With its advanced technology and environmental protection advantages, the project has been successfully approved by the National Development and Reform Commission, the Shandong Development and Reform Commission, the Ministry of Finance and the State Environmental Protection Administration, and has been listed as a provincial key construction project by the Shandong Provincial Government. The project conforms to the national industrial policy and belongs to the development project encouraged by the state, and the imported equipment enjoys the tax exemption policy; At the same time, the National Development and Reform Commission also approved Xiangguang Copper to use the Nordic Investment Bank loan of 45 million US dollars for project construction; On June 15, 2006, the board of directors of Nordic Investment Bank unanimously passed the project according to the environmental standards of the World Bank.
Xiangguang Copper is located in Hebei, Shandong and Henan provinces, and has a unique market location advantage. Its completion will change the unbalanced development of copper smelting industry in China, readjust the layout of copper smelting in China, and occupy an important position in the world copper smelting industry with its world-class technology, equipment and technology.