HKSE - Delayed Quote HKD

Jiangxi Copper Company Limited (0358.HK)

16.420

+0.580

(+3.66%)

At close: 4:08 PM GMT+8

China Copper Smelters Move Closer to Possible 10% Production Cut

(Bloomberg) -- Chinese smelters, which produce over half the world’s supply of refined copper, moved a step closer to implementing a joint output cut after tightening ore supplies drove processing fees to near zero.Most Read from BloombergTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseApple Plans New iPad Pro for May as Production Ramps Up OverseasUBS Banker’s Frustration Exposes Cracks in World of Climate Fin

Bloomberg 29 days ago

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Exclusive-First Quantum execs discuss investment, disputed copper with Chinese officials

LONDON/TORONTO (Reuters) -Executives from Canadian miner First Quantum Minerals met with Chinese government officials last week to discuss funding and business options involving top investor Jiangxi Copper Co, three sources with knowledge of the matter said. The talks in Jiangxi province included topics such as the potential for state-run Jiangxi Copper, China's leading producer, to gain influence on First Quantum's board decisions, two of the sources said. Also discussed was the future of First Quantum's Zambian assets and the prospect of Jiangxi buying its disputed copper concentrates inventory from Panama, they said.

Reuters 30 days ago

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Chinese money still chasing Canadian critical mining deals despite Ottawa's scrutiny

A year after Canada tightened foreign investment rules for the critical minerals sector, Chinese money has continued to pour into Toronto-listed miners, according to proprietary research conducted by the University of Alberta. The inbound flow is raising hopes among some junior miners that it will be easier to find Chinese funding. Canada had forced three Chinese investors to sell their stakes in Canadian critical mineral companies in 2022.

Reuters last month

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First Quantum gets financial boost from Chinese company after Panama production pause

Receiving a US$500-million prepayment from a Chinese shareholder

Financial Post 2 months ago

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First Quantum in talks with Jiangxi Copper on sale of stake in Zambian mines-source

TORONTO (Reuters) -Canadian miner First Quantum Minerals is in talks to sell a stake in its Zambian copper mines to Chinese state-owned Jiangxi Copper Corp, aiming to bolster the company's finances, a person familiar with the matter told Reuters. Details are yet to be finalized and it was not clear whether the latest talks would lead to a transaction, the person said. The talks began last month after First Quantum suffered a major blow in Panama, where it was ordered to shut one of the world's biggest copper mines, which debt rating agency Fitch has warned could hurt the company's borrowing capacity.

Reuters 3 months ago

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Freeport agrees with Jiangxi Copper to 2024 copper concentrate treatment charges at $80/T -source

Miner Freeport-McMoRan reached agreement on Friday with Chinese smelter Jiangxi Copper for 2024 copper concentrate treatment and refining charges at $80 a metric ton and 8 cents per pound, a source said.

Reuters 4 months ago

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UPDATE 5-Copper miners, Chinese smelters agree first drop in fees in 3 yrs

Global miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges (TC/RCs) for 2024, the first drop in three years, sources familiar with the matter said. Miner Antofagasta agreed with Chinese smelters, including China's biggest smelters, for January-December 2024 treatment and refining charges (TC/RCs) at $80 a metric ton and 8 cents per pound, four sources said. Freeport-McMoRan also reached a deal with top Chinese smelter Jiangxi Copper at the same level for full calendar year in 2024, said Javier Targhetta, senior vice president for marketing and sales at Freeport.

Reuters 4 months ago

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Top Chinese smelters seek higher fees than agreed by Jinchuan to process copper

China's top copper producers are looking for higher fees from Freeport for processing the U.S. miner's concentrates next year, above those agreed between Antofagasta and Jinchuan Group, four sources with direct knowledge of the matter told Reuters. The fees known as treatment and refining charges (TC/RCs) form a key component of copper smelters' income for converting copper concentrate into metal, which typically fall and squeeze smelters' profit margins when concentrate supply is tight. Chilean miner Antofagasta agreed last Friday TC/RCs of $80 a metric ton/8 cents per lb for part of its 2024 copper concentrates supply to Jinchuan Group, China's fourth largest copper producer.

Reuters 5 months ago

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Performance Overview

Return	0358.HK	SSE Composite Index
YTD	+48.73%	+3.82%
1-Year	+23.16%	-5.40%
3-Year	+0.60%	-11.10%

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Jiangxi Copper Company Limited (0358.HK)

China Copper Smelters Move Closer to Possible 10% Production Cut

Exclusive-First Quantum execs discuss investment, disputed copper with Chinese officials

Chinese money still chasing Canadian critical mining deals despite Ottawa's scrutiny

First Quantum gets financial boost from Chinese company after Panama production pause

First Quantum in talks with Jiangxi Copper on sale of stake in Zambian mines-source

Freeport agrees with Jiangxi Copper to 2024 copper concentrate treatment charges at $80/T -source

UPDATE 5-Copper miners, Chinese smelters agree first drop in fees in 3 yrs

Top Chinese smelters seek higher fees than agreed by Jinchuan to process copper

Performance Overview