Major Chinese copper miner Jiangxi Copper Corp is exploring investment opportunities in Central Asia and Africa, the company's chairman was quoted as saying in media reports on Thursday.
It has been considering buyouts of mines and smelting plants in those regions, and the company's overseas expansion has been encouraged by the China-proposed Belt and Road initiative, Chairman Long Ziping told media in Beijing, domestic financial news site jiemian.com reported.
The copper price in China has been supported by a boom in new-energy vehicles and expansion of the electricity grid, but there is still room for a further increase, according to media reports. Many copper mines in China are operating at full capacity.
Source: www.chinamining.org Citation: Global Times
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