Glencore(US:GLNCY) Sou Hu Cai Jing·2025-09-27 12:02Core Insights - The collaboration between Glencore and Jinli Group has been ongoing since 2007, with Jinli Group emerging as a benchmark enterprise in energy conservation and comprehensive recycling in the non-ferrous metal industry [3][4] - Glencore, a global leader in natural resources, reported an estimated total revenue of approximately $240 billion for 2024, ranking 24th in the Fortune Global 500 [3] - The city of Jiyuan, where Jinli Group is located, is a significant hub for non-ferrous metals in China and Asia, contributing 20.2% of the national electrolytic lead production and 23.8% of silver production in 2024 [3][4] Company Overview - Jinli Group has an annual production capacity of 650,000 tons of lead, 200,000 tons of zinc, and 2,000 tons of silver, with a comprehensive recycling capability of nearly 27,000 tons of precious metals [3][4] - Glencore operates in over 60 countries, covering various sectors including minerals, energy, metals, and agricultural products, and is committed to sustainable resource development and efficient utilization [3] Strategic Collaboration - The partnership focuses on resource utilization, technological innovation, and green low-carbon initiatives, leveraging Jiyuan's advanced smelting technologies and complete industrial chain from lead and zinc to precious metals [4] - The collaboration is seen as a model for commercial win-win scenarios and a practical implementation of the Belt and Road Initiative, aiming to transform Jiyuan from a "raw material city" to a "new materials strong city" [4]