紫金矿业：巨龙铜矿二期工程建成投产

Core Viewpoint - Zijin Mining announced that the second phase of the Jilong Copper Mine will officially commence production on January 23, 2026, significantly increasing its production capacity and output of various minerals [1] Production Capacity Expansion - The Jilong Copper Mine will add a new production scale of 200,000 tons per day, bringing the total production capacity to 350,000 tons per day [1] - After the completion of the second phase, the annual ore processing capacity will increase from 45 million tons to 105 million tons [1] Mineral Output Projections - The annual copper production is expected to rise from 190,000 tons in 2025 to approximately 300,000 to 350,000 tons, with an estimated output of 300,000 tons in 2026 [1] - Molybdenum production is projected to increase from 8,000 tons in 2025 to about 13,000 tons [1] - Silver production is anticipated to grow from 109 tons in 2025 to approximately 230 tons [1] Industry Position - Upon completion, the Jilong Copper Mine will become the largest copper mine in China and the world's highest-altitude, lowest-grade world-class super-large copper mine [1]