Jinchuan Group at a Glance
Jinchuan Group’s Factory
Headquarters: Jinchang, Gansu Province, China
CEO: Gao Tianpeng
Founding Date: July 1958
Formally Established in: 1959
Industry: Mining and Metal
Number of Employees: 31,822 employees
Annual Revenue: Over 300 billion CNY (~USD 43 billion)
Focus Products: Nickel & Cobalt, Copper & Precious Metals, Chemical & Industrial Products.
Jinchuan Group Overview:
Jinchuan Group’s activities.
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- Founded in 1958, Jinchuan Group Co., Ltd. is a Chinese mining and metal company serving clients in over 30 countries.
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- Jinchuan Group products include nickel, cobalt, copper, and platinum‑group metals. They rank as the largest nickel producer in China and the third-largest producer globally, making them a major player in the copper and cobalt production.
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- Jinchuan Group is also one of the leaders in the Chinese market when it comes to Chrome Ore importers, Manganese Ore, and Copper Ore, which reflects their high position in the copper and cobalt categories.
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- Their products are heavily used in mining, mineral processing, smelting, and chemical production, and are essential in industries like construction, machinery, petrochemical, new energy, and battery manufacturing.
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- For the first half of 2024 alone, Jinchuan Group’s revenue was estimated to be 206.4 billion yuan, which translates to around $28.38 billion.
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- Jinchuan Group’s current leadership falls under Gao Tianpeng, who is the Executive Director and Chief Executive Officer, and Chen Yonghing, who holds the position of Executive Director and Chairman of the Board.
Jinchuan Group’s Mission Statement
Jinchuan Group’s mining operation.
Jinchuan Group’s mission is to be a top-tier international mining company in terms of copper, cobalt, nickel, and other non-ferrous metals. To do this, they strategise to leverage the brand, expertise, experience, and financial resources to operate sustainable, high-quality, and competitive mines around the world while also optimising their existing mines.
Key Milestones
China Daily reported that the company appeared in the Fortune Global 500 list, ranking 339th in 2022 and 85th in 2023 in the Fortune China list.
Who owns Jinchuan Group?
Jinchuan Group is majority-owned by the Gansu provincial government, operating as a provincial state‑owned enterprise under China’s governance structure.
It owns Jinchuan Group International Resources Co. Ltd., which is publicly listed, with about 60% ownership stake retained by the parent company.
Contact Information
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- Website: https://www.jinchuan-intl.com/en/index.aspx
- Phone: (852) 3919 7268
- Email: [email protected]
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Jinchuan Group Stock: What is the stock symbol for Jinchuan Group International? Can I buy shares of Jinchuan Group International on the US exchange?
Jinchuan Group International Resources Co. Ltd trades publicly in Hong Kong, with its stock under the ticker 02362.HK. The shares are exclusively sold in the stock exchange of Hong Kong and cannot be found in the US exchange.
Largest Nickel Producer in China
Nickel Production at Jinchuan Group
Jinchuan Group operates the world’s third‑largest nickel–copper sulphide deposit and is China’s largest nickel producer by capacity, with over 330,000 t per year of nickel‑containing products, including nearly 190,000 t of electrolytic nickel annually.
These volumes place Jinchuan among Asia’s leading producers of nickel and platinum‑group metals, reinforcing its dominant position in China’s non‑ferrous sector.
Core Products
Nickel
Jinchuan’s Nickel contribution to coin making – showcased at the Exposition on China Brand 2023.
Overview
Being the largest nickel producer in China, Jinchuan Group offers a variety of nickel products – some are used in the production of nickel-containing materials for batteries.
These products are also used in industries such as construction, machinery, and petrochemicals.
Nickel Products
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- Electrolytic nickel cathode
- Nickel cathode for electroplating
- Nickel chloride
- Nickel sulfate
- Pulverised nickel powder
- Spherical nickel hydroxide
- Nickel button for electroplating
- Electrolytic nickel powder
- High-purity nickel
Nickel Alloy Products
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- Pure nickel filament
- Nickel-based super alloy strip
- Pure nickel strip
- Hot rolled strip of precision nickel alloy
- Pure nickel slab
- Electro-thermal alloy filament
Copper
Copper strips from Jinchuan Group
Overview
Jinchuan Group ranks third in China in terms of copper production and is one of the top importing companies in China for copper ore.
Its vast copper components are often used in battery manufacturing, power transmission and distribution, railway and metro systems, electronic devices, and many more.
Some of their key international clients include Rio Tinto (UK-based mining and metals company), Norilsk Nickel (A Russian mining and smelting company), and many more across the globe.
Copper Products
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- Ultra-high purity copper
- High-purity copper cathode
- Copper sulfate
- Copper oxide powder
Copper Processing Products
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- High-precision electronic copper strip
- Copper alloy condenser tube
- Thick-walled copper-nickel alloy pipe and bar products
- Large or extra-large diameter copper-nickel alloy tube and copper tube
- Hard copper wire
- Copper drawing stock for electrical purposes
- Section copper strip for lead frame
Cobalt
Cobalt production at Jinchuan Group
Overview
Jinchuan Group’s cobalt is used in various industries such as battery manufacturing, aerospace, biomedicine, and the chemical industry.
It is a key component in rechargeable batteries and is used in electric vehicles and consumer electronics.
Cobalt Products
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- Cobalt cathode from electrowinning
- Tricobalt tetra-oxide
- Nickel-cobalt-manganese ternary precursor
- High-purity cobalt
Mining at Jinchuan Group
Overview
As China’s largest nickel and cobalt producer, Jinchuan Group has operations in over 30 countries. These operations also include mining for raw products.
Jinchuan Group’s Mining Activity
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- According to their website, Jinchuan International currently operates 3 mines in the Central African Copperbelt: the Ruashi copper and cobalt mine, the Kinsenda copper mine in the Democratic Republic of Congo, and the Chibuluma copper mine in Zambia.
- They also own the Musonoi project (construction project) and the Lubembe project (an exploration project) in the Democratic Republic of Congo – these projects serve as a reliable resource protection for future development.
Jinchuan Group’s Commitment to Sustainability and ESG Practices
Sustainability and ESG Practice at Jinchuan Group
The company formally integrates Safety, Health, Environment, and Community (SHEC) principles into all operations, with a goal of “Zero Harm” and continuous improvement in safety training and workplace conditions.
Jinchuan emphasizes responsible resource stewardship and ecological protection, embedding environmental impact mitigation into everyday management practices across its sites.
Their social media posts often feature the employees volunteering for community work, the company providing educational supplies to the community school near which they operate in or the company providing refreshments for their workers.
Jinchuan Group’s Operations in Africa
Jinchuan Group’s Mining operations in Africa.
Overview:
Jinchuan Group has a strong presence in Africa through its mining operations in the Democratic Republic of Congo and Zambia. From these operations, the company is able to play a key role in supplying critical minerals for global industries while also contributing to local economic growth and sustainable development.
Mining Operations in Africa
In 2012, Jinchuan Group acquired the South African mining company, Metorex Limited, which has operations in Zambia and the Democratic Republic of Congo. This allowed Jinchuan Group to expand its presence in Africa, while also finding a new source for copper and cobalt, especially after it fully integrated the company in 2023 into Jinchuan Group International Resources Co Ltd.
Impact on African Economies
Metorex employees are working at the mining site.
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- Infrastructure development: With Metorex Jinchuan Group was able to support local mining regions and create infrastructure that helped provide safe water and improve electricity access.
- Job creation and skills transfer: It has been estimated that over 1,500 direct jobs and 3,100 indirect roles were created by the company with its new joint venture, which helped increase employment in the local area. The company also provided training programs that help local workers gain technical skills.
Sustainability and Community Engagement in Africa
Metorex helping agricultural development in the DRC.
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- Educational and Health support: The mining projects that Metorex carries out in Lubumbashi, under Jinchuan Group, have donated over $1.46 million USD to support education for employees’ children, including school construction and covering tuition. The Ruashi project also donated medical supplies during COVID-19 in the local area.
- Environmental efforts: The company planted more than 2,000 trees near Ruashu and 500 fruit trees around Kinsenda to improve local environments and encourage greener communities.
Why should you choose Jinchuan Group as your supplier?
Employees working inside Jinchuan’s Factory.
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- They have industry expertise, having a presence since 1958, and have a strong leading position in the nickel and cobalt industry.
- Jinchuan Group is also committed to sustainable development and minimizing environmental impact, and engages with local communities.
- They also focus on technological innovation to increase efficiency and quality control.
Conclusion
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- Jinchuan Group is a cornerstone of China’s non‑ferrous metals industry, with robust capacity across nickel, cobalt, copper, platinum‑group metals, and chemical products.
- It operates as a state‑owned enterprise and publicly trades via its international subsidiary listed in Hong Kong.
- Its expertise and dominant position in the Chinese market for copper and cobalt show the company’s reliability, making the company an ideal business partner for those looking to source mining and metal products.
How CAMAL Group is Connecting Mining Businesses Globally and Facilitating Efficient Sourcing from China
The Surge in Global Metal Demand and the Strategic Role of China
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- The World Economic Forum reports that the renewable energy transition will require an increasing need for critical minerals and metals. The demand for electric vehicles and renewable energy is increasing, in turn boosting demand for nickel, cobalt, and copper, which would be used in the making of these renewable energy products.
- Chinese suppliers like Jinchuan Group have become increasingly competitive as they can use advantages such as economies of scale to be more cost effective, operate in large volumes and capacities, and invest significantly in quality and compliance – making China a centre source of these critical minerals and metals.
Case Studies: Proven Success in Mining Procurement
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- Camal Group displays its expertise through numerous successful case studies, particularly in connecting African mining companies with Chinese suppliers. Africa’s mineral wealth with China’s manufacturing and supply capabilities together creates efficiency and growth. This shows how a business can use these opportunities to benefit from CAMAL’s services to connect businesses with different suppliers.
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CAMAL’s Expertise
How CAMAL GROUP procurement is easy.
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- With experience and connections in the Chinese market, CAMAL can help your business source high-quality mining and metal products from China.
- CAMAL will deal with the translation from English to Chinese, research, quality checks, contract negotiation, shipping, and will do its best to meet any additional requirements of the client.
- CAMAL has a lot of successful business deals with businesses in the mining and metal industries. It is with this expertise that CAMAL can be a great form of contact if your business is planning on sourcing any mining material and metals from China.
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