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China Minmetals Corporation, founded in 1950, is a large sized group dealing worldwide in development, production, trading and operation for metals and minerals. It is also engaged in finance, real estate and logistics. In 1999, China Minmetals was listed among the 39 "key enterprises" with a great bearing on national security and economic lifeline under the direct jurisdiction of the Central Government. In 2007, Minmetals was ranked Class A when the SASAC evaluated the performance of state-owned enterprises under the jurisdiction of the Central Government. In 2008, the Group was ranked No. 331 among the Fortune Global 500. In 2009, China Minmetals achieved a total business volume of US$26.8 billion dollar with operating revenue of RMB 173 billion yuan by responded the international financial crisis actively.The products and raw materials the Group handles have been widely used in different areas of national economic construction and people's livelihood. Minmetals has made remarkable contributions to the national economic development and modernization program. In recent years, has implemented a new development strategy to intensify operations in ferrous metals, non-ferrous metals, finance, real estate and logistics. To forge an industrial chain, Minmetals has promoted its strategic transformation for securing more resources. The Group has been transformed from a traditional state-owned enterprise with strong characteristics of the planned economy in the past to a modern, competitive and independent enterprise under the socialist market economy. And it has changed from a pure import and export company into a global integrated enterprise backed up with resources from both downstream and upstream industries. The Group has also changed from a company purely involved in operations of products into a group engaged in the operation of both products and assets and capital.