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Jiangxi Copper Corporation (HKEX: 0358; SSE: 600362), headquartered in Nanchang, Jiangxi Province, China, is China's largest integrated copper producer — vertically integrated from ore mining (Dexing Copper Mine, one of China's largest open-pit copper mines) through smelting/refining (Guixi Smelter, one of the world's largest single-site copper smelters, >1 Mt/yr capacity) to fabricated copper products (cathode, rod, wire, foil).
Jiangxi Copper Group (the parent SOE already referenced in this dossier's related-party note) is the direct controlling shareholder, holding 44.79% as of 2025-04-09 (1.2050bn A-shares + 0.345bn H-shares) and increasing to 45.00% by an H-share purchase completed 2025-05 per an official SSE-disclosed announcement. Ultimate controller is the Jiangxi Provincial State-owned Assets Supervision and Administration Commission (Jiangxi SASAC), which holds 90% of Jiangxi Copper Group directly (remaining 10% held by Jiangxi Administrative Enterprise Assets Company, voting rights retained by SASAC). No GLEIF LEI record found for either Jiangxi Copper Corporation or Jiangxi Copper Group under standard English-name searches. No `parent_slug` set: Jiangxi Copper Group has no separate dossier in this corpus (it is not itself a scored company here — only the listed operating entity, 600362, is).
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 10 suppliers, 6 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Exchange-delivered physical copper — the exchange is the counterparty of record, not a single commercial end-buyer.
Singapore-domiciled metals trading house — one of two foreign-domiciled counterparties named in this filing (the other is TRAFIGURA PTE LTD, on the supplier side).
China's largest nickel producer and a major copper/cobalt producer in its own right — also tracked in this corpus as jinchuan-group-international. JCC's
Global commodities trading house — also tracked in this corpus as trafigura. JCC's
Trading arm of China Copper (中国铜业), the copper-business consolidation platform under Chinalco Group. The filing's same-controller merge rule explicitly excludes entities that share only a common state-owned-assets regulator, which is why this books as non-related-party despite both being centrally-SASAC-linked SOEs.
Also tracked in this corpus as tongling-nonferrous-metals — a peer Chinese copper smelter supplying feedstock/cathode into JCC rather than the reverse.
FY2025 annual report p.63 related-party table (关联交易, 购买商品/白银): RMB 4,122,965,846 = 21.09% of 占同类交易金额的比例. Filed under the controlling shareholder as 江铜集团. NOT in the top-5 supplier table (which states 0 related-party purchases) — see prose section 'H1-2026 update' for the unresolved gap.
H1-2026 semi-annual report p.33 (关联交易, 购买商品/白银): RMB 4,021,475,216 = 21.47% of 占同类交易金额的比例 (denominator not restated in the filing). Half-year figure vs full-year FY2025 comparator — the share is comparable, the RMB amounts are not (H1 alone is 97.5% of FY2025's full-year silver purchase from the group). Also sells cathode/rod/silver-concentrate back to JCC (H1: ¥634.7m cathode, ¥425.9m rod/wire, ¥83.1m silver concentrate).
UNQUANTIFIED AS ACTUAL FLOWS — these are annual CAPS in a non-exclusive 合作框架协议 (临2026-004, 2026-01-20; term 2026-01-01 to 2028-12-31), not disclosed transactions. Related because 兵工物资 holds 29.52% of subsidiary 江铜国际贸易有限公司 (HKEX 14A subsidiary-level connected person). Supply TO JCC (caps/yr): ex-China cathode US$600m, Guangdong cathode RMB2.5bn, blister RMB600m, ex-China electrolytic nickel US$50m. Sales BY JCC (caps/yr): cathode RMB5.8bn, rod RMB500m, aluminium RMB700m, nickel RMB1.5bn, zinc RMB700m, tin RMB30m, precious/PGM/rhenium/molybdenum RMB500m. Cross-dossier: parent group tracked as norinco.
UNQUANTIFIED AS A SHARE. Named in the H1-2026 report's other-receivables top-5 (p.120) as 尚未收回的预付货款 (goods prepayment not recovered), RMB 930,651,612, aged 3+ years, provision RMB 752,561,608 — a failed-supplier exposure, not a revenue/procurement share. Same entity is the defendant in the 江铜国际贸易 litigation (p.32; announcement 临2019-031): retrial-appeal judgment 2025-06-18 upheld ¥598.83m principal plus funding cost; execution filed 2025-07-04, enforcement against a guarantor's Shagang shares in progress as of 2026-06.
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. 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: 982 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. 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. 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 6 of its 6 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.
No actions in the register have named or swept this company in the last 24 months.