Milestones

2018

2018: CITIC Metal Co., Ltd. acquired 19.5% stake of Ivanhoe Mines Limited, a world renowned mining company, and become its single largest shareholder. The company also completed corporate reform and became a shareholding company in the same year.

2016

2016: CITIC Metal Group Limited was registered in Hong Kong by consolidating all the assets, operations, and employees of CITIC Metal Co., Ltd. and CITIC United Asia Investments Limited.

2011

2011: Led a consortium comprising Baosteel Group, Ansteel Group, Shougang Group, and Taiyuan Iron & Steel (Group) Co., Ltd. (TISCO) that acquired 15% shares of CBMM, the world's largest niobium producer, with a 5% equity stake owned by CITIC Metal.

2009

2009: CITIC Metal Company was renamed CITIC Metal Co., Ltd. CITIC Metal (Ningbo) Co., Ltd. was set up in Ningbo as a trading entity and started import business.

2002

2002: CITIC Metal Company signed an exclusive distribution agreement with CBMM to promote niobium technology, applications and sales in China market to date.

1990

1990: China Kanghua Metal Development Limited was acquired by CITIC Group and renamed CITIC Metal Development Limited and later CITIC Metal Company.

 
2017

2017: The Company recorded annual revenue of RMB36.8 billion and a record high net profit attributable to equity holders of RMB1.2 billion.

2014

2014: CITIC Metal consolidated with CITIC International Trading Co., Ltd.; Partnered with MMG Limited and CNIC Corporation Limited in July to acquire 100% equity stake of Las Bambas copper mine where CITIC Metal took a 15% equity stake.

2010

2010: Recorded annual trading revenue of RMB10 billion, a milestone in Company history; CITIC Metal (HK) Ltd. was established as the group's first HK-based overseas platform for intermediary trade.

2004

2004: CITIC Metal Company invested in China Platinum Co., Ltd. and Western Superconducting Technologies Co., Ltd. and marked the official launch of its investment business.

1999

1999: CITIC Metal Development and the Beijing Office of CITISTEEL USA Inc. were restructured and consolidated, with the latter's niobium trading business acquired by CITIC Metal Company.

1988

1988: CITIC Metal's predecessor China Kanghua Metal Development Limited was established in Beijing.