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Trades about 30% below its sector, cheaper than its peers on earnings.
China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. operates internationally, primarily focusing on comprehensive project contracting and the exploration and exploitation of nonferrous metal resources. The company provides a full suite of services for nonferrous metal projects, encompassing engineering, consulting, equipment supply and installation, technical support, commissioning, and personnel training. Beyond its core nonferrous sector activities, it also undertakes the construction of various public infrastructure projects, such as residential and civil buildings, roads and bridges, and electrical power facilities, alongside specialized nonferrous metal industrial projects. Its commercial activities extend to exporting auxiliary materials and spare parts to its overseas investment entities, importing products from its international resource operations, and sourcing nonferrous minerals for domestic smelting enterprises. Additionally, it sells goods manufactured by its foreign projects and manages the procurement and distribution of raw materials and products for its domestic shareholding companies. The company is also a significant trader of nonferrous metal products, dealing in commodities like copper, aluminum, lead, zinc, nickel, and various rare earth oxides. Established in 1983, its corporate headquarters are situated in Beijing, People's Republic of China.
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