China Minmetals
China Minmetals Corporation is a Chinese metals and mineral trading company headquartered in Beijing. It is a state-owned corporation under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminum, tungsten, tin, antimony, lead, zinc, and nickel.
Minmetals Plaza, the current headquarters of China Minmetals | |
| Company type | State-owned enterprise |
|---|---|
| Industry | Trading company |
| Founded | 1950 |
| Headquarters | , China |
Area served | Worldwide (34 countries and regions) |
Key people | Weng Zuliang (Chairman) |
| Products | Iron Steel Commodities Copper Zinc Lead Marine Shipping Mining Real Estate Finance |
| Revenue | CN¥322.757 billion (2014) |
Number of employees | 177,000 |
| Subsidiaries | China Metallurgical Group Corporation |
| Website | www.minmetals.com |
It is one of the largest metals and minerals trading companies in the world and the largest iron and steel trader in China. The company handles more than 12 million tons of steel products annually. It also trades iron, coke, coal, copper, zinc, and lead. In addition to the trade of metals, China Minmetals also trades in electrical products and operates subsidiaries that focus on real estate development, marine shipping, mining, and other investment activities.
In the United States, the company operates as Minmetals Inc, with its North American headquarters located in Weehawken, New Jersey, US. It is a member of the United Nations Global Compact's LEAD, a new platform established in January 2011 for corporate sustainability leadership.