the Zijin Mining Group Co. Ltd.
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Copper cathode sheets ready for shipment at the Zijin Mining Group Co. Ltd. copper smelting plant in Bor, Serbia, on Wednesday, Sept. 17, 2025. China has boosted purchases of copper scrap over the past five years as its own smelters ramp up output and supplies of mined copper ore become more costly. Photographer: Oliver Bunic/Bloomberg