Milestones
2023: In April 2023, CITIC Metal Co., Ltd., as one of the first batch of listed companies under the main board registration system, officially debuted on the A-share market and listed on the Shanghai Stock Exchange.
2018-2019: CITIC Metal Co., Ltd. completed corporate reform and become a shareholding company.After two subscriptions to Canadian listed company Ivanhoe Mining, the company holds a 26% stake , and became its single largest shareholder; it also established CITIC Commodities PTE. Ltd. in Singapore for shipping and cross-border trade of commodities including manganese and chromium.
2014: Partnered with MMG Limited and CNIC Corporation Limited in July to acquire 100% equity stake of Las Bambas copper mine where CITIC Metal took a 15% equity stake.
2010: Recorded annual trading revenue of over RMB10 billion, a milestone in Company history CITIC Metal (HK) Ltd. was established in Hong Kong as the Company’s first overseas platform for intermediary trade.
2002: CITIC Metal Company signed an exclusive distribution agreement with CBMM to promote niobium technology, applications and sales in China market to date.
1990: China Kanghua Metal Development Limited was merged into CITIC Group and renamed as CITIC Metal Development Limited and later CITIC Metal Company.
2021: The Company achieved operating revenue of over RMB100 billion, a new milestone in Com- pany history; one of our portfolio companies Ivanhoe Mines Ltd.’s KK Copper Mine in the Democratic Republic of Congo was put into production ahead of schedule, increasing supply of overseas copper resources to the China market.
2016: CITIC Metal Group Limited was registered in Hong Kong by consolidating CITIC Metal Co., Ltd. and CITIC United Asia Investments Limited.
2011: CITIC Metal led a consortium comprising Baosteel Group, Ansteel Group, Shougang Group, and Taiyuan Iron & Steel (Group) Co., Ltd. (TISCO) that acquired 15% shares of CBMM, the world’s largest niobium producer, with a 5% equity stake owned by CITIC Metal.
2009: CITIC Metal Company was renamed CITIC Metal Co., Ltd.; CITIC Metal (Ningbo) Co., Ltd. was set up in Ningbo as its trading arm for import business.
1999: CITIC Metal Company was restructured and consolidated with the Beijing Office of CITISTEEL USA Inc., whose niobium business was integrated into CITIC Metal Company.
1988:January 1988，China Kanghua Metal Development Limited, the predecessor of CITIC Metal, was established in Beijing.
