Zijin Mining

Copper ~5.2% of AI DC CapEx; tin most fragile (8.2/10 scarcity). Eight charts + five tables: origins, refining (China ~57% Cu), costs, downstream BOM, equity map. Links nonferrous / copper / AI infra notes.

ICSG sees refined surplus 2026–27 while LME prints near $14k; US stockpiling distorts regional balances. See #references. Also nonferrous.

Zijin H1'26 mined Cu 534 kt (−6%); plan 1.20 Mt (2026) → 1.50–1.60 Mt (2028). Six-quarter volumes vs BHP/Codelco/FCX/Glencore; Julong/Zhuno/Kamoa drive the catch-up. See nonferrous.

Cu near $14k: ICSG surplus vs US stockpiling; Al mid ~$3300; Li/Co/Sn diverge. Links copper S/D and battery packs. #references updated.