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May 2026
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Largest Metals & Mining Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Zijin Mining, CMOC Group, Shandong Hongqiao, China Hongqiao Group and Shaanxi Coal Industry.
 | Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes mining products segment; refined products segment; trading; and others. It generates maximum revenue from the Refined products segment. The products of refined products segment are refined copper, refined, processed gold and silver, refined zinc bullion, and sulphuric acid. Geographically, the majority is derived from Mainland China. | $5 | +79% | $120B | $130B | 2.5x | 8.8x | ||
| CMOC Group Ltd is engaged in the mining and processing smelting, deep processing, trade, research and development of molybdenum, tungsten, copper, gold, and other precious and base metals. The company has both upstream and downstream operations including molybdenum mining, processing, roasting, molybdenum chemical products, and molybdenum metal processing. The company has operating segments, namely Molybdenum Tungsten-related products, Copper and gold-related products, Niobium and Phosphorus-related products, Copper and Cobalt-related products, metal trading, and others. It derives a majority of its revenue from China. | $3 | +158% | $56B | $54B | 1.8x | 8.2x | ||
| Shandong Hongqiao Aluminum Industry Holding Co Ltd is engaged in the research and development, production, and sale of aluminum products, including aluminum plates, strips, foils, alumina, electrolytic aluminum, and deep-processed aluminum materials. Its business activities include non-ferrous metal rolling and processing, non-ferrous metal alloy manufacturing, and the development and sale of new metal functional materials. | $3 | +107% | $40B | $41B | 1.8x | 9.0x | ||
| China Hongqiao Group Ltd manufactures and sells aluminum products. Its products include molten aluminum alloy, aluminum alloy ingots, aluminum busbars, aluminum alloy processing products, and alumina products. The company has the manufacturing and sale of aluminum products segment. The company's geographical segments are China, India, Europe, Malaysia, and others, out of which China accounts for the majority of the revenue. | $4 | +119% | $39B | $41B | 1.7x | 6.3x | ||
| Shaanxi Coal Industry Co Ltd is a China-based company, principally engaged in the mining, dressing by washing, transportation, and sales of coal. The company's coal products are mainly applied in power, chemical engineering, and metallurgy, among others. The company distributes its products mainly within domestic markets. | $4 | +18% | $35B | $33B | 1.4x | 4.8x | ||
| China Coal Energy Co Ltd is a joint-stock company. The company is a large-scale energy enterprise integrating coal production and trade, coal chemical industry, power generation, and coal mining equipment manufacturing. Its segment includes Coal; Coalchemical products; Mining machinery; and Finance and Others. The company generates maximum revenue from the Coal segment. | $2 | +57% | $30B | $29B | 1.3x | 5.6x | ||
| China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in the non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources. The company operates through four segments. The Trading Business segment focuses on the distribution of rare earth raw materials. The Production Business segment is involved in the manufacturing of these raw materials. The Rare Earth Functional Materials and Application Products segment covers the development and sale of rare earth-based materials and their applications. The Environmental Protection Industry and Others segment provides services related to environmental management, including the treatment and recycling of waste gas, wastewater, and solid waste. | $7 | +119% | $27B | $27B | 4.4x | 40.7x | ||
| Yankuang Energy Group Co Ltd is an integrated thermal and coking coal-mining company, with operations in mainland China and Australia. The company also engages in power/heat generation and rail transportation and produces coal chemicals including methanol. Coal accounted for more than 90% of the group's gross profit in 2019. The firm is the coal miner in China by production and is listed on the exchanges in Hong Kong, Shanghai, and New York. | $3 | +65% | $27B | $40B | 1.9x | 6.9x | ||
| Aluminum Corp of China Ltd is an aluminum producer. Its main business includes exploration and mining of resources such as bauxite and coal, production, sales, technology research and development of alumina, primary aluminum, aluminum alloys, and carbon products, international trade, logistics industry, thermal and new energy power generation, etc. The company's reportable operating segments are; The alumina segment, The primary aluminum segment, Energy, Trading, and the Corporate segment. The majority of its revenue is generated from the primary aluminum segment which consists of procuring alumina and other raw materials, supplemental materials and electricity power, and smelting alumina to produce primary aluminum. Geographically, its key revenue is derived from Mainland China. | $2 | +74% | $26B | $29B | 0.8x | 5.1x | ||
| China National Uranium Co Ltd is engaged in the mining, smelting, sales, and trade of natural uranium resources. It also engages in the comprehensive utilization and product sales of radioactive co-associated mineral resources such as monazite and uranium-molybdenum. Its business scope further includes investment in and management of overseas uranium resource projects, covering exploration, surveying and design, and engineering construction. Additional activities include import and export operations, as well as technology development, technical services, and technical consulting. The company is also involved in the mining and processing of rare earth metal ores, uranium ores, and precious metal ores. | $11 | -- | $23B | $23B | 8.0x | 48.1x | ||
| Ganfeng is the world’s third largest and China’s largest lithium compounds producer and the world’s largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling. | $11 | +166% | $22B | $26B | 7.6x | 37.0x | ||
| Jiangxi Copper Co Ltd engages in copper mining and dressing; smelting and processing; extraction, and processing of precious and scattered metal, and sulphuric chemistry. Its products include a copper cathode, gold, silver, sulphuric acid, copper foil, selenium, tellurium, rhenium, and bismuth. It has two operating segments: the production and sale of copper and other related products and services, and the production and sale of gold and other related products and services. | $6 | +121% | $20B | $26B | 0.3x | 10.7x | ||
| Shandong Gold Mining Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold mines. It is also engaged in the purification, processing, manufacturing, and distribution of precious metal, nonferrous metal products, and gold jewelry. The operating segments of the company are Gold and Non-ferrous Metals Mining, Gold and Non-ferrous Metals Refining, Investment Management and Trading. It derives key revenue from the Gold and Non-ferrous Metals Refining segment, which involves the production and sales of gold. The group operates in the PRC and Outside PRC, of which majority of the revenue is from the PRC. | $4 | +3% | $20B | $26B | 1.7x | 8.8x | ||
| Baoshan Iron & Steel Co Ltd manufactures and markets iron and steel products. The company operates through three segments. The Steel Manufacturing segment consists of multiple units involved in the production of various steel products. The Processing and Distribution segment comprises trading entities, including Baosteel International and its overseas affiliates. The Others segment includes operations related to information technology, the carbon industry, and other ancillary businesses. The company’s core product offerings include cold-rolled and hot-rolled carbon steel coils, steel pipes, long products, thick plates, and other steel-related items. | $1 | -9% | $19B | $22B | 0.5x | 4.5x | ||
| Zhejiang Huayou Cobalt Co Ltd provides metal production and processing services. The company produces cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, cobalt monoxide, copper, nickel, and related products. | $8 | +75% | $16B | $22B | 1.8x | 9.5x | ||
| Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullion, under the brand Zhaojin. The company has three reportable operating segments: Gold operations, Copper operations, and Others. A majority of its revenue is generated from the Gold operations segment, which consists of gold mining and smelting operations. The copper operations segment consists of copper mining and smelting operations. Geographically, it derives maximum revenue from Mainland China and the rest from overseas markets. | $3 | -- | $10B | $12B | 4.6x | 10.7x | ||
| Shandong Humon Smelting Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold and the manufacturing of chemical products. The main products are vitriol, gold, silver, sulfuric acid, cathode copper, electrolytic copper and ammonium phosphate, and electrolytic lead. | $2 | -- | $3B | $5B | 0.3x | 16.5x | ||
| Ligeance Aerospace Technology Co Ltd is a China-based company specializing in manufacturing railway, shipbuilding, aerospace, and other transportation equipment. Its primary business involves producing high-temperature blades for engines and steam turbines, processing and manufacturing high-end aviation parts, providing support services, and developing, smelting, and trading non-ferrous metal minerals. The company's key products include precision aviation parts, structural components, and monocrystalline turbine blades. These encompass components such as aircraft wing edge surfaces, engine-related parts, take-off and landing equipment, fuel pump covers, wing trusses, wing surfaces, spars, large wing skeletons, aircraft floor beams, and seat rails. | $2 | -- | $2B | $2B | 8.4x | (91.3x) | ||
| Tharisa PLC is an investment holding company. The company, along with its subsidiaries, is engaged in the exploitation of metals and minerals, principally PGMs and chrome and associated sales and logistics operations. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company operates through the following four segments: PGM segment, Chrome segment, Agency and trading segment, and Manufacturing segment. The majority of the revenue is derived from the Chrome segment. Geographically, it generates the maximum revenue from South Africa. | -- | -- | $459M | $391M | 0.6x | 2.0x | ||
| ZJK Industrial Co Ltd is a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts, and other precision metal parts products for new energy vehicles, circuit boards, data centers, liquid cooling systems for high-speed supercomputers widely applied in the artificial intelligence industry, and intelligent electronic equipment, such as mobile phones, smart watches, drones, and 5G communication base stations. Its products include various standard screws, nuts, bolts, turning parts, stamping parts, and Computer Numerical Control (CNC) machining parts. The products are used in new energy vehicles, mobile phones, smart watches, drones, 5G communication base stations, circuit boards, liquid cooling systems, and other electronic equipment. | $3 | -44% | $167M | $158M | 2.8x | 10.4x | ||
| Hongli Group Inc is a cold roll-formed steel profile manufacturer in China. It customizes and manufactures cold roll-formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture, and transportation. Geographically, the company generates the majority of its revenue from the PRC. | $1 | -3% | $71M | $81M | 4.1x | 23.5x | ||
| Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides an extensive product lineup including casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in the automobile, construction machinery, and other manufacturing industries. | $1 | -100% | $5M | $6M | 0.5x | (6.5x) | ||
| Median | $3 | +74% | $21B | $26B | 1.8x | 8.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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