Russian media: China's acquisition of overseas mineral resources sets a historical record!
Chinese companies have learned complex strategies, which is an irresistible "temptation".
On July 7, Russian publication "Sovet" published an article.
The Financial Times, a British media outlet, reported that China is increasing its investment in overseas mining projects to the highest level since 2013.
"Chinese companies are becoming more active because they believe there is a short-term opportunity window. They hope to complete transactions before the geopolitical situation deteriorates."
Zijin Mining plans to acquire a gold mine in Kazakhstan for 1.2 billion USD. While Baiyin Nonferrous Metals Group acquired the Brazilian mining company Mineracao Vale for 420 million USD.
More and more Chinese mining companies are starting to acquire assets of foreign resource extraction companies, as China is striving to ensure its supply of rare metals and other resources against the backdrop of geopolitical tensions.
A total of 10 deals exceeding 100 million USD were completed in 2024, which is the highest level since 2013.
This trend remains in 2025.
Analysts pointed out that Chinese companies have learned to "tempt" Western competitors' mining assets through more reliable long-term planning, which satisfies investors and owners alike.
Michael Scherb, founder of a private investment group, said that the strategy of Chinese companies has become "increasingly complex".
Russian netizens' comments were somewhat "jealous", with one user named Grass Flowers saying: "Mainly it's things that Russia hasn't sold yet."
Original: https://www.toutiao.com/article/1836940836710409/
Statement: This article represents the views of the author.