Chinese Copper Giant Invests $288 Million in Moroccan Factory Amid US Tensions

Ensuring the supply of customers in Europe, America, the Middle East and Africa in a geopolitical context marked by the disruption of trade flows. This is the objective pursued by Zhejiang Hailiang Co., which has informed the Shenzhen Stock Exchange of its intention to open a factory in Morocco. New energy materials, including lithium battery sheets, will have to be produced in the future factory to meet the growing global demand, reports Bloomberg. The factory could ensure an annual production of 50,000 tons of alloys, 35,000 tons of tubes, 40,000 tons of bars and 25,000 tons of sheets. Its construction is scheduled to take six months.

The free trade agreements that Morocco has already concluded with the United States, the European Union and Turkey have motivated Hailiang to choose the kingdom as a production base. These agreements will facilitate the Chinese company’s access to several markets. This future industrial site will be added to those already existing in the United States, Germany, France, Italy, Spain, Vietnam, Thailand and Indonesia (under construction).