SMM: recently, Tibet Mining Development Co., Ltd. released the first quarter of 2020 results forecast. During the reporting period, a loss of 1700-25.5 million yuan was recorded in the first quarter of 2020, a decrease of 6638.46%-9907.69% compared with the same period last year.
The main reason for the change in performance: the company's main products chromite, lithium salt market continues to be in the doldrums, and sales are not smooth, sales significantly reduced year-on-year, resulting in losses.
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