China's Copper Industry: taking advantage of the opportunity to make a New Chapter

Published: Jul 6, 2021 13:25

Thanks to the long-term and sustained growth of China's economy, since January 2003, the world prices of aluminum, copper, lead, zinc, nickel and other non-ferrous metals have risen in an all-round way, the market demand is strong, and both buyers and sellers have won. However, the overall upward trend has been maintained, bringing opportunities for the development of China's copper, lead and zinc industry. Under such favorable circumstances, China Copper Co., Ltd. (hereinafter referred to as "China Copper") was established on August 25, 2008 and has become a young "dark horse" in China's copper-lead-zinc industry. From the copper division of Chinalco Group to the eclectic strategic unit of the copper-lead-zinc industry, the difficult and tortuous growth process is by no means a day's work. After 13 years of energy saving and sharpening, China's copper industry is mature and ready to go, and initially has the strength to travel thousands of miles and gallop freely.

During the 13th five-year Plan period, China's copper-lead-zinc industry developed in an all-round way, from geological prospecting to mining, from raw material smelting to intensive processing of copper, lead and zinc, and high-end manufacturing, lighting up the colorful map of copper, lead and zinc in the world with a strong development image. Thanks to the historical opportunities brought about by the overall upgrading of the industry, and driven by the support of the Chinalco Group, China's copper industry made great efforts to govern, innovate and strive for strength, and finally built a dream in Beijing and Yunnan during the 13th five-year Plan period. it has achieved what the Chinese copper people have wanted to do for many years, achieving the glorious dream of "big and medium copper", a strong combination of copper and lead and zinc, gathering various resource elements and aiming at the development direction of non-ferrous metals in the world. The action is sonorous, firm and heroic, which has laid a solid foundation for sustainable development.

It is the unswerving ideal of China's copper industry to build a world-class copper-lead-zinc enterprise with global competitiveness. For this reason, China's copper industry is high and far-sighted, thinking about tomorrow today, planning the future with top-level design, speeding up the layout of the paper in the opening year of the 14th five-year Plan, making great strides forward in creating a new situation, repeatedly innovating with its own hard strength. Under the strong leadership of the party group of Chinalco, China's copper industry has achieved rapid development in a relatively short period of time, with a complete copper-lead-zinc industry chain and two A-share listed companies. The output of electrolytic copper ranks the third in China, the output of lead and zinc refining products ranks first in China; the output of lead and zinc in concentrate ranks first in China, and the output of copper in concentrate ranks first in China; the output of germanium metal ranks first in China, accounting for 1 pound 4 of the global market share; the comprehensive strength of copper ranks in the forefront of the country, and the comprehensive strength of lead, zinc and germanium ranks first in China, laying a solid foundation for high-quality development.

In 2021, driven by the study and education of party history, from January to May, China's copper industry maintained a strong momentum of reform and development, paying close attention to the weak points and "sticking neck" problems restricting the development of enterprises, conquering one fortress and one fortress, eliminating one problem and one problem, all factors were world-class, all production and operation indicators were greatly improved, progress in exceeding the profit target, and ROE targets were greatly improved compared with the annual target. The production and operation is fast and stable, the quality of development is constantly improving, and presents to the centenary of the Party with outstanding achievements.

Opportunities and challenges in the open era go hand in hand, opportunities make China's copper industry full of confidence, and challenges inspire China's copper industry to fight. In the face of the objective problems and shortcomings of enterprises, China's copper industry should take a broad view, enhance its vigilance, always adhere to the problem orientation, and speed up to make up for the weaknesses. We will continue to optimize the multi-dimensional profit model, governance control system, investment control system and scientific and technological innovation system, continuously improve the market operation mechanism, implementation mechanism, educate and guide cadres and staff to improve the "seven abilities" and enhance the "eight abilities." To achieve the "six requirements", continue to improve in little by little efforts, continue to forge ahead in the long-term dedication to meritorious service, and promote the enterprise to be stable and evergreen with real action ability and value creation.

The development and revitalization of China's copper, lead and zinc is on the way and unstoppable, and China's copper industry is ready to strive for the top.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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