Western Mining(SH:601168) Xin Lang Cai Jing·2026-01-12 01:18Company Overview - The company, established in 2000 as Qinghai Western Mining Co., Ltd., was renamed in 2001 to Western Mining Co., Ltd. and listed on the Shanghai Stock Exchange in July 2007 [1][10] - The company focuses on the domestic western region of China, integrating various mineral resources, and its business has expanded to include copper, lead, zinc, iron, molybdenum, and other metals, as well as precious metals like gold and silver [1][10] Shareholding Structure - The controlling shareholder is Western Mining Group Co., Ltd. (West Mining Group), with a direct and indirect shareholding ratio of 30.94% as of November 27, 2025 [4][12] - The actual controller is the Qinghai Provincial State-owned Assets Supervision and Administration Commission, which holds 71.07% of West Mining Group [4][12] Business Operations - The company has diversified its operations across the entire mineral industry chain, including mining, metallurgy, financial trade, and salt lake chemicals [4][12] - It possesses rich mineral resources, forming a solid resource foundation for its business development, and has established a stable mining operation system through technological innovation and reform [4][12] Copper Price Trends - Since the beginning of 2025, copper prices have shown a strong upward trend, influenced by factors such as tariff policies, US-China trade relations, and supply-side disruptions [5][13] - In January 2025, the LME copper spot settlement price increased by 2.80%, while domestic copper prices rose by 1.90% [5][13] - By October 2025, the LME copper spot settlement price had increased by 5.84%, and domestic prices rose by 5.35%, reflecting improved market confidence amid easing trade concerns [5][15]