The Jinchuan Group, established in 1959 and with its headquarters in Jinchang, Gansu province, is a super-large integrated enterprise controlled by the People's Government of Gansu Province, engaging in mineral mining and selection, metallurgy, chemical processing, and deep processing. The company mainly produces the precious metals of nickel, copper, cobalt, gold, silver and platinum group metals, advanced non-ferrous metal materials and chemical products which are widely used in various fields of modern industry and the national economy such as construction, machinery, petrochemicals, new energy, battery manufacturing and biomedical applications.
In the 1960s, Jinchuan pioneers worked hard to establish China's first nickel-cobalt-platinum group metal production line, ending nickel and cobalt shortages in China. After China's reform and opening up, the company organized for national scientific and technological workers to carry out joint scientific research on the comprehensive utilization of Jinchuan resources. Jinchuan was designated as one of the three major bases for the comprehensive utilization of mineral resources in the country, embarking on the path of technological development. In the 21st century, Jinchuan has rapidly increased its comprehensive strength by utilizing the "two markets" (the domestic and overseas markets) and developing the "two types of resources" (natural and societal resources). Since 2018, Jinchuan has fully implemented the new development concept along with the requirements of cultivating world-class enterprises with global competitiveness as outlined in the 19th National Congress of the Communist Party of China, accelerated high-quality development, and entered a new era of building a world-class enterprise. Currently, the group ranks third in the world in nickel production, fifth in cobalt production, first in Asia in platinum group metal production, and fourth domestically in copper production. This year, the group ranks 300th in the Fortune Global 500 and 78th in the Top 500 Chinese Enterprises.
Jinchuan Group conducts non-ferrous metal mineral resource development and industrial, technological and supply chain cooperation in more than 30 countries around the world and 20 provinces in China, forming six major sectors - nickel-cobalt, copper-precious metals, technology, new materials, new energy, and innovation - establishing complete industrial chains in resource development, metallurgy, new materials, new energy, and chemical industry. It has a national key laboratory for the development and comprehensive utilization of nickel-cobalt associated resources and a national nickel-cobalt new materials engineering technology research center, as well as Gansu's first academician expert workstation. In 1989, the "Jinchuan Comprehensive Utilization of Resources" project won the National Science and Technology Progress Special Award; in 2012, the project "Key Technologies and Applications for Efficient Utilization of Complex and Difficult-to-Treat Nickel-Cobalt Resources" won the National Science and Technology Progress First Prize; in 2024, two technological innovations, "New Generation of Green and Efficient Refining of Rare Precious Metals Technology and Application" and "Multi-dimensional Precise Control Innovative Technology and Application for Efficient Flotation Separation of Metal Oxide Minerals," won the National Science and Technology Progress Second Prize.
Entering the new era, Jinchuan takes the mission of ensuring the security of strategic mineral resources and the supply chain of nickel, cobalt and precious metals for the country seriously. It focuses on key mineral resource exploration and the development and strategic deployment of new industrialization, scientifically plans for technological innovation and industrial innovation, strives to cultivate and develop new quality productive forces, continuously enhances core functions, improves core competitiveness, and aims to achieve an annual revenue exceeding one trillion yuan by 2030. These efforts will significantly enhance its profitability, strengthen its innovation capabilities, improve its product services and value creation capabilities, and complete the comprehensive transformation of modern enterprise governance systems, which will enable Jinchuan to achieve a high level of asset securitization, possess strong international operational capabilities and become a world-class enterprise with global competitiveness.
