Baiyin Nonferrous Metals Group Co., Ltd., registered in Baiyin City, Gansu Province, formerly known as Baiyin Nonferrous Metals Company, was one of the key construction projects during the First Five-Year Plan period 156, and was known as the "eldest son" of China Nonferrous Metals Industry, which made important contributions to the non-ferrous metals industry in new China and local economic and social development.
Baiyin Nonferrous Metals Group Co., Ltd. was jointly established by Guoan Group, Gansu State-owned Assets Supervision and Administration Commission, Gansu State-owned Assets Corporation and CITIC Group in June 2008. Its shareholders include CITIC Group, Guoan Group, Gansu Provincial State-owned Assets Supervision and Administration Commission, Gansu Xinye State-owned Assets Company, Cinda Assets Company, Dongfang Assets Company, Huarong Assets Company, Great Wall Assets Company and Gansu Economic Cooperation Company.
With a registered capital of 7.405 billion yuan, the company has five metallic and nonmetallic mines 15 in China, with a production capacity of mining100,000 tons, copper, lead and zinc smelting 600,000 tons, gold 15 tons and silver 500 tons.
In terms of business, Baiyin Nonferrous Group covers the mining, mineral processing, smelting, processing, financial investment and trade of various nonferrous metals and precious metals such as copper, lead, zinc, gold and silver. Its product line is rich, including cathode copper, lead ingot, zinc ingot, copper, lead, zinc and precious metal products. It is worth mentioning that the company's Ibis brand zinc ingots and lead ingots are registered on the London Metal Exchange (LME), and the Ibis brand cathode copper and zinc ingots are also registered on the Shanghai Futures Exchange, further highlighting the company's position in the non-ferrous metal industry.