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The Chinese company Jinchuan Group, one of the leading copper producers in China, said it plans to increase copper and cobalt supplies from its enterprises in Africa in two to three years.
The African division of the Chinese company, registered in South Africa, controls two mines – Ruashi Mine in DR Congo and Chibuluma South in Zambia. Last year, they produced 42.5 thousand tons of copper and 4.6 thousand tons of cobalt.
According to the general manager of Jinchuan Gao Tianfeng, by 2020-2021. the combined capacity of these enterprises will increase to about 100 thousand tons of copper and 10 thousand tons of cobalt per year. According to him, the demand for these metals is expanding due to the expected increase in the production of electric vehicles.
Source: IIS “Metal Supply and Distribution”