China’s Top Copper Miner to Ramp Up Output as Supply Risks Mount
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Source: Bloomberg
- China's Leading Copper Miner Output:
- China's leading copper miner, Zijin Mining Group, raised its output guidance to meet expected deficits and boost mined copper production.
- Plans to increase mined copper production to 1.22 million tons in 2025 and between 1.5 to 1.6 million tons by 2028.
- Revisions made due to positive fundamentals and capacity expansion potential, focusing on existing mines in Tibet, Congo, Serbia, and global mining projects.
- Global copper prices are near all-time highs due to the green transition demand, with market tightening after mine shutdowns.
- Lithium Carbonate Output Revision:
- Zijin also revised down its lithium carbonate output to 100,000 tons in 2025 from 120,000 tons previously in response to market conditions.
- Gold Output Increase:
- The company plans to increase its mined gold output to 85 tons in 2025 and to 100-110 tons by 2028, up from 68 tons in 2023.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
