Zijin Mining Starts Phase 2 Production at Julong, Set to Become China’s Largest Copper Mine
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An update from Zijin Mining Group Co ( (HK:2899) ) is now available.
Zijin Mining Group has completed construction and commenced production of Phase 2 of its Julong Copper Mine, expanding the site’s processing capacity from 150,000 to 350,000 tonnes of ore per day and significantly increasing expected annual output of copper, molybdenum and silver from 2026 onward. Once Phase 2 reaches full capacity, Julong’s annual ore processing will rise to 105 million tonnes, with mine-produced copper projected to increase to about 300,000–350,000 tonnes, cementing its status as the largest copper mine in China and a world-class, high-altitude operation; the company is also planning a Phase 3 expansion that could ultimately make Julong the largest copper mine globally by mining and processing scale, reinforcing Zijin’s growth trajectory and consolidating its leading position in the global copper sector alongside its other flagship international projects.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a major global mining company with a strong focus on copper, operating large-scale mining and processing projects in China and overseas, including key assets in Serbia and the Democratic Republic of the Congo, and is positioning itself as a leading player in the global copper industry.
Average Trading Volume: 57,367,458
Technical Sentiment Signal: Buy
Current Market Cap: HK$1096.6B
For detailed information about 2899 stock, go to TipRanks’ Stock Analysis page.
