Metallurgical Corporation of China Ltd., together with its subsidiaries, engages in the engineering contracting, property development, equipment manufacture, and resource development businesses in China and internationally. The company's Engineering Contracting segment offers engineering, construction, and other related contracting services for metallurgical and non-metallurgical projects. Its Property Development segment develops and sells residential and commercial properties, and housing; and develops land. The company's Equipment Manufacture segment engages in the development and production of metallurgical equipment, steel structures, and other metal products. Its Resource Development segment is involved in the development, mining, and processing of mineral resources; and the production of nonferrous metals and polysilicon. The company also engages in the infrastructure investment, metallurgy equipment manufacture, and underground pipe gallery technology and development activities; and mining and smelting of nickel cobalt ore, as well as provision of investigation, design, infrastructure contractor, finance, repair work, trading, and finance lease services. The company was founded in 2008 and is headquartered in Beijing, the People's Republic of China. Metallurgical Corporation of China Ltd. is a subsidiary of China Metallurgical Group Corporation. USD/JPY drops below 156 as US CPI eases and BOJ rate hike expectations increaseAn increase in rate hike expectations from the BOJ and softer US CPI data see USD/JPY turn lower
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