copper prices

Record copper prices boost profits of Chinese mining firms in Serbia to over €1.3 billion

The recent surge in global copper prices has significantly enhanced the profitability of Chinese mining companies operating in Serbia, with their combined earnings surpassing €1.3 billion. This marks a new high for the country’s extractive sector, driven primarily by operations in the Bor copper complex, which is under the control of China’s Zijin Mining Group. Zijin's local subsidiaries, notably Serbia Zijin Mining and Serbia Zijin Copper, have emerged as key contributors to Serbia's industrial economy, benefiting from increased production and…