Minmetals solidifies copper supplies with new deal
8 months ago

Minmetals solidifies copper supplies with new deal

China Daily  

China Minmetals Corp's acquisition of a large-scale copper mine in Southern Africa's Botswana is expected to help meet enduring strong demand for the metal in China, said industry analysts. MMG Ltd, a unit of mining giant China Minmetals, has finalized acquisition of the Khoemacau copper mine, located in the Kalahari Copper Belt, the company said late last month. Zhao said China relies heavily on Chile and Peru for copper imports, so the African deal will further diversify import channels and better secure supplies of strategic resources. The rapid expansion of Chinese smelters pushed the country's refined copper output up 13.5 percent last year to a record 13 million metric tons.

Chinese Million China Minmetals Tons Copper Deal China  vehicle  copper  minmetals  acquisition  solidifies  million  energy  supplies  demand  chinese  tons  deal  china

Discover Related