Group 1 - The establishment of China Resource Recycling Group's non-ferrous metal investment company in Hangzhou marks a significant step in promoting the circular economy in the Yangtze River Delta region [1][2] - The company aims to build a collaborative and symbiotic business system for non-ferrous metal recycling, focusing on technological innovation and digital transformation [2] - The project was completed in just 9 days, highlighting the efficient business environment in Hangzhou, supported by a multi-level coordination mechanism [2] Group 2 - Hangzhou possesses a strong advantage in developing the circular economy, with the largest steel supply chain service matrix in the country and influential industrial ecosystems in energy, chemicals, and non-ferrous metals [3] - The city is accelerating the creation of a "bulk commodity investment and trade service innovation center," with a projected trading volume of 1.4 trillion yuan in 2024 [3] - The new company will enhance cooperation between central and local governments, as well as between enterprises, to promote the construction of regional circular economy parks and industrial ecosystems [3]

Core Viewpoint - The establishment of China Resource Recycling Group Nonferrous Metal Investment Co., Ltd. in Hangzhou marks a significant step in the development of nonferrous metal recycling and utilization, enhancing the resource recycling industry layout in China [1][2] Group 1: Company Establishment and Objectives - The new company aims to ensure the safety and stability of the national nonferrous metal strategic resource industry chain and supply chain, aligning with national policies [1] - The company will integrate with Zhejiang's green and innovative development advantages to enhance the scale and efficiency of recycled nonferrous resource recovery [1] - The company is set to create a national-level platform for recycled metal circular utilization, supporting the integrated development of the Yangtze River Delta [1] Group 2: Business Model and Strategy - The company is constructing a "1+2+N+X" collaborative business system for nonferrous metal recycling and utilization, focusing on technological innovation and digital transformation [1] - The foundational business will be based on copper and aluminum, while also exploring new avenues in precious metals and strategic metal reserves [1] - The company aims to establish a nationwide resource-intensive layout and regional synergy advantages through a collaborative network [1] Group 3: Innovation and Industry Transformation - The company will take on the primary responsibility for integrating the national nonferrous metal resource recycling industry, promoting technological, management, and business model innovations [2] - The focus will be on enhancing core competitiveness and streamlining the entire nonferrous metal industry chain towards high-end, intelligent, and green development [2] - The company plans to build a circular economy model that addresses resource shortages and industry fragmentation in China's nonferrous metal sector, aspiring to become a leading domestic and internationally recognized enterprise in nonferrous metal recycling [2]