PRECIOUS METALS | Avic Jonhon Says Q2 Gold Price Decline Helped Lower Costs

Avic Jonhon said a decline in gold prices in the second quarter helped reduce the company’s costs to some extent. According to Jin10, the company said on June 30 that it has built short-, medium-, and long-term systematic response plans to address rising prices for bulk raw materials. It said the measures include cost pass-through, procurement management, technology substitution, lean management controls, and supply-chain coordination to ease cost pressures. Avic Jonhon also said its isolator business can procure raw materials steadily, but it did not disclose details about specific customers or cooperation arrangements.