China’s overseas mining investment has soared to its highest level in over a decade, driven by Beijing’s push to secure critical raw materials amid rising geopolitical tensions.
There were 10 deals worth more than $100 million in 2024, the most since 2013 according to data from S&P and Mergermarket data, cited by the Financial Times. Separate research from the Griffith Asia Institute found that last year was the most active for Chinese overseas mining investment and construction since at least 2013.
Long the world’s biggest consumer of many strategic resources, China has invested abroad for years to shore up supply. But analysts say this latest wave reflects an urgent shift. Chinese firms are accelerating acquisitions before mounting political resistance in countries like Canada and the United States shuts more doors.
That urgency remains has remained evident this year. Last week, Zijin Mining Read more…
