Jiangxi Copper
Jiangxi Copper Company Limited is the largest integrated copper producer in China. Headquartered in Nanchang, Jiangxi Province, the company is a key subsidiary of Jiangxi Copper Corporation, a state-owned enterprise. Jiangxi Copper engages in the mining, smelting, and refining of copper and other non-ferrous metals, alongside related trading and financial services.
History
Founded in 1979, Jiangxi Copper was restructured and listed on the Shanghai Stock Exchange in 1997. The company has grown to become one of the world's largest producers of copper and related products.Operations
Mining and smelting
Jiangxi Copper controls a range of mining and processing assets across China and abroad. It has two stand out facilities because of size:- Dexing Copper Mine: Located in Jiangxi province, this is one of the largest open-pit copper mines in China. In addition to copper, it produces significant quantities of gold as a by-product, with estimated output of 165,230 ounces in 2023.
- Guixi Smelter: Located near Dexing, the Guixi Smelter is the only copper smelting facility in the world with annual production capacity exceeding one million tons per plant. The facility features full process automation, including the world's first independently developed anode and cathode plate transportation and quality inspection system.
Products
- Base metals: Copper cathodes, rods, wires, foils
- Precious metals: Gold, silver, platinum, palladium
- Rare and minor metals: Molybdenum, selenium, rhenium, tellurium, bismuth
- Chemical products: Sulfuric acid, sulfur concentrate
International investments
- In 2024, it raised its stake in SolGold to 12.2%, investing around US$18 million.
- It maintains a strategic shareholding in First Quantum Minerals, a major international copper miner.
Other business lines
- Financial services: Including internal financing, settlement, and investment services related to its core operations.
- Metals trading: Exports to Hong Kong, Taiwan, Australia, and Thailand.