The Chairman of China Copper, one of China’s largest producers of the metal, has claimed that the company aims to increase its ownership of overseas assets as its domestic supply is beginning to run short. Chairman Xu Bo said “We hope to cooperate with countries and companies globally to acquire a number of near-production, at-production mineral resources with good quality, large reserves and potential.” China Copper already owns the Toromocho Copper Mine in central Peru through its parent company Aluminum Corporation of China (Chalco). The decision comes amidst tightening raw copper supply resulting from the closure of Cobre Panama late last year and demand continuing to increase due to various green technologies like electric vehicles and the need for copper wiring. Chinese…