CITIC Metal Co., Ltd.

Overview

CITIC Metal Co., Ltd. is a Chinese state-owned enterprise specializing in metal trading and investment. Established in 1988, it is a key subsidiary of CITIC Group's advanced materials segment. The company is a leading trader of metals and mineral products, as well as a mining investment company in China. Its trade portfolio primarily includes non-ferrous metals such as niobium, copper, and aluminum, as well as ferrous metals like iron ore and steel products. Additionally, CITIC Metal has investments in high-quality assets, including Western Superconducting Technologies Co., Ltd. and China Platinum Corporation Co., Ltd. Internationally, it holds stakes in Las Bambas in Peru (copper) and Companhia Brasileira de Metalurgia e Mineração (CBMM) in Brazil (niobium). In 2024, CITIC Metal recorded a revenue of RMB 130.19 billion, representing a year-on-year growth of 4.15%. Net profit attributable to shareholders of the listed company reached RMB 2.238 billion, marking a year-on-year increase of 8.79%. The company's investment strategy focuses on strengthening and enhancing its commodity trading and mining investment portfolio. CITIC Metal is committed to technological innovation to empower business growth and drive the company toward higher levels of high-quality development. It specializes in trading a wide range of products, including non-ferrous metals such as niobium, copper, and aluminum, as well as ferrous metals including iron ore and steel. The company's investment portfolio includes Brazilian niobium mining company Companhia Brasileira de Metalurgia e Mineração (CBMM), copper, zinc, and platinum mining company Ivanhoe Mines Ltd, Las Bambas Copper Mine in Peru, Western Superconducting Technologies, and China Platinum Company. CITIC Metal is dedicated to enhancing its technological innovation system, deepening its understanding of new quality productivity, and increasing its investment in research and development. Keeping pace with sustainable development trends, the company researches low-carbon recycled automotive parts, high-strength steel for vehicles, as well as advanced batteries and nanocrystalline magnetic materials for new energy vehicles. In partnership with the laboratory of Songshan Lake Materials and Brazilian niobium mining company CBMM, CITIC Metal established a 'Joint Laboratory for Advanced Niobium-based Battery Materials' focusing on the research and development of niobium applications in new energy batteries. The company continued to research niobium-containing materials for carbon reduction while expanding the trade of green low-carbon commodities, including recycled copper and nickel. Over the past year, CITIC Metal published 29 invention patents, obtained four intellectual property rights, one utility model patent, two software copyrights, and participated in the formulation and revision of six standards.

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