Terra Nostra is well positioned in China, earning the title of being the 6th largest producer in China. With its existing and developing capacity of 170,000 Metric Tonnes of electrolytic copper, and its fully operational 230,000 Metric Tonne capacity stainless steel casting facility; the company paces itself in a very high position. By only meeting a small portion of the demand, the company is expected to earn over $1.4 Billion in the fiscal year ending May 2009.
China’s demand for the two metals grew at an average of 9.67% from 1978 to 2006, while the rest of the world grew about 3.3% in the same period. During these years, China strengthened its nation while elevating its international status.
Mr. Sun Liu James Po, Terra Nostra Resources Corporation’s CEO, stated, “China’s dynamic and still growing economy will continue to require crucial resources like copper and stainless steel to sustain the development of industrial and consumer demand nationwide. Today’s high prices in these commodities and their related raw materials reflect this fundamental demand for such strategic metals in a continuing high growth economy.’”
Please share your thoughts:Terra Nostra Resources Corporation Message Board
