Jinchuan eyes nonferrous peak via M&A

Gansu's metal producer, owner of 10 mines abroad, seeks to strengthen overseas play

Jinchuan Group Co Ltd, a prominent nonferrous metal producer based in Northwest China's Gansu province, has been stepping up efforts in recent years to acquire overseas peers so as to meet surging demand in the global market.

By 2020, it plans to raise its annual production of nonferrous metals and new materials to 2 million metric tons, and that of chemical products to nearly 5 million tons, helping its output value to surpass 110 billion yuan ($15.6 billion).