Huafu Securities: The supply growth rate in May was higher than the production schedule, and lithium prices may fluctuate downward
The industry's inventory and warehouse receipts are at a high level, and the upstream price promotion mentality is weakening; due to poor production expectations, downstream goods are cautious, and demand for inventory replenishment is weak. The supply growth rate in May was higher than the production schedule, and lithium prices may fluctuate downward.
Zangge Mining (000408.SZ): Set the 2024 production plan for potassium chloride at 1 million tons
Gelonghui, May 23丨Zangge Mining (000408.SZ) was surveyed by a specific target on May 22, 2024, on “Why is production not expanding in the Char Khan mining area?” The company replied that from the perspective of stable, continuous, long-term development and rational use of resources, the company has set a production plan of 1 million tons of potassium chloride in 2024 on the basis of the time cycle required for comprehensive salt lake brine growth and achieving “stable production and supply.”
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
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
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.
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
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.
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
Zangge Mining (000408.SZ): Aiming to complete and put into operation the Mamicuo Salt Lake Phase I 50,000 ton project by the end of 2024
Gelonghui, April 18 | Zangge Mining (000408.SZ) recently launched an investor relations campaign to ask, “Can Mamicuo be built by the end of this year?” The company replied that preliminary preparations for the construction of the Mamicuo project have been completed, such as selecting the production workshop site, installing the activity housing and employee dormitories required for the project, leveling the land occupied by the production workshop, and constructing more than 20 kilometers of roads in the mining area. The company has a successful experience in building a lithium carbonate production line in Chaerhan. On this basis, the company will make every effort to complete and put into operation the Mamicuo Salt Lake Phase I 50,000 ton project by the end of 2024.
Zangge Mining's (SZSE:000408) Three-year Total Shareholder Returns Outpace the Underlying Earnings Growth
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But when you pick a company that is really flourishing, you can make mor
Zangge Mining (000408.SZ): 2023 equity distribution, 10 transfers, 8 yuan, share registration date April 18
Gelonghui, April 12 | Zangge Mining (000408.SZ) announced that the company's 2023 equity distribution uses a fixed total allocation method. The specific distribution plan is to distribute RMB 8.000.000 (tax included) to all shareholders for every 10 shares based on the company's current total share capital excluding 1,570,514,082.00 shares after 9,920,991.00 shares already repurchased. The share registration date is April 18, 2024, and the excluding dividend date is April 19, 2024.
Debon Securities: The 2024Q1 copper price shock will rise, and financial and industrial attributes may resonate
Copper prices rose sharply due to the Federal Reserve's attitude of cutting interest rates in March, continued decline in LME inventories, and tight supply of raw materials to domestic refineries due to lower TC prices.
Zangge Mining (000408.SZ): In 2024, the company plans to produce 1 million tons of potassium chloride and sell 1.042 million tons
Gelonghui March 27 | Zangge Mining (000408.SZ) held an analyst meeting on March 25, 2024 to discuss “Will sales expectations for potash fertilizer and Julong Copper increase in 2024?” The company replied that in 2024, the company plans to produce 1 million tons of potassium chloride and sell 1.042 million tons. The planned production of Julong Copper Mine is 166,000 tons, up from 2023.
Zangge Mining (000408.SZ): From January to February this year, production and sales of new energy vehicles increased by more than 20% year-on-year
Gelonghui March 27丨Zangge Mining (000408.SZ) held an analyst meeting on March 25, 2024 to discuss “Are downstream lithium carbonate manufacturers currently willing to purchase strong?” The company replied that from January to February of this year, production and sales of new energy vehicles increased by more than 20% year on year, the operating rate of downstream power batteries was high, and demand for energy storage grew rapidly in the first quarter. Furthermore, overseas ore auctions also showed signs of a boost in market demand.
Some Zangge Mining Company Limited (SZSE:000408) Analysts Just Made A Major Cut To Next Year's Estimates
The latest analyst coverage could presage a bad day for Zangge Mining Company Limited (SZSE:000408), with the analysts making across-the-board cuts to their statutory estimates that might leave shareh
Here's What Analysts Are Forecasting For Zangge Mining Company Limited (SZSE:000408) Following Its Earnings Miss
Zangge Mining Company Limited (SZSE:000408) missed earnings with its latest annual results, disappointing overly-optimistic forecasters. It looks like a clear earnings miss, with both revenues an
Huafu Securities: Focus on the peak positive production season in April, which may drive a rebound in lithium prices
In the short term, demand is still being replenished. Lithium prices are bottoming out, the medium- to long-term excess trend is not changing, and lithium prices are peaking. Focus on the April cathode production schedule. The peak season may drive a rebound in lithium prices, but the 2024 surplus situation has not changed.
Returns On Capital Are A Standout For Zangge Mining (SZSE:000408)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding
Zangge Mining (000408.SZ): Net profit in 2023 fell 39.52% to 3.42 billion yuan, and plans to pay 10 to 8 yuan
Gelonghui March 20 | Zangge Mining (000408.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 5.226 billion yuan, a year-on-year decrease of 36.22%; net profit attributable to shareholders of listed companies was 3.42 billion yuan, a year-on-year decrease of 39.52%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 3,575 billion yuan, a year-on-year decrease of 37.25%; basic earnings per share were 2.18 yuan; it plans to distribute a cash dividend of 8.00 yuan (tax included) to all shareholders for every 10 shares.
China Post Securities: PLS lithium concentrate auction price of 1,200 US dollars/ton lithium continues to fluctuate at a high level
The Zhitong Finance App learned that China Post Securities released a research report saying that the PLS announcement had accepted the offer before the BMX auction. The price of 5,000 tons of lithium concentrate was 1106 US dollars/ton SC5.5, equivalent to 1,200 US dollars/ton SC6, and the equivalent cost of lithium carbonate was about 106,000 yuan/ton. A sales contract has been signed with the buyer and shipped in 2024Q4. In terms of the domestic market, judging from the production schedule, the downstream battery industry is booming. The March production schedule continued to grow month-on-month, and the April production schedule is still improving after learning about the industry chain. In addition, the industry was previously in a state of low inventory, and some manufacturers during the Spring Festival
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