Research On Strategic Resource Acquiring Oriented Internationalization Strategy

China owns the world's most integrated industrial system,while compared with resource-enriched countries like Australia,Canada,Chile,Peru,China's industrial resource self-sufficiency rate is still low,and mineral-driven economy still plays a non-dominant role in the nation's overall economic developments.Therefore,it's inevitable and crucial for Chinese resource-centered companies to fulfill the “Going Global” strategy,to make investment in overseas natural resources.Going global is not only for the need to meet China's increasing demands for mineral resources,but also for the purpose of improving company's core competitiveness among global business activities.In 2013,President Xi Jinping first raised up the Belt & Road Initiative,which opens up new space for the development of over 70 countries involved.It also provides clear directions and options for Chinese companies to go globally and participate world's strategic resource allocation.Being a large-scale company in Chinese mining industry,especially in copper industry,JT Corporation has been endeavoring to solve the resource dilemma.When it comes to the fact that the company's metal production capacity outruns its resource self-sufficiency in a dramatic way,JT Corporation has no other option but to go globally and acquire strategic resource by active participation in the Belt & Road Initiative and formulate collaboration with more stakeholders.According to statistic,the Belt & Road Initiative related countries,including Russia,Kazakhstan,Mongolia etc.,produce 15%~17% of the world's copper concentrate.Given the abundant natural resources,these countries are limited in technology,funding,infrastructure,and environmental protection,which presents great reciprocal business opportunities with Chinese mining companies.It's clearly pictured that Chinese mining companies hold great opportunities and optimism in making global investment and operation along the Belt and Road initiative regions.Going globally is a journey of both favorable and difficult conditions,which makes it crucial to choose proper internationalization strategies.This paper takes JT Corporation's internationalization strategy practice as researching basis,analyzes the current internationalization status of JT Corporation.With reference of established analysis to the internationalization strategy of resource oriented companies,this paper conducts parallel comparison between domestic and overseas industrial peers,combined with external condition analysis,and finally sets forth the strategic thinking in obtaining more strategic resources,improving international operation competitiveness,and building international first-tier company.Unlike the usual studies on the internationalization strategy of resource oriented companies,which exclude the advantage of company's technological expertise in metal smelting and downstream fabrication,this paper brings forward for the first time that companies with fully integrated industrial chain contains more competence and advantage when making investments and cooperation in some mining projects,which should be uniquely noticed and acknowledged.This paper aims to help better understand how to improve the internationalization competitiveness of Chinese non-ferrous metal industry,especially Chinese companies' unique advantage in world copper industry,in an effort to provide reference for the international operation practice of Chinese resource-centered companies.