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Jiangxi Copper Corporation Limited

Jiangxi Copper

Jiangxi Copper Corporation Limited is the largest integrated copper producer and industry leader in China, headquartered in Nanchang, Jiangxi Province. The company operates a complete industrial chain spanning mining, copper smelting, comprehensive recovery of precious metals, and copper processing, with its Guixi Smelter being the world's largest single-site copper smelter. Reporting revenue of approximately 500 billion RMB and a cathode copper output of 1.68 million tonnes in FY2025, Jiangxi Copper, as a top-10 global copper enterprise and a core pillar for China's copper resource security, leverages its undisputed absolute leadership in the Chinese copper market, its abundant resource reserves both domestically and internationally, and the significant scale and cost advantages derived from its integrated operations.

Strengths: Jiangxi Copper's core strengths are its solid market position and pricing influence as the absolute leader in the Chinese copper market; the powerful economies of scale, cost control capabilities, and supply chain security enabled by its integrated "mine-to-processed-products" value chain and resource portfolio; and the strategic national support it receives as an industry champion.

Weaknesses: The company's primary earnings and cash flows are highly exposed to cyclical volatility in international copper and associated precious metal prices. Its smelting operations face continuous pressure from rising upgrade and transformation costs due to increasingly stringent domestic environmental standards. Furthermore, despite overseas investments, the long-term bottleneck of insufficient domestic copper resource self-sufficiency persists.

Business Nature

Jiangxi Copper Company Limited is China's largest copper producer and operator of the world's single largest copper smelting complex, employing a fully integrated mine-to-metal production model. The company controls five wholly-owned operating mines—including the massive Dexing copper mine—feeding its flagship Guixi Smelter, which produces over 2 million tonnes of cathode copper annually. All smelting, electrolytic refining, and precious metal recovery is conducted in-house, with sulfuric acid by-product generation providing a critical margin hedge against copper concentrate TC/RC volatility. The company's products are LME and LBMA certified, serving as global benchmark deliverable grades.

Core Business Areas

Revenue Composition by Core Business: | Business Segment | Revenue Share | Sales Amount | Market Position in China | |-----------------|---------------|---------------|-------------------------| | Cathode Copper | 60% | CNY 3,130 billion | Absolute market leader | | Copper Processed Materials | 20% | CNY 1,044 billion | Important leader | | By-product Business | 15% | CNY 783 billion | Significant participant | | Other Business | 5% | CNY 261 billion | Supplementary operations | Major Product Output 2023: | Product | 2023 Output | China Market Share | YoY Growth | |---------|-------------|-------------------|------------| | Cathode Copper | 1.7 million tons | ~15% | +5% | | Gold | 80 tons | Significant share | +3% | | Silver | 1,000 tons | Significant share | +4% | | Sulfuric Acid | 5 million tons | Significant share | +6% | Financial Performance Analysis 2023: | Financial Metric | 2023 Data | YoY Growth | |-----------------|----------|------------| | Revenue | CNY 5,218 billion | +8.5% | | Net Profit | CNY 65 billion | +10.2% | | Total Assets | CN

Industry Rankings

1Top 10 Primary Metal Ingots & Bars Manufacturers & Suppliers

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3Top 10 Primary Metal Ingots & Bars Companies

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4Top 10 Metal Smelting & Processing Manufacturers & Suppliers

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4Top 10 Metallic Ore Raw Materials Companies

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6Top 10 Metal Smelting & Processing Companies

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Corporate Report

Jiangxi Copper Corporation Limited is China's largest copper producer and a globally significant non-ferrous metals enterprise. Listed on both the Shanghai Stock Exchange (SSE: 600362) and the Hong Kong Stock Exchange (HKEX: 0358), the company operates a full-value-chain model spanning mining, smelting, and processing, employing approximately 30,000 personnel with total assets exceeding 200 billion RMB.

Core Business

Jiangxi Copper's business centers on copper metallurgical operations, anchored by its position as China's largest cathode copper producer with an annual output of approximately 1.68 million metric tons. The company's core product lineup encompasses cathode copper as the primary revenue driver, supplemented by deep-processed copper products such as copper rods and wire. Alongside its copper operations, Jiangxi Copper maintains a robust precious metals division, recovering gold and silver as by-products from its smelting processes, contributing approximately 20% to total revenue. The company also operates a circular economy segment focused on recycled copper through waste copper resource utilization, strengthening its position across multiple metal categories.

The company operates 5+ smelting facilities with a combined cathode copper capacity exceeding 1.5 million metric tons per year, anchored by the Guixi Smelter — the world's largest single-site copper smelting facility with a capacity of 1.0 million tons annually. Its downstream processing network encompasses 20+ processing plants nationwide, delivering copper processing materials at scale. With fiscal year 2025 revenue projected at approximately 500 billion RMB and net profit approaching 60 billion RMB, Jiangxi Copper stands among the world's top ten copper enterprises by revenue.

Global Presence

Jiangxi Copper maintains a global operational footprint spanning 10+ countries, with domestic production serving as the primary revenue base at approximately 85% of total sales. The company operates 10+ mining assets distributed across Jiangxi, Yunnan, and Inner Mongolia provinces, along with overseas resource bases in 5+ countries including Peru and Afghanistan, collectively supplying roughly 15% of revenue through international sourcing. The Guixi Smelter in Jiangxi serves as the flagship production hub, while multi-province domestic facilities and overseas sites collectively underpin a vertically integrated supply chain. Approximately 30,000 employees support these global operations across mining, smelting, and processing activities.

Key Strengths

Jiangxi Copper's competitive advantage stems from its full-industry-chain integration — from mining and ore processing through smelting to copper deep processing — delivering significant economies of scale and superior cost efficiency. The company's rich domestic and international resource reserves ensure meaningful self-sufficiency, while its position as the undisputed market leader in China's copper industry provides pricing leverage and operational resilience. Sustainability initiatives are accelerating through carbon reduction pathways, clean energy adoption, and green mining practices, positioning the company for long-term ESG alignment.

VerityRank Score

VerityRank Score of 92/100 reflecting comprehensive evaluation of global market influence, production capacity, technological innovation, and sustainability performance.

VerityRank Score

92/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Guixi, Jiangxi, China

Founded

1979

Employees

26,369

Factories

Flagship Guixi Smelter — world's largest single-site copper operation — plus 5 wholly-owned operating mines and additional processing facilities

Listing

HKEX: HK

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: SSE : 600362 , Jiangxi Copper Official Website | Wikipedia | Hong Kong Stock Exchange | Reuters

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