-
China’s top copper miner to ramp up output as supply risks mount
China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits. Zijin Mining Group aims to boost mined copper production to 1.22-million tons in 2025, up 4% from a previous target, according to a filing to the Shanghai Stock Exchange late Thursday. Output for 2028 would surge to between 1.5-and 1.6-million tons, it said, which would be up about 50% from 2023. The Fujian-based company said it made the revisions given its positive fundamentals and the potential to increase capacity. Zijin will accelerate development of existing mines in Tibet, ... (full story)