Manufacturer of copper, cobalt, lithium and nickel beneficiation equipment.
CMOC is mainly engaged in mining, beneficiation, and smelting of base metals and rare metals, mining and processing, and mineral trading. At present, the company’s main businesses are located in Asia, Africa, South America, Oceania, and Europe. It is the world’s leading producer of tungsten, cobalt, niobium, molybdenum and an important copper producer, as well as a leading producer of phosphate fertilizers in Brazil. The trading business ranks among the top three in the world. In the first half of the year, the company achieved operating income of 91.767 billion yuan, a year-on-year increase of 8.2%; net profit attributable to shareholders of listed companies was 4.148 billion yuan, a year-on-year increase of 72.21%, of which the second quarter single-quarter profit was 2.36 billion yuan; earnings per share were 0.193 Yuan, a year-on-year increase of 72.32%.
2022 is the construction year of CMOC. At present, the company’s two major projects, TFM mixed mine and KFM in Congo (DRC), are under construction, with a cumulative investment of more than 4.3 billion US dollars. By then, TFM will increase the annual output of copper by 200,000 tons and the annual output of cobalt by 17,000 tons. KFM will have an annual output of 90,000 tons of copper and 30,000 tons of cobalt.
Prospects of new energy-related non-ferrous metals
CMOC’s copper and cobalt output will more than double, and profitability will be further enhanced. “Although the prices of metals such as copper and cobalt have dropped from high points recently, CMOC is highly optimistic about the prospect of new energy metals. Sun Ruiwen said, “Coping with climate change has become a common action of all countries, and the global move towards the dual-carbon goal will be a major challenge for the new energy industry.” Energy metals bring continuous demand, including long-term demand for copper, cobalt, lithium, nickel, etc., which brings us new development opportunities. “