Our advanced materials segment aims to ensure supply chain stability and to build competitive advantages through the development of complete vertical industrial value chains jointly with the businesses of the advanced intelligent manufacturing segment.
CITIC Pacific Special Steel is a global leader in the manufacture of specialty steel, producing bars, plates, seamless steel tubes, forged steel, wires, and casting billets for customers in the auto components, energy, machinery manufacturing, oil and petrochemicals, transport, shipbuilding and other industrial sectors. Its products are sold in China and more than 60 other markets, including the US, Japan, Europe and Southeast Asia.
With a total production capacity approaching 20 million tonnes per annum, CITIC Pacific Special Steel currently operates four main plants – Xingcheng Special Steel, Daye Special Steel, Qingdao Special Steel and Jingjiang Special Steel. The company also has two raw material processing plants in Tongling and Yangzhou, as well as two industrial extension plants – Pacific Special Steel Suspension in Ji'nan and Zhejiang Pacific Seamless Steel Tube in Shaoxing. In addition, in January 2023, CITIC Pacific Special Steel successfully bid for a 60% equity interest in Shanghai Electric Group Pipe Co., Ltd. Subsequently, Shanghai Electric Group Pipe Co., Ltd has become a wholly-owned subsidiary of the company. As a result, the company was able to obtain a controlling stake in Tianjin Pipe Corporation by indirectly holding a 51.02% equity interest.
As one of the first group enterprises under the registration-based system, CITIC Metal has been listed on the A-share stock market since 2023. The company primarily engaged in commodities trading and mining investments, and aspires to become a top tier trader and investor in the field. CITIC Metal specialises in trading of niobium products, iron ore, non-ferrous metals, steel and aluminum, among others. The company's investment portfolio includes Ivanhoe Mines (IVN.TO; 25.92% shareholding), Las Bambas Copper Mine in Peru, Brazilian niobium miner CBMM, CITIC Titanium, Western Superconducting Technologies (688122.SH; 11.89% shareholding) and others.
Located on the coast of Western Australia's Pilbara region, Sino Iron is a pioneer of magnetite mining and beneficiation in Australia. Developed by CITIC Mining International through its Australian subsidiary CITIC Pacific Mining (CPM), Sino Iron is the largest magnetite concentrate operation in Australia and a major supplier of premium feedstock to Chinese steel mills. CITIC has an aggregate entitlement to three billion tonnes of magnetite ore via initial mining right acquisitionsand an exercised option, supporting a mine life of more than 40 years. In 2022, Sino Iron exported 21.41 million wet metric tonnes of concentrate to CITIC's special steel plants and other steel mills. Sino Iron remains the world's largest seaborne supplier of magnetite concentrate to China.
CITIC Resources is listed on the Hong Kong Stock Exchange and conducts its principal business in the exploration, development and production of oil. It also invests in coal mining, the import and export of commodities, electrolytic aluminum, bauxite mining and alumina smelting. The company's three oilfields KBM, Yuedong and Seram produced a total of 17,961,000 barrels of crude oil, a 2% year-on-year increase.
CITIC Pacific Energy invests in and manages power plants in China with supporting businesses that extend across the industrial supply chain from mining and shipping to power sales and heat supply. The company also invests in green energy businesses including solar and wind power generation.
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