Haiden Holmes
Nov 10, 2022 14:38

China's top copper producers are urging the government to mine more of the metal locally and internationally, China Nonferrous Metals News said Wednesday.
Jiangxi Copper Co Ltd, Zijin Mining, Tongling Nonferrous Metals Group Co Ltd, and others urged authorities on Tuesday to start new mineral exploration and mine development.
Concerns are growing regarding the global supply of copper, which is utilized in transportation, construction, renewable energy, and electric cars.
Las Bambas copper mine in Peru, operated by Chinese miner MMG Ltd, has scaled down operations due to blockades by local organizations.
Chile's Codelco will extend smelter maintenance from 90 to 135 days.
China imports 25% of its copper needs.
At the meeting, Chinese corporations allegedly suggested mining companies should dig deeper and broader to lengthen mine life, while smelting companies should expedite foreign resource development and optimize their design across the industrial chain.
Chinese miners face growing competition for rare minerals elsewhere.
Canada ordered three Chinese corporations to withdraw from Canadian resources this week, citing security concerns.
China imported 23.40 million tons of copper ore and concentrate last year.
Nov 09, 2022 15:45
Nov 10, 2022 14:43