Zijin Mining Profit Jumps 15-fold in First Quarter_SMM

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Home / Metal News / Copper / Zijin Mining Profit Jumps 15-fold in First Quarter

Zijin Mining Profit Jumps 15-fold in First Quarter

Apr 19, 2017 11:38

CST

Source:SMM

Zijin Mining Group released its earnings report for the first quarter of the year April 18, and expects net profit to rise 1,400-1,500% year-on-year to 1 billion yuan.

SHANGHAI, Apr. 19 (SMM) - Zijin Mining Group released its earnings report for the first quarter of the year April 18, and expects net profit to rise 1,400-1,500% year-on-year to 1 billion yuan.

The company’s copper and zinc output and sales were both up on a yearly basis, and non-recurring income increased noticeably. Metals prices advanced on a yearly basis in the first quarter.

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Canadian lithium salt company Neo Lithium disclosed an announcement on October 9 that Zijin Mining has agreed to acquire all the issued shares of Neo Lithium at C$6.50 per share. The total consideration is about C$960 million (approximately 4.96 billion yuan).

Oct 9, 2021 14:07 timezone

CST

Industry News

Zijin Mining Group Plans to Acquire a lithium salt producer Neo Lithium by Spending 5 Billion yuan

Operating rates at lead-acid battery makers were stable this week

Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces remained unchanged from May 14 at 74.21% as of Friday May 21.

May 21, 2021 17:47 timezone

CST

Data Analysis

Operating rates at lead-acid battery makers were stable this week

Primary lead smelters operating rates rose to 61.3% this week

Operating rates across primary lead smelters in Henan, Hunan and Yunnan provinces increased 3.6 percentage points from the previous week to 61.3% in the week ended May 21, showed an SMM survey.

May 21, 2021 17:29 timezone

CST

Data Analysis

Primary lead smelters operating rates rose to 61.3% this week

Silicon social inventories extended declines this week

Social inventories of silicon metal across Huangpu port, Kunming city and Tianjin port declined 3,000 mt from the previous week to 36,000 mt as of Friday May 21, SMM data showed.

May 21, 2021 16:52 timezone

CST

Data Analysis

Silicon social inventories extended declines this week

Shanghai bonded refined nickel stocks remained unchanged on week

Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 8,700 mt as of May 21, showed SMM data.

May 21, 2021 16:20 timezone

CST

Data Analysis

Shanghai bonded refined nickel stocks remained unchanged on week

China LiCoNi Summit 2021: Recycled nickel metal is expected to reach 62,000 gold mt in 2030

In the case of the COVID-19 outbreak last year, the global sales of new energy vehicles can still grow against the trend.

May 21, 2021 16:00 timezone

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China LiCoNi Summit 2021: Recycled nickel metal is expected to reach 62,000 gold mt in 2030

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New energy industry becomes nickel price driver amid weaker logic of pure nickel substitution by NPI, said Darius Li, senior nickel analyst at SMM.

May 21, 2021 15:58 timezone

CST

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China's cobalt consumption structure shifted from traditional industry to battery industry, said Serafina Huo, cobalt senior analyst, SMM, citing the flow of cobalt raw materials in China shifted from alloys and magnetic materials to LCO and ternary batteries from 2000 to 2020, and the demand for cobalt from battery sector accounted for 57% in 2020.

May 21, 2021 12:28 timezone

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SMM Evening Comments (May 20): Nonferrous metals on the SHFE fell broadly, nickel tumbled 3.7%

SHFE nonferrous metals declined for the most part on Thursday. Copper fell 2.02%, aluminium lost 1.85%, zinc plunged 2.34%, nickel tumbled 3.7% and tin slid 2.04%, while lead gained 0.99%.

May 20, 2021 17:27 timezone

CST

SMM Comments

SMM Evening Comments (May 20): Nonferrous metals on the SHFE fell broadly, nickel tumbled 3.7%

The impact of power curtailment of China Southern Power Grid on southern copper industry chain

It is reported that plants in Yunnan and Guangdong have been required to stagger power consumptionrecently due to tight electricity supply. Yunnan and Guangdong are two main production areas of copper cathode, and how will this move affect southern copper industry chain?

May 20, 2021 11:35 timezone

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The impact of power curtailment of China Southern Power Grid on southern copper industry chain

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