China purchases mines worldwide
(MENAFN)
Chinese companies are purchasing more mines abroad than in over a decade to secure essential raw materials, as Western nations limit Chinese investments, the Financial Times reported. Last year, China signed ten deals each valued at over $100 million—the highest number since 2013—according to an analysis of S&P and Mergermarket data.
Chinese companies are purchasing more mines abroad than in over a decade to secure essential raw materials, as Western nations limit Chinese investments, the Financial Times reported. Last year, China signed ten deals each valued at over $100 million—the highest number since 2013—according to an analysis of S&P and Mergermarket data.
Analysts attribute this surge in acquisitions to China’s efforts to stay ahead of worsening geopolitical tensions, which have made it increasingly unwelcome as an investor in countries like Canada and the US. Significant recent deals include gold mines in Kazakhstan, Ghana, and Ivory Coast; copper mines in Zambia and Brazil; and a 50% stake in a rare-earth project in Tanzania.
China dominates rare earth refining, controlling 90% of the global processing capacity and holding the largest reserves of these critical materials. Securing minerals has become a national strategic priority for Beijing as demand rises for lithium, cobalt, and nickel—key components for clean energy and high-tech manufacturing.
Western governments have sought to restrict China’s access to vital minerals and processing technologies, aiming to safeguard their own supply chains. Measures include blocking Chinese investments, imposing export controls, and forming new partnerships to source minerals elsewhere.
US President Donald Trump has emphasized mineral access as a strategic issue linked to diplomacy and conflict resolution. Recently, the US brokered peace deals in Rwanda and the Democratic Republic of the Congo to secure American rights to mineral resources. Washington also signed a minerals agreement with Ukraine as partial repayment for military aid.
In June, the US and China agreed to resume rare-earth exports, ending China’s prior export restrictions that disrupted global supply chains in retaliation for US tariffs.
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