China’s copper deposits are highly dependent on foreign countries, and this industry’s three major groups are also beyond exception. Among them, Jiangxi Copper has the highest self-sufficiency rate, but it is also less than 20%. In February, it announced that it will raise about RMB 7 billion in targeted issuance of A-shares and H-shares for copper expansion and technological transformation.
In view of this, the Chinese companies are also continuously increasing their investment in overseas mineral deposits, including the successful TroMoc copper project in Peru, such as the Chinalco Group, which is a 10 million-ton-class super-large-scale copper mine in the world. At the same time, it is also the largest copper project that China has invested overseas.