Chongqing will build a rare earth high-iron aluminum alloy cable enterprise The annual output is expected to reach 10 billion

Chongqing will build a new rare earth high-iron aluminum alloy energy-saving and environmental protection cable enterprise, which is expected to reach 10 billion annual output, which is the news
of the rare earth high-iron aluminum alloy energy-saving and environmental protection cable new technology application seminar on September 14.
This seminar is held by Chongqing Electrical Industry Association, and the new technology and new application of aluminum alloy cable are the biggest highlight
of this seminar.

At the meeting, Wu Zhenbao, executive vice president of Guangdong Xinyi Aluminum Alloy Cable Co.
, Ltd
.
, introduced that Xinyi Aluminum Alloy Cable Company finally successfully developed a rare earth high-speed iron aluminum alloy power cable with independent intellectual property rights, which took 10 years.

Wu Zhenbao said that Chongqing's annual demand for cables reaches 100 billion yuan, and the market demand is very large, and at present, China's self-produced rare earth high-speed rail aluminum alloy cables have been used in thousands of large-scale engineering projects
such as State Grid, China Southern Power Grid, China Railway, Sinopec, and the Three Gorges of the Yangtze River.

Wu Zhenbao introduced that the rare earth high-iron aluminum alloy cable developed by Guangdong Xinyi Aluminum Alloy Cable Company has more than 80 patented technologies, the flexibility is 30% higher than that of copper cable, the elongation is 50% higher than that of copper cable, and the creep resistance is 40% smaller than that of copper cable, which has passed the authoritative certification of the United States, Canada, Australia and other countries, and the comprehensive technical performance has reached the international advanced level, breaking the Western technology monopoly
.

Wu Zhenbao said that Guangdong Xinyi is ready to invest 2 billion yuan to set up a rare earth high-speed iron aluminum alloy energy-saving and environmental protection cable enterprise with an annual production capacity of 10 billion yuan in Chongqing, with an estimated construction period of 2 years, which can save 2 billion yuan in direct procurement costs for the country and society, 3 billion yuan in indirect energy conservation and consumption reduction benefits, create 1,000 jobs, and generate 1 billion yuan
in taxes.

It is reported that 70% of China's annual copper concentrate relies on imports, if not imported, China's copper resources can be used for up to 5 years, but China's aluminum resource reserves are about 2.
7 billion tons
.
If aluminum can be used instead of copper to produce cables, the demand for copper can be greatly reduced
.
The United States has developed aluminum alloy conductors at the end of the 60s of the 20th century, and 90% of civil and commercial buildings in the United States use aluminum alloy cables, but China has been in a blank
space in this regard.
Now the price of copper is about 50,000 yuan / ton, while the price of aluminum is about 15,000 yuan / ton, and the cost of copper conductor materials accounts for about 70% of the cost of the cable, so the use of aluminum alloy cable instead of copper cable can save nearly 30% of the cost
.
The aluminum alloy cable with the same ampacity is half the weight of the copper cable, so the use of aluminum alloy cable is much lighter in weight, which can be bridge-free or bridge-saving, which can further save 20~50% of the installation cost
.