Why did Yanggu Xiangguang sell it?

Because Shandong Gold Group and Xiangguang Copper are handing over.

Xiangguang Copper was not sold to Jiangtong. Yanggu Xiangguang Copper Co., Ltd., located in the south of Shifo Town, yanggu county, Shandong Province, is the largest copper smelter in the world. At present, Shandong Gold Group and Xiangguang Copper are in the process of handover, and it is estimated that the handover will be completed in July in the second half of the year.

Xiangguang Copper generally refers to Yanggu Xiangguang Copper Co., Ltd., which is located in the south of Shifo Town, yanggu county City. It is the largest copper smelter ever built in the world, the second copper smelter in the world adopting the "double flash furnace" process of flash smelting and flash blowing, and the most advanced, environmentally friendly, energy-saving and efficient modern copper smelter in the world.