Jinchuan Group Co., Ltd. was established in 1959 with its headquarters located in Jinchang, Gansu province. It is a conglomerate controlled by the People's Government of Gansu Province that is mainly engaged in mining, ore dressing, smelting, chemical processing and deep processing. The company's main products include nickel, copper, cobalt, gold, silver, platinum group precious metals, advanced non-ferrous metal materials and chemical products. These products are widely used in various fields of the national economy and defense industry, including aerospace, nuclear power, the military industry, biomedical materials, new energy and battery manufacturing.
In the 1960s, Jinchuan pioneers endured hardships and established the first nickel-cobalt-platinum group metal production line in China, ending the history of nickel and cobalt shortages in the country. After China's reform and opening up, it organized national scientific and technological workers to carry out joint scientific and technological research on the comprehensive utilization of Jinchuan's resources. At the same time, Jinchuan was designated as one of the three major bases for the comprehensive utilization of mineral resources in the country, thus embarking on the path of technological development. In the 21st century, by utilizing "two markets" (the domestic and overseas markets) and developing "two kinds of resources" (natural and societal resources), Jinchuan's comprehensive strength grew rapidly. In recent years, Jinchuan has fully, accurately and comprehensively implemented the new development concept, accelerating high-quality development and entering a new era of building a world-class enterprise. In 2023, the group's nickel and cobalt production ranked fourth in the world, platinum group metal production ranked first in Asia, copper production ranked fourth domestically, and the group ranked 289th among the Fortune Global 500, 84th among the Top 500 Chinese Enterprises, 32nd among the Top 500 Chinese Manufacturing Enterprises and 4th in the Chinese non-ferrous industry.
Jinchuan Group is engaged in non-ferrous metal mineral resource development, industry, technology, and trade cooperation in 18 provinces (municipalities, autonomous regions) domestically and 35 countries overseas. It has formed six major sectors: Jinchuan nickel-cobalt, Jinchuan copper-precious metals, Jinchuan technology, Jinchuan new materials, Jinchuan new energy, and Jinchuan innovation, establishing complete industrial chains in resource development, metallurgy, new materials, new energy, and chemical industry. The company has a national key laboratory for the development and comprehensive utilization of nickel-cobalt associated resources and a national engineering technology research center for nickel-cobalt new materials, which are two national-level innovation platforms. In 1989, the "Jinchuan Comprehensive Utilization of Resources" project won the National Science and Technology Progress Special Award; in 2012, the "Key Technologies and Applications for Efficient Utilization of Complex and Difficult-to-Treat Nickel-Cobalt Resources" project won the National Science and Technology Progress First Prize. In 2011, the group was awarded the China Grand Awards for Industry.
In the journey of the new era, Jinchuan Group takes safeguarding the security of the supply chain for strategic mineral resources such as nickel, cobalt, and precious metals as its mission. It focuses on the exploration and development of key mineral resources and the strategic deployment of new industrialization. The company scientifically plans for technological and industrial innovation, strives to cultivate and develop new productive forces, continuously enhances its core functions, and improves its core competitiveness. The goal is to achieve rapid expansion of economic output, sustained improvement in profitability, significant enhancement of innovation capabilities, and reaching the average level of profitability and R&D investment of the Fortune Global 500 by 2026. Product services and value creation capabilities will significantly improve, with over 30 percent of products achieving upgrades and iterations. The comprehensive transformation of the modern enterprise governance system will be completed; asset securitization will reach a high level; international operational capabilities will significantly improve, making the company a world-class enterprise with global competitiveness.
