Polish copper giant signs huge Chinese deal

Polish copper giant KGHM Polska Miedź (KGHM) has signed a four billion-US dollar contract to supply China Minmetals Nonferrous Metals (Minmetals) with copper cathodes.

KGHM has long been Poland’s largest exporter to China. This new, long-term copper cathode delivery contract was signed on November 6 during the first ever China International Import Expo 2018 in Shanghai. The five-year contract could reach four billion US dollars in value depending on the level of use of the quantitative option.

“Stable deliveries and high-quality products are very important to us. Over 20 years of constructive cooperation with KGHM has shown us that we can trust the Poles. We are happy that our cooperation is developing and that we can be KGHM’s ambassador in the Chinese market,” said Guo Wenqing, CEO of Minmetals.

“We are happy with our cooperation with China Minmetals. Thanks to them, we can make use of the huge potential that the Chinese market has to offer. The foundation of our cooperation is a win-win approach – we make sure that both sides will benefit from our cooperation. On this, we are also building a Polish brand in China. For over 20 years, we have developed a reputation of being a reliable and stable partner. Thanks to KGHM, China perceives Poland as not only a market, but also a source of high-quality products,” explained Marcin Chludziński, CEO of KGHM.

KGHM’s plans for the Chinese market do not stop with Minmetals.

“By participating in this event, we want to strengthen our cooperation with the Chinese market and introduce other products manufactured by the KGHM Group, such as silver, gold, refined lead and more. We are also here to promote other companies from our capital group, and to build a positive image of the Polish economy in China,” added Mr Chludziński

“We never forget that we are a great Polish company whose task is to pave the way for other companies from our homeland.”