- Business
- Tongling Nonferrous Metals Group Co., Ltd. (000630.SZ) principally engages in the exploration, mining, smelting, and processing of copper and related nonferrous metals in China. The company produces copper cathodes, copper rods including low-oxygen variants, copper processing materials, copper flat wires, paper bag flat wires, enameled round and flat copper wires, transposed wires, brass bars, precision copper and copper alloy plates, anodic phosphor bronzes, electronic copper foils, cables; it also manufactures sulfuric acid, silver, gold and concentrates, sulfur concentrate, monosulfide, crude nickel sulfate, mineral products, iron powder and pellets, and converter slag iron products. Operations span the full copper industry chain, including trading and recycling services, with key subsidiaries such as Anhui Tongguan Copper Foil Group Co., Ltd. focusing on high-precision copper foils for PCBs, energy storage, and electronics; the company serves sectors like construction, automotive, power generation, and semiconductors primarily in China and select international markets. Founded in 1992 and headquartered in Tongling, Anhui Province, China, Tongling Nonferrous Metals Group maintains significant mining assets including the Mirador copper mine in Ecuador. Recent developments include the advancement of Phase II expansion at the Mirador copper mine to boost production capacity, progressing as planned in 2025 despite prior power challenges; the successful acquisition of exploration rights for the Jiguan Mountain-Hu Village copper-gold-molybdenum mine for RMB 3.2 billion in November 2025 to secure additional resources; ongoing Phase II ultra-thin electronic copper foil project by subsidiary Tongguan Copper Foil for high-precision energy storage applications; completion of a share repurchase program in 2024-2025 totaling over 41 million shares; and a proposed interim cash dividend for 2025 alongside projections for 26% growth in self-produced copper output.