China’s Overseas Metals And Mining Investments Set To Hit Record In 2023
China’s overseas investments in the metals and mining sector could reach record levels this year, as found in a report published by Fudan University. The data reveals that Chinese investments and new contracts in this sector have already exceeded $10 billion in the first half of 2023, showing a 131% year-on-year growth. The current investment rate could potentially surpass the previous record of $17 billion set in 2018. This investment boom is part of China’s Belt and Road Initiative (BRI), a large-scale infrastructure project launched in 2013. Mineral resources, particularly those vital for the energy transition, are one of the focus areas. This aligns with China’s position as a leading producer of electric vehicles, batteries, solar panels, and wind turbines.
Source: https://www.mining.com/chinas-metals-and-mining-investment-overseas-to-hit-record-in-2023-report/
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