Zangge Mining Expects H1 Net Profit to Rise 97%-108% on Stronger Lithium Carbonate Business

Published: Jul 7, 2026 09:29

Save

Zangge Mining expects net profit attributable to shareholders for the first half of 2026 to reach RMB 3.55-3.75 billion, up 97.20%-108.31% year-on-year. The company said earnings were supported by stronger profitability in its potash business, a significant improvement in its lithium carbonate business, and higher investment income from its stake in Julong Copper, which is expected to contribute about RMB 2.8 billion during the period.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

41 mins ago

[SMM Cobalt Morning Meeting Summary] Refined Cobalt Stops Falling and Stabilizes, with Transactions Improving but Support Limited

SMM Cobalt Morning Brief: This week, the cobalt industry chain overall consolidated on a subdued note. Refined cobalt spot prices remained stable temporarily. Traders resumed offering, but transactions were still dominated by essential stockpiling, while end-use demand had not yet clearly recovered. Cobalt intermediate products were boosted by news related to DRC. Miners' offers stayed firm, but downstream smelter acceptance was limited, and some traders lowered prices to sell and facilitate deals. Transactions in the cobalt sulphate, cobalt chloride, and Co3O4 markets remained sluggish. Downstream wait-and-see sentiment was strong, and restocking demand had not yet materialized. Cobalt powder prices continued to edge lower, and off-season pressure on hard alloys persisted. Overall, cobalt chain prices may mainly consolidate in the short term, and subsequent recovery will likely need to wait for a rebound in cobalt salt valuations and improvement in downstream demand.

41 mins ago

1 hour ago

Dinglong Files for Hong Kong Listing, Expands Lithium Battery Materials Business

Dinglong has filed an application for an H-share listing on the Hong Kong Stock Exchange. Alongside its semiconductor materials business, the company has continued to expand its presence in new energy materials. Earlier this year, Dinglong acquired a 70% stake in Shenzhen Haofei New Materials, a leading supplier of dispersants for lithium batteries used in electric vehicle and energy storage applications, further strengthening its lithium battery materials portfolio.

1 hour ago

UK Consortium Launches Closed-Loop Battery Anode Materials Project

UK battery recycling company Altilium has secured funding under the UK government's Battery Innovation Programme to lead the REMADE project alongside Nyobolt, Talga Group and a leading automotive OEM. The project aims to establish a domestic closed-loop supply chain for low-carbon battery anode materials by recycling graphite and niobium tungsten oxide (NWO) from end-of-life batteries and manufacturing scrap. The initiative is expected to support sustainable battery production, strengthen the UK's battery supply chain and reduce reliance on imported critical materials.

1 hour ago