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Shandong: Encouraging enterprises to sign long-term copper concentrate purchase agreements with mining companies in Chile, Peru, and other countries
The Department of Industry and Information Technology of Shandong Province and several other departments jointly issued the "Work Plan for Stabilizing Growth in Shandong's Non-Ferrous Metals Industry," which states that the province will support enterprises in signing long-term copper concentrate procurement agreements with mining companies in countries such as Chile and Peru, as well as establishing overseas bauxite mining bases or signing long-term procurement agreements with countries such as Guinea and Australia, to build stable overseas supply chains and ensure a steady supply of copper concentrate raw materials. The plan encourages and supports enterprises with international competitiveness and operational experience to actively acquire high-quality strategic mineral resources, such as copper and aluminum, on a global scale through market-oriented approaches. It prioritizes promoting cooperation in mineral exploration and development in resource-rich regions, including along the "Belt and Road" route and in Africa, to enhance the security of the province’s industrial and supply chains.
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