Nov. 7 (Bloomberg) -- China’s Daye Nonferrous Metals Co., which is seeking a domestic initial public offering as early as next year, is aiming to double its copper output from about 250,000 metric tons by 2015, a company executive said.

The Huangshi, Hubei province-based company is also looking to invest in copper mines in Mongolia and Kyrgyzstan so as to diversify its sources of raw materials, Zhang Xupeng, deputy director of the investment department, said in an interview today.

Daye Nonferrous is China’s fifth-largest copper smelter based on last year’s output, according to Bloomberg data.

-- Xiao Yu. Editor: Richard Dobson

To contact the Bloomberg News staff on this story: Yu Xiao in Beijing at yxiao@bloomberg.net

Last Updated: November 7, 2009 01:17 EST