China Daye Non-Ferrous Metals Mining

What China Daye Non-Ferrous Metals Mining does

China Daye Non-Ferrous Metals Mining Limited (HKEX: 661) is a Hong Kong-listed state-owned enterprise, the first from Hubei Province to list in Hong Kong, and the listed arm of a group ultimately controlled by China Nonferrous Metal Mining (Group) Co., Ltd. (CNMC) via Daye Nonferrous Metals Group Holdings. The company specializes in the exploration and development of non-ferrous mineral resources, principally copper, and is one of the five largest raw copper producers in mainland China, with more than 50 years of operating history. It owns five copper mines (four in Hubei Province, one in Xinjiang Uyghur Autonomous Region) and operates a smelting plant located within 90 km of the four Hubei mines, giving it an integrated mine-to-cathode footprint with the world's largest Ausmelt furnace, Finland-sourced anode slime casting equipment, German KKK fans, and a 95% water-recycling system aligned with national emission reduction policies.

The core product portfolio is cathode copper and sulfuric acid (the latter as a smelting by-product), with specialty additions including gold, silver, refined ammonium rhenate, and ingot tellurium processed at the rare and precious metals industrial park completed in 2013. In 2019 the company contributed RMB 1.3 billion to establish Yangxin Hongsheng Copper Industry Company Limited (52% owned), a joint venture that handles additional non-ferrous smelting and processing, gold and silver products, and trading. A 400,000-ton clean production project for high-purity copper cathode officially started in 2020, and the company has also expanded internationally via subsidiary Xinjiang Hui Xiang Yong Jin Mining Ltd. into Kyrgyzstan and Mongolia. FY2024 revenue was RMB 57,852,731 thousand (up from RMB 44,784,723 thousand in 2023), and the company sells predominantly B2B to industrial manufacturers (manufacturing, construction, electronics) and trading companies across Hubei, the Yangtze River Delta, the Pearl River Delta, Hunan, Xinjiang, and selected international markets, with commodity-market-driven pricing on copper cathode products.

Name

China Daye Non-Ferrous Metals Mining

Legal name

China Daye Non-Ferrous Metals Mining Limited

Website

https://hk661.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

China Daye Non-Ferrous Metals Mining Limited (HKEX: 661) is a Hong Kong-listed Chinese state-owned enterprise and one of the five largest raw copper producers in mainland China, operating five owned copper mines in Hubei and Xinjiang, integrated smelting facilities, and a joint venture producing cathode copper, sulfuric acid, and precious metals for industrial B2B customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Yau Tsim Mong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Copper Cathode Sales: Primary revenue stream from production and sale of copper cathodes. The company operates smelting facilities that process copper concentrates to produce high-purity copper cathodes and sulfuric acid.
2. Non-ferrous Metals Trading: Trading of non-ferrous metals including copper and related products through subsidiaries and joint ventures such as Yangxin Hongsheng Copper Industry Company Limited.
3. Gold and Silver Products Processing: Processing of gold and silver products as part of the joint venture operations.
4. Sulfuric Acid Production: By-product from copper smelting process, sold as industrial chemical.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

China Daye Non-Ferrous Metals Mining Limited is a Hong Kong-listed state-owned enterprise (stock code: 661.HK) that explores, mines, and smelts non-ferrous mineral resources. It owns five copper mines in Hubei Province and the Xinjiang Uyghur Autonomous Region and produces cathode copper, sulfuric acid, gold, silver, and specialty metals including refined ammonium rhenate and ingot tellurium for sale to industrial customers and trading firms. Smelting is supported by an Ausmelt furnace, advanced Finnish anode casting equipment, German KKK fans, and a 95% water-recycling system.

Product overview

China Daye Non-Ferrous Metals Mining is a state-owned mining and metallurgy enterprise (stock code: 661.HK) specializing in the exploration and development of non-ferrous mineral resources. The company operates as a single unified business with integrated operations spanning copper mine ownership (five copper mines in Hubei Province and Xinjiang Uyghur Autonomous Region), smelting facilities, and mineral processing. The core product portfolio includes cathode copper and sulfuric acid as primary products, with gold and silver products, refined ammonium rhenate, and ingot tellurium as specialty products. The company has over 50 years of experience and is one of China's five largest raw copper producers. A joint venture, Yangxin Hongsheng Copper Industry Company Limited (52% owned), handles smelting, processing, and trading operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Cathode Copper (阴极铜) Primary product produced through the smelting process; high-purity copper cathodes for industrial applications and electronics, manufactured for sale to copper-consuming manufacturing companies.
• Sulfuric Acid (硫酸) By-product of the smelting process; industrial chemical used in various manufacturing applications, produced and sold alongside cathode copper.
• Gold Products (黄金产品) Processed gold products derived from the rare and precious metals industrial park operations; sold as part of the company's non-ferrous metals and precious metals portfolio via subsidiaries and joint ventures.
• Silver Products (白银产品) Processed silver products from the rare and precious metals industrial park operations; sold alongside gold and other non-ferrous metals through subsidiaries and trading operations.
• Refined Ammonium Rhenate (精制铼酸铵) Specialty product developed through technical research and innovation; further enriches the company's product structure as a niche rare-metal offering.
• Ingot Tellurium (碲锭) Specialty rare-metal product developed through technical research; expands the company's product portfolio beyond core copper, gold and silver offerings.
• Non-Ferrous Metals Smelting, Processing and Trading (via Yangxin Hongsheng Copper Industry JV) Non-ferrous metals smelting, processing, and trading services operated through the 52%-owned Yangxin Hongsheng Copper Industry joint venture, covering copper, gold, silver, and related products.
• Overseas Mining and Exploration Services (via Xinjiang Hui Xiang Yong Jin Mining Ltd.) Mining and exploration activities at copper and silver mine areas in the Xinjiang Uygur Autonomous Region and selected international markets (Kyrgyzstan and Mongolia) via subsidiary Xinjiang Hui Xiang Yong Jin Mining Ltd.

Quantifiable outcome

• Water recycling rate of 95% in smelting operations
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core, major and minor.

• Yangxin Hongsheng Copper Industry Company Limited (阳新弘盛铜业有限公司)coreStrategic or Co-development Partner · 1 January 2019China Daye contributed RMB 1.3 billion to establish this joint venture in 2019, holding 52% equity interest. The joint venture operates in non-ferrous metals smelting and processing, gold and silver products processing, and non-ferrous metals trading. This partnership expanded the company's smelting capacity and processing capabilities.
• Government of Xinjiang Ili Kazakh Autonomous PrefecturemajorStrategic or Co-development Partner · 1 January 2009In August 2009, China Daye signed a strategic cooperation framework agreement with the government for joint development of non-ferrous metals and mineral resources in Xinjiang region.
• Xinjiang Hui Xiang Yong Jin Mining Ltd. (新疆汇祥永金矿业有限公司)minorStrategic or Co-development Partner · 1 January 2008Subsidiary through which China Daye holds mining rights and exploration rights at copper and silver mine areas in Xinjiang Uygur Autonomous Region. The company discovered new ore deposits including gold and molybdenum during Xinjiang mining project operations.
• Daye Non-Ferrous Metals Group Holdings Company Limited (大冶有色金属集团控股有限公司)coreStrategic or Co-development PartnerParent company of China Daye Non-Ferrous Metals Mining Limited. Holds controlling shareholder status and provides executive personnel including the Chairman. The parent company is a state-owned enterprise and the controlling shareholder of the listed group.
• China Nonferrous Metal Mining (Group) Co., Ltd. (中国有色矿业集团有限公司)majorStrategic or Co-development PartnerUltimate controlling shareholder through which Daye Non-Ferrous Metals Group Holdings is connected. CNMC is a state-owned enterprise engaged in non-ferrous metal mining globally.

Scale indicators8 records

Recent moves9 records

Expansion highlights4 records

Emerging players

• Shandong Gold Group: Shandong Gold is a major Chinese state-owned gold producer with diversified precious metals operations including silver and copper by-products. Comparable for the gold and silver processing operations within China Daye's precious metals industrial park.
• MMG Limited: MMG is a Hong Kong-listed mid-tier global copper and zinc miner with operations in Australia, DRC, and Peru. Comparable as a Chinese-influenced (CMOC-linked) HK-listed miner producing copper concentrates and cathodes with similar commodity price exposure.

Direct peers

• Zijin Mining Group: Zijin Mining is one of China's largest mining companies with significant copper cathode production alongside gold and zinc. Comparable as a major Chinese producer with copper smelting capacity, precious metal by-products, and integrated mining-to-metal operations.
• Jiangxi Copper Corporation: Jiangxi Copper is China's largest integrated copper producer, mining copper ore and producing copper cathodes alongside gold, silver, and sulfuric acid by-products. Directly comparable as a top-tier Chinese copper miner-smelter competing for the same industrial customer base and exposed to the same LME pricing dynamics.
• Tongling Nonferrous Metals Group: Tongling Nonferrous is a major Chinese state-owned integrated copper and zinc producer with smelting operations producing copper cathodes and by-product sulfuric acid. Highly comparable as a SOE peer competing directly in Chinese cathode copper and sulfuric acid markets with similar cost structures.
• Yunnan Copper Industry (Yunnan Tin Group): Yunnan Copper is a major Chinese copper mining and smelting enterprise producing cathode copper, sulfuric acid, and precious metal by-products. Comparable vertically integrated Chinese copper producer serving overlapping industrial and electrical manufacturer customers.

Regional players

• Daye Nonferrous Metals Group Holdings (Parent): Daye Nonferrous Metals Group Holdings is the controlling parent SOE of China Daye, operating copper and other non-ferrous metals businesses at the group level. Comparable as the upstream group entity with shared mining assets, executive personnel, and overlapping Chinese operational footprint.

Broad incumbents

• Freeport-McMoRan: Freeport-McMoRan is the world's largest publicly traded copper miner with integrated mining, smelting, and refining operations across the Americas. Comparable as a global integrated copper producer exposed to the same LME pricing and energy transition demand drivers.
• China Nonferrous Metal Mining (Group) Co., Ltd. (CNMC): CNMC is the ultimate state-owned controlling shareholder of China Daye and a much larger, globally diversified Chinese non-ferrous metals conglomerate spanning copper, aluminum, lead, zinc, and rare earths. Relevant as both parent and broad industry incumbent shaping Chinese non-ferrous metals policy.
• Antofagasta plc: Antofagasta is a major London-listed Chilean copper mining group producing copper cathodes and by-products. Comparable as a globally significant copper cathode producer exposed to similar commodity price dynamics, though focused on mining rather than Chinese smelting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/china-daye-non-ferrous-metals-mining-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about China Daye Non-Ferrous Metals Mining