuguang Gold & Lead Co Ltd (Yuguang), is expanding its output and launching two new smelting lines in China this year to capitalize on the global price rally for the metal.

Yang Anguo, chairman of Yuguang, told China Daily that the company would grow lead output by 17 percent this year to 350,000 tons.

The company is also bolstering its resource footprint and has initiated talks to acquire mining assets. "Hopefully, we will be able to close some of the deals soon," said Yang without giving any details.