Jiangxi Copper Forecasts Processed Nonferrous Metal Sales to Reach \$47.06 Billion in Five Years

Jiangxi Copper Company Limited, a prominent copper producer, has forecasted that its sales from processed nonferrous metals will reach \$47.06 billion over the next five years. Founded in 1997 and headquartered in Nanchang, China, the company is involved in the exploration, mining, milling, smelting, and refining of copper and related products across Mainland China, Hong Kong, and international markets. As of December 2022, Jiangxi Copper employs approximately 25,051 people.

In 2023, Jiangxi Copper's revenues from processed nonferrous metals reached \$39.63 billion, accounting for 50.32% of the company’s total revenues. The company held a 2.64% share of the global processed nonferrous metal market, which was valued at \$1.5 trillion in 2023. This growth comes as the company stabilizes output after a period of heightened demand driven by the COVID-19 pandemic in 2020.

Looking ahead, Jiangxi Copper anticipates a compound annual growth rate (CAGR) of 4.93% in processed nonferrous metal sales through 2024, with revenues expected to grow from \$39.63 billion to \$41.59 billion. Over the next five years, the company projects an additional revenue gain of \$7.44 billion, leading to total sales of \$47.06 billion by 2028, according to estimates from TBRC.

Jiangxi Copper also sees significant growth opportunities in emerging markets. The company has identified countries such as Argentina, Nigeria, Turkey, Iran, Egypt, and Vietnam as key growth regions in the coming years. These markets, along with broader regions like South America, the Middle East, Africa, and Asia Pacific, are expected to provide robust opportunities for expansion.

Jiangxi Copper offers a diverse range of products, including copper cathode, gold, silver, sulphuric acid, copper rods, copper tubes, copper foil, selenium, tellurium, rhenium, and bismuth. The company is also engaged in the sale of copper and precious metals, the production of non-ferrous and rare metals, and the processing of various copper hardware products. In addition, Jiangxi Copper is involved in the collection and sale of scrap metals, as well as the production of electrolytic copper foil, spiral tubes, and other copper products.

The processed nonferrous metal market is highly fragmented, with numerous global players holding varying market shares. In 2023, the global market for processed nonferrous metals was worth \$1.5 trillion, representing 19.17% of the overall metal and mineral market. Major competitors include Freeport-McMoRan Inc., which holds a 1.29% market share, along with ENEOS Holdings (0.99%), Toyota Tsusho (0.83%), Mitsubishi Materials Corporation (0.67%), Sumitomo Metal Mining (0.61%), Hindalco Industries (0.41%), and Thyssenkrupp AG (0.27%).

Jiangxi Copper's ability to navigate this fragmented market, coupled with its expansion into emerging regions, positions it well for future growth in the processed nonferrous metal sector.