Industry Revenues:

• Copper production: approx. 70%
• Cobalt production: approx. 20%
• Other metals and services: approx. 10%

TOP 3 Markets:

1. China: approx. 50%
2. Africa (especially Zambia and Democratic Republic of the Congo): approx. 30%
3. Europe: approx. 15%

China Nonferrous Mining Corporation Limited generates the majority of its revenues from copper production, attributed to the strong demand for copper in the electronics and construction industries. Cobalt is also a significant revenue driver, particularly due to its use in batteries for electric vehicles.

China remains the largest market, as domestic demand for metals for infrastructure projects and electronics production is high. Africa, especially Zambia and the Democratic Republic of the Congo, are significant markets due to mining activities in the region. Europe follows, driven by the demand for metals in the automotive and mechanical engineering industries.

Production Sites:

• Zambia
• Democratic Republic of the Congo

China Nonferrous Mining Corporation Limited (CNMC) operates its production facilities mainly in Zambia and the Democratic Republic of the Congo. These regions are known for their rich copper deposits, which enable CNMC to conduct its mining and production activities efficiently. The company focuses on the extraction and processing of copper, one of the most important raw materials for the global industry.

Growth Strategy:

1. Diversification of the raw material base: China Nonferrous Mining Corporation Limited (CNMC) plans to diversify its raw material base, not only focusing on copper but also on other metals such as cobalt and nickel. These metals are crucial for battery production and therefore for electromobility.

2. Expansion of production capacities: The company is investing in expanding existing mines and acquiring new mines, especially in Africa, to increase production capacities and benefit from rising raw material prices.

3. Sustainability and technological innovation: CNMC is increasingly focusing on sustainable practices and technological innovations to increase efficiency and minimize environmental impacts. This includes investments in modern mining technologies and improving energy efficiency.

Through these strategies, CNMC aims to strengthen its market position and benefit from global trends in electromobility and the demand for sustainable raw materials.

Main raw materials: Copper, Cobalt

Main importing countries: Democratic Republic of Congo, Zambia

China Nonferrous Mining Corporation Limited (CNMC) is heavily involved in the extraction and processing of copper and cobalt. These raw materials are mainly imported from the Democratic Republic of Congo and Zambia, where CNMC operates significant mining projects. These countries are known for their rich copper and cobalt deposits, which are crucial for the production of electronics and batteries.

The strategic location of the mines in these African countries enables CNMC to efficiently extract and transport the raw materials to meet the demand in the Chinese and international markets.

Market share in the copper sector: 8% (estimated, 2025)
Gross margin: 22% (2024)
R&D expenditure growth: 10% (2024)

China Nonferrous Mining Corporation Limited (CNMC) has a significant competitive advantage in the copper production sector, especially through its strategic investments in Africa, which is rich in resources. The estimated market share of 8% in the global copper sector highlights the company's strong position.

The gross margin of 22% indicates that CNMC is able to produce efficiently while offering competitive prices. This is an important indicator of cost efficiency and the ability to mitigate economic fluctuations.

The growth of research and development expenditures by 10% last year suggests that the company is actively investing in innovations to improve its production methods and integrate new technologies. These investments strengthen the long-term competitiveness and enable CNMC to adapt to market changes.

Institutional Investor Share: Estimated at about 45% (2025)

Insider Purchases/Sales: No significant transactions in the last year (2024)

The institutional investor share in China Nonferrous Mining Corporation Limited is approximately 45%, indicating a strong interest from institutional investors. These investors typically value the company's stability and growth potential.

In 2024, there were no significant insider purchases or sales, suggesting that the management and other insiders do not currently expect drastic changes in the company's value. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of China Nonferrous Mining Corporation Limited: Estimated 4% (2025)

Top competitors and their market shares:

1. China Molybdenum Co., Ltd.: 10%
2. Jiangxi Copper Corporation Limited: 8%
3. Zijin Mining Group Co., Ltd.: 7%
4. MMG Limited: 6%
5. Aluminum Corporation of China Limited (Chinalco): 5%
6. China Nonferrous Mining Corporation Limited: 4%
7. Yunnan Tin Company Limited: 3%
8. Tongling Nonferrous Metals Group Co., Ltd.: 3%
9. Shandong Gold Mining Co., Ltd.: 2%
10. Anglo American plc: 2%

China Nonferrous Mining Corporation Limited has a moderate market share of approximately 4% compared to its competitors. The largest competitor, China Molybdenum Co., Ltd., holds a significantly higher market share of 10%.

The moat of China Nonferrous Mining Corporation Limited is less pronounced compared to the industry leaders. While the company has a solid infrastructure and access to raw material reserves, some competitors like China Molybdenum and Jiangxi Copper have a more distinct competitive advantage through larger economies of scale, diversified product portfolios, and stronger international presence.

A significant advantage for China Nonferrous could lie in specialized technologies or strategic partnerships, however, competition in the industry is intense, and many of the larger players also have strong positions and resources to defend and expand their market shares.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Market Share in the Sector: 12% (2024)

China Nonferrous Mining Corporation Limited recorded solid revenue growth of 8.5% and profit growth of 10.2% in 2024. These growth rates indicate a healthy financial development supported by strong demand for non-ferrous metals and efficient cost control.

The company holds a 12% market share in the non-ferrous metals sector, indicating a strong market position. This position enables the company to benefit from rising commodity prices and growing demand in emerging markets.

Additionally, China Nonferrous Mining is investing in new technologies and sustainable practices to increase production efficiency and meet environmental regulations. These strategic investments could lead to further improvement in competitiveness and profitability in the long term.

Overall, the company exhibits positive fundamental data and strategic initiatives that make it appear as a potentially attractive investment. However, investors should also consider macroeconomic factors and geopolitical risks that could impact the commodity sector.

Dividend Yield: 4.5% (2024, estimated)

China Nonferrous Mining Corporation Limited has regularly paid out dividends in the past. The company's dividend policy aims to return a portion of profits to shareholders, which is reflected in a stable dividend yield of approximately 4.5% in 2024.

The reliability of dividend payments depends on several factors, including commodity prices, especially copper, and the general economic situation in China and globally. However, in recent years, the company has demonstrated solid financial performance, indicating a certain stability in its dividend policy. Analysts believe that the company will also be able to pay dividends in the future, provided that no significant economic or industry-specific disruptions occur.