China’s Mining Economy Has Turned Sharply in 2026
Revenue and profits have returned to growth while investment remains positive, although performance varies significantly across segments
Revenue and profits have returned to growth while investment remains positive, although performance varies significantly across segments
ANDAMAN PARTNERS will attend the China Mining Conference and Exhibition in Tianjin, China, on 10-12 September 2026
China is the only economy with scale across every major equipment category, making it central to global mining supply chains
The U.S. is growing mine output, but no producer yet challenges China’s export and refining leverage.
Global lithium output is expanding in Australia and Chile, but China dominates processing and battery exports, capturing most of the downstream value.
Global copper consumption continues to climb, and mine production expands slowly, while refining and demand remain heavily concentrated in China.
Upstream mineral supply is globally distributed, but China remains the dominant actor in the midstream and downstream battery ecosystem.
ANDAMAN PARTNERS reviews the complex, comprehensive and consequential role China plays in global resources.
Rapid growth, astute deal-making and a widening footprint across strategic metals have transformed Zijin into a diversified, global mining firm.
Chinese mining M&A surged in 2019-2025, as China locked in supply-critical metals across Africa and Latin America.