China Nonferrous Mining (01258) issued an announcement. For the three months ending March 31, 2024, the Group: Accumulated...
Zhitong Finance App News, China Nonferrous Mining (01258) announced that in the three months ended March 31, 2024, the Group: accumulated production of about 32,477 tons of cathode copper (processing service for copper-containing products), a year-on-year decrease of about 9%, and completed the annual output guideline of about 23%; the cumulative production of crude copper and anodized copper (processing services for copper-containing products) was about 110,092 tons, an increase of about 22% over the previous year; the cumulative production of sulfuric acid was about 27%; the cumulative production of sulfuric acid was about 16%; the annual output guideline was completed; Cumulative production Cobalt hydroxide contains about 196 tons of cobalt, a year-on-year decrease of about 48%, completing the annual production guideline of about 30%; and a total production of about 5,803 tons of liquid sulfur dioxide, an increase of about 49% over the previous year, completing the annual production guideline of about 45%.
For the three months ended March 31, 2024, the Group estimates that the company's owners' share of profit was approximately US$84 million, a year-on-year decrease of about 3%. The main reason for the year-on-year decline in economic indicators is that the average international copper price fell by more than 5% year on year from January to March 2024.