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China's Zijin Mining eyes to become the world's top 10 lithium producer in 2025

Kitco Media
By Vladimir Basov
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(Kitco News) - China's Zijin Mining today announced that the company plans to become one of the world's top 10 lithium producers by achieving lithium production of 120,000 tonnes of lithium carbonate in 2025 (2022: zero tonnes).

The company also said it targets 2025 mine-copper production of 1,170 thousand tonnes (2022: 860 thousand tonnes) and mine-gold production of 90 tonnes (2022: 56 tonnes), which will place the company among the world's largest producers of copper and gold.

"The company shall rank among the leading global mining companies in terms of resources and reserves controlled, production volume and sales revenue of major products, asset size, profit and other comprehensive indicators," Zijin added.

Zijin Mining is a large multinational mining group engaged in the global exploration and development of copper, gold, zinc and lithium, as well as engineering and technological research. Zijin has mining projects in 15 provincial-level regions in China and 13 other countries across the globe.

The company's main overseas assets include the Cukaru Peki copper and gold mine and the Bor copper mine in Serbia, the Kamoa-Kakula copper mine and the Kolwezi copper mine in the DRC, as well as the Buriticá gold mine in Colombia.

Chinese mining giant Zijin expects 27.61% net profit growth in 2022 as copper production jumps 47%
Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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