Four months ago, domestic lithium mining giant China Mining Resources announced that it would acquire a copper mine in Zambia. The acquisition is China's resources to speed up the layout of the copper resources mining development step, the latest progress shows that the acquisition deal has been completed delivery. The latest announcement of China Mineral Resources disclosed that its subsidiary Junction has officially changed the name of the copper mine to “Kitumba” with the approval of the Zambian industrial and commercial registry. Afmin, a wholly-owned subsidiary of China Mineral Resources, holds a 65% stake in Kitumba, thus owning a 65% interest in the Kitumba copper mine project. It is worth noting that, in the context of global energy transition, the market generally expects copper demand will continue to rise, and even some market views that the next few years copper supply will be in short supply. And as Africa's second-largest copper producer, Zambia, is also seeking to seize this round of opportunities, the country's about 70% of export revenue from copper.