Mount Qomolangma in Tibet is expected to have a net profit of more than 390 million in the first half of the year to actively promote the

On the evening of July 13, Mount Qomolangma (600338) in Tibet issued a semi-annual performance advance announcement for 2021, which is expected to achieve a net profit of 390 million yuan to 430 million yuan belonging to shareholders of listed companies in the first half of the year, an increase of 225.05% and 258.39% over the same period last year.

Everest in Tibet said that the pre-increase in the first half of the year was mainly due to higher prices of lead, zinc and copper in the non-ferrous metals industry compared with the same period last year. In addition, since 2021, the production capacity recovery progress of Tazhong Mining Co., Ltd., a wholly owned subsidiary of the company, as well as the output and sales volume of concentrate products are in line with the annual production and operation plan.

The data show that the main business of Mount Qomolangma in Tibet is the mining and production of lead-zinc polymetallic mines, and the sale of lead concentrate (containing silver), zinc concentrate and copper concentrate (containing silver). At the same time, the company is actively promoting the investment and construction of its Argentine new energy storage metal lithium salt lake company. After the completion of the first phase of the project, the annual output of lithium salt products will not be less than 27500 tons of lithium carbonate equivalent (LCE). The exploration and development of lithium salt lake resources and the production and sales of lithium salt products will become one of the company's new main businesses.

It is reported that Tibet's Mount Qomolangma plans to complete mining capacity of 3.13 million tons, ore production capacity of 3 million tons, mineral processing capacity of 3.2 million tons, and metal concentrate production of 142100 tons. Among them: 56300 tons of lead, 83900 tons of zinc, 1800 tons of copper and 96.59 tons of silver. The planned output of lithium-rich brine is 8000 tons, lithium-rich brine contains 5.5-6% lithium, and lithium carbonate equivalent is 2500 tons.