Jiangxi Special Electric Motor: Futures hedging offsets the impact of falling lithium prices, reducing losses compared to last year | Interpretations

① Jiangxi Special Electric Motor announced a forecast of a performance loss, expecting a Net income loss of 0.236 billion to -0.285 billion yuan in 2024; ② In 2023, the loss was 0.397 billion yuan, indicating a reduced loss compared to the previous year. Jiangxi Special Electric Motor stated that the Futures hedging business for lithium carbonate has mitigated the adverse effects brought by the continuous decline in lithium carbonate prices.

cls.cnJan 13 23:56

Leading mining company is making acquisitions! Zangge Mining is planning a change in control, and Zijin Mining Group intends to take the lead | Summary of the announcement.

Zangge Mining announced a significant notice, planning to transfer 24.72% of its shares, directly indicating a change of control, with the buyer being the mining giant Zijin Mining Group. It is worth noting that in recent years, Zangge Mining and Zijin Mining Group have made considerable moves in the expansion of lithium resources. The change of ownership of Zangge Mining to Zijin Mining Group is just one of several acquisition cases by the latter; looking at 2024 alone, Zijin Mining Group has already undertaken four large-scale acquisitions.

cls.cnJan 10 00:06

In January, lithium battery companies' production scheduling improved, and the supply-demand relationship is expected to continue to improve after the Spring Festival.

① Recently released data from Shenzhen GaoGong Industry Research Institute indicates that lithium battery companies are expected to adjust their production schedules upwards in January 2025. ② A Research Report from Soochow states that production is expected to rebound rapidly after the Spring Festival, and the supply-demand relationship will continue to improve.

cls.cnJan 7 07:51

Gold prices have repeatedly reached historical highs, and gold companies are showing impressive performances while increasing reserves. The "long bull" trend still exists | Year-end review.

① This year's gold prices have repeatedly hit new highs, performing particularly impressively; ② Among A-share gold companies, SD GOLD, Zijin Mining Group, Shanjin International, and * Special Treat Zhongrun are actively increasing their reserves; ③ Many industry insiders believe that the trend of a "long bull" market for gold still exists; however, the risks of short-term fluctuations cannot be overlooked.

cls.cnDec 30, 2024 08:45

Accelerate the development of "non-lithium" projects. Sinomine Resource Group announces two investment plans with a scale exceeding 5.7 billion yuan｜Read the announcement quickly.

① Sinomine Resource Group announced today investment plans for two subsidiaries, involving Copper and Other Metals, with an intended investment scale exceeding 5.7 billion yuan. ② In fact, Sinomine Resource Group has been laying out plans for Copper mines for many years, but no revenue from Copper-related products exceeding 10% has been observed in annual reports over the years. Since the beginning of this year, the pace of advancement in Copper mining by Sinomine Resource Group has significantly accelerated.

cls.cnDec 27, 2024 23:59

The leading fluorite company is going overseas to mine, China Kings Resources Group invests 0.173 billion in the Mongolia project | Read the announcement.

① Following the investment in mineral resources in Mongolia, China Kings Resources Group is extending its Industry Chain by laying out a mineral processing plant, with a total investment expected to exceed 0.347 billion yuan; ② The launch of the Mongolia project means that the fluorite expansion plan of China Kings Resources Group is basically being implemented.

cls.cnDec 10, 2024 21:07