Global mining firms step up efforts to expand presence

In 2023, nation accounted for over 50% of world's metal consumption

Global mining enterprises are stepping up efforts to expand their presence in China, attracted by the country's vast market and recent moves toward broader economic opening, said company executives and industry experts.

As China continues to liberalize trade and streamline foreign investment policies, international mining firms are eyeing an increasingly accessible market to tap into growing demand for minerals and metals, they say.

Jakob Stausholm, CEO of Rio Tinto Group, said during an interview on the sidelines of the ongoing China International Import Expo in Shanghai, that China's commitment to reducing carbon emissions and investing in clean energy technologies sets a benchmark for other nations and that Rio Tinto is eager to strengthen its collaboration with Chinese partners to support and contribute to these sustainable initiatives.