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China Nonferrous Metals Industry Association: Zijin Mining’s copper production exceeded one million tons, achieving the industry’s coveted goal

China Nonferrous Metals Industry Association: Zijin Mining’s copper production exceeded one million tons, achieving the industry’s coveted goal

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  • Time of issue:2024-02-01
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(Summary description)

China Nonferrous Metals Industry Association: Zijin Mining’s copper production exceeded one million tons, achieving the industry’s coveted goal

(Summary description)

  • Categories:New
  • Author:
  • Origin:
  • Time of issue:2024-02-01
  • Views:0
Information

This website reported  that Zijin Mining’s mined copper output exceeded one million tons, making a historic breakthrough and “achieving the development goals that the nonferrous metals industry has dreamed of for many years.”

At the press conference on the operation of the nonferrous metals industry in 2023 held on January 30, Chen Xuesen, vice president and spokesperson of the China Nonferrous Metals Industry Association, made the above statement.

At the same time, Zijin Mining's mine copper output exceeded one million tons and became one of the seven highlights of the industry's annual summary by the Nonferrous Metals Association. It attracted the attention of Xinhua News Agency and other media at the press conference.

Chen Xuesen said that Zijin Mining is committed to building a green high-tech super-first-class international mining group. It has deployed mining projects in countries along the “Belt and Road” such as the Democratic Republic of the Congo and Serbia. It is an enterprise with the largest number of gold, copper, zinc, lithium and other mineral resources in my country. one. Through counter-cyclical mergers and acquisitions, the company leverages the advantages of market-oriented decision-making mechanisms and professional advantages to form a "five-ring unification" project management model for ore flow with Zijin characteristics, ensuring that domestic and overseas mining projects are quickly put into production and setting a good example for domestic enterprises to develop high-quality resources. set the benchmark. While companies are developing at a rapid pace, they are actively improving the construction of ESG management systems to achieve win-win results for all parties, further enhancing the competitiveness and influence of Chinese companies in the international market.

Chen Xuesen introduced that in 2023, the industrial added value of non-ferrous metal enterprises above designated size will increase by 7.4% compared with the previous year, an increase of 2.2 percentage points compared with the previous year, and 2.8 percentage points higher than the increase in industrial added value of enterprises above designated size nationwide. The development of the non-ferrous metal industry in 2023 will present seven major highlights: First, the output of ten non-ferrous metal products exceeded the 70 million tons mark for the first time; second, the investment growth in the non-ferrous metal industry hit a record high in the past ten years; third, the import of traditional mining raw materials maintained growth , the decline of main export products narrowed; fourth, the price trend of non-ferrous metal varieties diverged; fifth, non-ferrous metal companies above the standard realized profits from falling to increasing, and overall exceeded the previous year's level; sixth, photovoltaic, wind power, new energy vehicles, power and storage High-speed developing industries such as energy batteries have become new growth points for non-ferrous metal consumption; seventh, international cooperation has achieved remarkable results, with Zijin Mining Group's mined copper output exceeding one million tons for the first time.

The Nonferrous Metals Association also predicted the main indicators of the nonferrous metals industry in 2024: the growth rate of the added value of the nonferrous metals industry in 2024 will remain above 5.5% and is expected to reach 6%. It is expected that the consumption of non-ferrous metals in the real estate sector will continue to slow down in 2024, but photovoltaics, wind power, power and energy storage batteries, new energy vehicles and lightweight transportation are still the main growth points of non-ferrous metal consumption. In the first quarter of 2024, non-ferrous metal prices will mainly fluctuate at the current price. In the second half of the year, copper and aluminum metal prices are expected to rebound slightly, and industrial silicon, lithium carbonate, etc. are expected to fluctuate within a reasonable price range.

The press conference was held in the form of video, and central and industry media such as People's Daily, Xinhua News Agency, Economic Daily, and China Nonferrous Metals News attended the press conference.

 

 

 

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