Are Robust Financials Driving The Recent Rally In Zangge Mining Company Limited's (SZSE:000408) Stock?

Most readers would already be aware that Zangge Mining's (SZSE:000408) stock increased significantly by 10% over the past three months. Since the market usually pay for a company's long-term fundame

Simply Wall StMay 20 21:36 ET

Hongqiao Group (08137.HK) signed a memorandum of understanding on technical consulting services with Zangge Mining

Gelonghui May 3 丨 Hongqiao Group (08137.HK) issued an announcement. On May 3, 2024, the company and Zangge Mining (000408.SZ) signed a non-legally binding technical consulting service memorandum. The company is currently discussing and reviewing several salt lake lithium extraction projects in South America, and will require professional technical consultants to carry out project analysis and planning. Zangge Mining has experience in developing lithium salt lakes. Its self-developed process solved the problem of extracting lithium from ultra-low salt lake brine and problems such as excessive boron in salt lake lithium products, greatly improving product quality and reducing product costs. At the same time, Zangge Mining

Gelonghui FinanceMay 3 00:30 ET

Zangge Mining (000408.SZ): Net profit of 529 million yuan in the first quarter decreased by 42.51% year on year

On April 29, Ge Longhui | Zangge Mining (000408.SZ) released its first quarter report. Operating revenue was 614 million yuan, down 55.28% year on year, net profit of 529 million yuan, down 42.51% year on year, after deducting non-net profit of 578 million yuan, down 36.83% year on year, with basic earnings of 0.34 yuan per share.

Gelonghui FinanceApr 29 09:29 ET

SDIC Securities: Increased copper supply disturbances are expected to drive continued price breakthroughs

The Zhitong Finance App learned that SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a decrease in production. Copper mine production cuts continue to occur, and expectations for the resumption of production at the Cobre Panama and Sossego copper mines, which were cut off earlier, have been postponed again. Britain and the US sanctioned Russian metals and restricted Russian aluminum, copper and nickel transactions in LME and CME. Russian Copper accounts for 62.1% of LME inventory, which limits delivery or raises market concerns about the risk of overclosing positions. The supply-side logic continues to be implemented. We continue to be optimistic that the copper price will move further upward after the breakthrough, and we will continue to recommend the copper sector. Recommended to follow

Zhitong FinanceApr 24 02:15 ET

Zangge Mining (000408.SZ): Julong Copper Mine has resources of 19.27 million tons of copper, 10,600 tons of silver, and 1.2 million tons of molybdenum

Gelonghui April 18 丨 Zangge Mining (000408.SZ) recently held an investor relations event to discuss “Julong Copper Mine's production situation last year? What are the current resource reserves?” The company replied that the Julong Copper Mine has resources of 19.27 million tons of copper, 10,600 tons of silver, and 1.2 million tons of molybdenum; in 2023, it will produce 154,400 tons of copper, 5,596 tons of molybdenum, 633 kilograms of gold, and 105.7 tons of silver.

Gelonghui FinanceApr 18 03:43 ET

Zangge Mining (000408.SZ): The second phase of the Julong Project renovation and expansion project has been approved by relevant departments, and construction will be fully started in 2024

Gelonghui April 18 丨 Zangge Mining (000408.SZ) recently held an investor relations event to discuss “Dragon Phase II construction plan? When is Phase 3 expected to start?” The company replied that the second phase of the Julong project has been approved by the relevant departments, and construction will be fully completed and put into operation by the end of 2025. After delivery, the overall annual ore volume will exceed 100 million tons, and the annual mineral copper will reach 30-350,000 tons. At that time, it will become the largest domestic single copper mine to be put into operation in this century; the project will further plan the third phase of the project, if approved, the most

Gelonghui FinanceApr 18 03:43 ET