Humon Smelting Reports Sharp Rise in Lead Sales in 2014; Profit Up Slightly

Published: Mar 11, 2015 14:10 (GMT+8)

Save

Shandong Humon Smelting Co.’s net profit grew 7.1% year-on-year to 250 million yuan in 2014, and the company’s refined lead sales posted a 119.3% spike from 2013.

SHANGHAI, Mar. 11 (SMM) – Shandong Humon Smelting Co.’s net profit grew 7.10% year-on-year to 250 million yuan ($40.51 million) in 2014, and the company’s refined lead sales posted a 119.30% spike from 2013, according to the company’s annual report.

Humon Smelting produced 83,700 tonnes of refined lead in 2014, soaring 109.55% year-on-year, and its lead sales also surged to 83,200 tonnes. However, the company also said its lead inventories doubled to 3,985.1 tonnes.

The company’s copper production dropped 11.90% in 2014 to 54,600 tonnes, while its gold and silver output was 37.07 tonnes and 375 tonnes, up 88.70% and 87.68%, respectively.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Shandong Humon Smelting Co.2014 FY results

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

1 hour ago

【Flash | Centinela Molybdenum Output Rises Despite Lower Copper Output; Strike Impact Remains Unclear】

Centinela Concentrates produced 900 metric tonnes of contained molybdenum in the third quarter of 2026, up 12.5% from the preceding quarter, although nine-month output remained 11.5% lower year on year at 2,300 metric tonnes. Molybdenum grade increased to 0.016% from 0.014%, while recovery rose to 79.1% from 76.8%. Molybdenum sales increased 14.3% to 800 metric tonnes, despite a 4.7% decline in copper-in-concentrate output. The figures predate the post-quarter strike involving unions representing about 20% of directly employed workers, and no molybdenum loss has been quantified. Production is on a 100% mine basis, not Antofagasta’s 70% attributable share or physical concentrate mass.

1 hour ago

【Flash | Lower Grades and Recovery Hold Back Los Pelambres Molybdenum Despite Copper Rebound】

Los Pelambres produced 2,000 metric tonnes of contained molybdenum in the third quarter of 2026, down 13.0% from the preceding quarter. Nine-month output fell 23.9% year on year to 6,700 metric tonnes. Molybdenum grade declined to 0.018% from 0.019%, while recovery fell to 76.5% from 81.4%. Sales decreased 24.0% to 1,900 metric tonnes. Copper production rose 17.5% as inventories were released, but molybdenum did not recover, highlighting continuing grade and recovery constraints. The figures are on a 100% mine basis, not Antofagasta’s 60% attributable share or physical concentrate mass.

1 hour ago

【Flash | Antofagasta’s Nine-Month Molybdenum Output Falls 21% as Los Pelambres Grades Weaken】

Antofagasta plc reported third-quarter contained-molybdenum production of 2,900 metric tonnes, down 6.5% from the preceding quarter. Output for the first nine months of 2026 fell 21.1% year on year to 9,000 metric tonnes, principally because of lower molybdenum grades at Los Pelambres. The average market price rose 11.5% quarter on quarter to 33.0 United States dollars per pound, while the realised price increased 3.8% to 35.7 United States dollars per pound. Production is reported on a 100% mine basis for Los Pelambres and Centinela, not Antofagasta’s attributable share or physical concentrate mass.

1 hour ago