Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 114

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 114
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.7 |     |      | 1,003.8 |
| World total demand (million ounces)    |     |      | 926.8 |     |      | 1,099.6 |     |      | 1,278.9 |     |      | 1,195.0 |     |      | 1,219.1 |
| COMEX average price (US$/oz)           |     |      |  26.4 |     |      |    23.4 |     |      |    24.0 |     |      |    24.1 |     |      |       * |
| SHFE average price (CNY/kg)            |     |      | 5,585 |     |      |   4,845 |     |      |   5,349 |     |      |   6,012 |     |      |   7,499 |

———————

Source: Silver Institute, COMEX, SHFE

*Certain data are not available yet.

Copper (chemical element symbol
Cu) is a ductile metal with excellent electric conductivity and is rather supple in its pure state and has a pinkish luster. Copper was
one of the first metals used by man. It is now primarily used as a heat conductor, an electrical conductor, a building material, and a
constituent of various metal alloys. Copper alloys have excellent mechanical properties and low resistivity, among which bronze and brass
are the most important. Copper is also a durable metal that can be recycled many times without losing its mechanical properties. Copper’s
properties of high electrical and thermal conductivity, together with good workability, allow it to be used in a wide range of applications,
of which wire and cable and other electrical uses are by far the most prevalent. The primary uses of copper are in electrical and electronic
products, the building and construction industry and, to a lesser extent, industrial machinery and equipment, consumer and general products
and transportation.

Copper is an internationally traded
commodity, the price of which is established on commodity markets throughout the world. Traditionally, the price of copper is closely
related to economic cycles and largely determined by supply and demand. China has relatively small copper reserves, yet has the greatest
copper demand globally, so it relies on copper imports to meet that demand. Demand for copper in China and the U.S. plays a major role
in global price determination. Global