en.Wedoany.com Reported - On May 27, Yunnan Copper disclosed in an investor relations activity record that the Hongnipo Copper Mine project, located in Huili City, Liangshan Prefecture, Sichuan Province, China, is progressing according to plan. The project is being developed by Liangshan Mining Co., Ltd.

Public information shows that the Hongnipo Copper Mine under Yunnan Copper has identified copper metal resources of approximately 592,900 tonnes, with an average copper grade of 1.42%. This mine is one of Yunnan Copper's important growth projects. Industry insiders indicate that the overall grade of newly added global copper resources is declining, making copper mines with grades above 1% relatively scarce. The mine's high resource endowment is expected to support the project's future profitability.

According to previously disclosed plans, the Hongnipo Copper Mine will adopt underground mining methods, supported by the construction of a beneficiation system, with a designed mining and processing capacity of 1.2 million tonnes of copper ore per year. The project is being constructed to national-level green mine standards, employing processes such as tailings backfilling to reduce ecological and environmental impact.

Based on the Hongnipo Copper Mine's approximately 592,900 tonnes of copper metal resources and its designed scale, the project is expected to contribute over 15,000 tonnes of self-produced copper concentrate metal annually once fully ramped up. Yunnan Copper's annual refined copper output exceeds 1.3 million tonnes, with upstream copper concentrate raw materials heavily reliant on external purchases and imports. As global copper resources tighten and copper concentrate processing fees come under pressure, resource security capability has become the core of competition for copper smelting enterprises. The industry anticipates that if the Hongnipo Copper Mine is successfully constructed and put into operation in 2026, Yunnan Copper is poised to benefit from a new upward cycle in copper demand. Copper demand growth is driven by factors such as new energy vehicles, AI data center construction, power grid upgrades, and the energy transition, while the release of new supply from large overseas copper mines remains relatively slow.

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