China Oriental (00581) rose more than 8%, as of the time of the report, it rose by 8.2% to HK$1.32, with a turnover of 8.029 million Hong Kong dollars.
According to the Securities Times app, China Oriental (00581) rose more than 8%, rising 8.2% to HK$1.32 as of the time of the report, with a turnover of 8.029 million Hong Kong dollars.
On the news front, recently, ArcelorMittal and China Oriental (Hong Kong) jointly established a new energy soft magnetic material project signing ceremony held in Tangshan. The new energy soft magnetic material project, jointly invested by both parties with a 50% stake each, is located in Tangshan City, Hebei Province, and Changzhou City, Jiangsu Province, with a total investment of $2.6 billion. It is scheduled to start construction at the end of this year, and production is expected in 2026.
It is reported that this is one of the largest projects that European companies have invested in China in recent years, and also one of the largest projects for foreign direct investment in the domestic steel industry. The project mainly produces high-end new energy soft magnetic materials, mainly used in various types of electric machines, generators, transformer cores, and electric motors for new energy autos, meeting the market demand for soft magnetic materials in China. At the same time, the project features green manufacturing, achieving 100% green electricity supply.