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First Quantum Minerals (TSX: FM) is a Vancouver-headquartered, copper-focused mining company operating across the Americas, Africa, Europe and Australia.
Group exposure score is 61 including 2 tracked subsidiary — standalone is 70.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
FQM's Q1 2025 results release: 'the Company supplemented the sale of copper to Jiangxi Copper Company in return for an additional $500 million prepayment...for the delivery of an additional 50,000 tonnes of Zambian copper anode per annum payable at market prices over the three year period' — stacking on the original Feb-2024 three-year prepay for 50,000 t/yr of Kansanshi (Zambia) copper anode, for 100,000 t/yr combined. related_party: true because Jiangxi Copper holds ~18.5% of FQM and has a board nomination right; the anode sale is a separate commercial agreement, not the equity stake itself.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Another tracked dossier names this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 986 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
FQM's Q1 2025 results release: 'the Company supplemented the sale of copper to Jiangxi Copper Company in return for an additional $500 million prepayment...for the delivery of an additional 50,000 tonnes of Zambian copper anode per annum payable at market prices over the three year period' — stacking on the original Feb-2024 three-year prepay for 50,000 t/yr of Kansanshi (Zambia) copper anode, for 100,000 t/yr combined. Distinct from JCC's ~18.5% equity stake in FQM already noted in this dossier's production_footprint.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 3 of its 3 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is coverage-limited.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇿🇲 ZM accounts for 79% of severity-weighted pressure.