The 2025 World Copper Conference (Asia), co-hosted by China Minmetals Corporation Limited (hereinafter referred to as “China Minmetals”) and the British Commodity Research Institute, convened in Shanghai. The conference featured in-depth discussions on core topics including global copper market trends, industrial layout in Asia, technological innovation applications, and sustainable development practices. Its aim is to jointly safeguard the sustainability of the copper industry chain and build a more resilient and inclusive global copper industrial system.

Amid ongoing global energy transitions and industrial upgrades, the copper sector faces significant opportunities for green and low-carbon development alongside multiple challenges including supply chain coordination, technological innovation, and market volatility. As a vital engine of global economic growth, China serves not only as a major copper resource producer and consumer market but also as a dynamic hub for technological innovation, bearing the critical mission of driving high-quality development in the global copper industry.

“China Minmetals was born from mining and thrives through mining. In the copper sector, we operate mines such as Bambas in Peru, Komakoe in Botswana, and Kinshasa in the Democratic Republic of the Congo, with current copper reserves exceeding 50 million tons. By 2030, our annual copper production from mines is projected to surpass 1 million tons,” stated Xu Jiqing, Deputy General Manager of China Minmetals, at the conference.

Additionally, China Minmetals has continuously strengthened R&D efforts in high-purity metals and high-end alloys within its smelting operations, achieving breakthroughs in areas such as lead-free brass. In its trading segment, the company has optimized logistics node layouts through innovative models that integrate and restructure global supply chain service elements.

After 75 years of development, China Minmetals has evolved into a modern metal and mineral enterprise group characterized by mineral resource-based operations, diversified core businesses, multi-faceted structures, multinational operations, and super-large scale integration. Currently, the company operates 41 mines domestically and internationally, covering 28 types of mineral resources. It has established a full industrial chain development model spanning resource exploration, design and construction, development and operation, smelting and processing, trade and logistics, scientific research and development, and financial capital.

Amid profound adjustments in the global economic landscape and accelerated industrial transformation, the copper industry faces unprecedented opportunities and challenges. On one hand, explosive growth in emerging sectors like new energy vehicles, artificial intelligence, and data centers injects robust momentum into copper demand. On the other, profound shifts in the international environment pose uncertainties to the resilience and security of global supply chains, raising higher demands on the industry.

With technological innovation as its core driver, the copper industry is steadily advancing toward greater efficiency, environmental sustainability, and long-term viability. It is also demonstrating vast potential in emerging sectors like energy transition, the digital economy, and green development.

Currently, the total output of overseas copper projects operated by Chinese enterprises approaches 4 million metric tons of copper metal, more than double China's domestic production. Statistics indicate that among the nearly 4 million metric tons of overseas copper production by Chinese enterprises, projects in Africa account for over 70%, while those in Latin America represent less than 20%. Latin America possesses advantages such as excellent resource endowment, relatively low geopolitical risks, and moderate development difficulty, offering significant potential for copper investment and development.

Key copper mining projects currently operated by Chinese companies in Latin America include the Bambas Copper Mine in Peru, the Termoeléctrica Copper Mine in Peru, the Mirador Copper Mine in Ecuador, and the Shouxin-Meti Iron Ore Project in Peru. The steady advancement of these projects has significantly improved local infrastructure and driven community development in areas such as employment, education, healthcare, sanitation, and environmental protection.

Copper resources are being developed and utilized in a stable, efficient, and responsible manner, driving social progress and improving people's livelihoods. Throughout this process, cultural and technological exchanges between East and West have intensified, fostering a virtuous cycle of interaction among enterprises, communities, governments, and society, ultimately achieving mutual benefit and win-win outcomes. China Minmetals Nonferrous Metals remains confident in the prospects for copper resource development in Latin America. Guided by technological innovation and leveraging the high-level integrated advantages of China Minmetals' full industrial chain, the company will contribute to deepening the China-Latin America community of shared future in the field of copper resources.

As an integrated internet platform providing benchmark prices, on December 12, the benchmark price of copper on SunSirs was 92,796.67 RMB/ton, an increase of 6.17% compared with the beginning of the month (87,403.33 RMB/ton).

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