China's Zijin Mining in talks to buy controlling stake in Zangge Mining
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2025
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Should l Buy ?
Source: Reuters
Zijin Mining's Acquisition Talks: Zijin Mining is negotiating with Zangge Mining's major shareholders to acquire a controlling stake, which would enhance its ownership of the Julong copper project in Tibet.
Expansion and Future Plans: The potential acquisition aligns with Zijin's strategy to capitalize on the increasing demand for battery metals, as it prepares to launch production at its lithium exploration project in the Democratic Republic of Congo next year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
