China Minmetals posts growth in revenue, profit

BEIJING - China Minmetals Corporation, the country's largest metals and minerals group, reported year-on-year growth in both operating revenue and profits in the first half of 2022, amid efforts to advance reform and promote innovation, according to the company's mid-year work conference.

During the January-June period, the value of new contracts signed in metallurgy and infrastructure rose 7.6 percent year-on-year, data showed.

Imports of blister copper expanded nearly 30 percent year-on-year, the company said.

Driven by enhanced innovation efforts, revenue derived from the commercialization of scientific and technological achievements increased 9.5 percent year-on-year, according to the company.