CHARTS: Chinese investment in overseas copper projects just beginning


Source: phuketimes.com phuketimes.com

Key Topics in this News Article:

News Snapshot:

Imported concentrate, including from roughly 30 Chinese-owned mines in Africa and elsewhere, now supplies 40% of the country’s needs, a share that has more than doubled over the past decade as imports set fresh records every year . Tanked up on Tenge Over and above direct foreign investment in mining projects around the world China, has splashed more than $16 billion on buying overseas copper companies and assets since 2010. Glencore’s disposal, under some duress , of Las Bambas in Peru to a Chinese consortium, China Moly’s 2016 acquisition of the Tenke Fungurume mine from Freeport for $2.65 billion and...