Chemical branch: hold an analysis meeting on production and operation in the first half of 2021

Published: Jul 22, 2021 16:15

On July 20, the Chemical Branch held an analysis meeting on production and operation in the first half of 2021 to comprehensively summarize the results of the work in the first half of the year, analyze the existing problems and gaps, and arrange tasks for the second half of the year. More than 30 people attended the meeting, including the leading group of the branch, the head of the production area, the head of the department, accounting and so on.

At the meeting, the five production areas reported on operating targets and cost completion, highlights, existing problems and deficiencies, follow-up measures and implementation plans from January to June. The production and Operation Department, the Finance Department, the Ministry of Safety and Environmental Protection and other relevant functional departments respectively made special reports on economic operation, financial operation, and the promotion of key work. In combination with the work in charge, the members of the leading group commented on the work in the first half of the year and made arrangements for the key work in the second half of the year.

In the first half of the year, the branch paid close attention to the theme of high-quality and cost-effective development, closely focused on the main line of "stabilizing production, adjusting structure, increasing new products, and reducing costs", and made more efforts in the aspects of production efficiency, management improvement, cost reduction and efficiency, environmental protection upgrading, and so on. The output of the three main products, ammonium molybdate, molybdenum disulfide and high purity molybdenum trioxide, increased by 1.0%, 1.5% and 0.2% over the same period last year. The output of ammonium molybdate and molybdenum disulfide completed 50.38% and 50.70% of the company's annual plan, and the total cumulative profit increased by 123% over the same period last year.

The meeting pointed out that it is not easy to achieve business results in the first half of the year, and while fully affirming it, we should also cherish it. On the basis of comprehensive summary and analysis, we should adhere to goal-oriented, problem-oriented, and result-oriented, practice the "seven-character work style," and strive to build a contingent of management cadres who "want to do things, are capable of doing things, can do things, accomplish things, and have no accidents."

With regard to the implementation of various tasks in the second half of the year, the meeting put forward four requirements: first, to strengthen due diligence in performing their duties, to organize production meticulously to ensure the progress of target tasks; second, to implement fine control, strictly control the unit consumption of auxiliary materials, and to start from the key points. face up to the targeted treatment of problems and solve bottlenecks; third, firmly establish the concept of "everyone is an operator and manager", focus on improving the quality of management; Fourth, we should cherish jobs, strive to improve the level of business skills, and achieve a win-win situation of self-worth and enterprise development in hard and down-to-earth work.

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
Critical Metals Targets Tantalum Recovery in Proposed Tanbreez-to-Romania Refining Chain
1 hour ago
Critical Metals Targets Tantalum Recovery in Proposed Tanbreez-to-Romania Refining Chain
Read More
Critical Metals Targets Tantalum Recovery in Proposed Tanbreez-to-Romania Refining Chain
Critical Metals Targets Tantalum Recovery in Proposed Tanbreez-to-Romania Refining Chain
[SMM Flash] Critical Metals Corp reported further metallurgical results for its Tanbreez rare-earth project in Greenland, with testwork achieving more than 99% dissolution of eudialyte concentrate. The company's proposed Romanian joint-venture refinery is being designed to process up to 100,000 tonnes/year of eudialyte concentrate and produce 19 high-purity rare-earth and critical-metal products, including tantalum pentachloride (TaCl₅), niobium pentachloride and other products. The development is relevant to tantalum because it introduces potential recovery of a processed tantalum chemical within a proposed Greenland-to-Europe critical-minerals supply chain. Critical Metals currently models potential annual refinery revenue of approximately US$1.8–2.2 billion, but these figures and the proposed product slate remain forward-looking company estimates rather than established commercial production. Further engineering, feasibility work and project execution will therefore be required before the proposed tantalum output can be considered future supply.
1 hour ago
Latrobe Magnesium Suspends Trading for Major Financing, Aiming to Boost Magnesium Production
2 hours ago
Latrobe Magnesium Suspends Trading for Major Financing, Aiming to Boost Magnesium Production
Read More
Latrobe Magnesium Suspends Trading for Major Financing, Aiming to Boost Magnesium Production
Latrobe Magnesium Suspends Trading for Major Financing, Aiming to Boost Magnesium Production
【SMM Magnesium Flash】On September 18th, Latrobe Magnesium applied to the Australian Securities Exchange and received approval to suspend trading, pending a major financing announcement. The suspension will continue until the financing details are announced or trading resumes on September 22nd. This move indicates that the company is advancing substantial capital raising to provide financial support for its magnesium project construction. If the financing is successfully implemented, it is expected to accelerate the production process of its 50,000-ton annual magnesium plant in South Carolina, USA, and its demonstration plant in Australia, providing a new supply source for the western magnesium supply chain.
2 hours ago
Cost-Inventory Game, Market Consolidates to Find Bottom [SMM Magnesium Weekly Data]
4 hours ago
Cost-Inventory Game, Market Consolidates to Find Bottom [SMM Magnesium Weekly Data]
Read More
Cost-Inventory Game, Market Consolidates to Find Bottom [SMM Magnesium Weekly Data]
Cost-Inventory Game, Market Consolidates to Find Bottom [SMM Magnesium Weekly Data]
[Cost-Inventory Game, Market Consolidating to Find Bottom] This week, dolomite prices remained stable. Magnesium ingot prices, affected by coal and ferrosilicon, fell first and then rebounded slightly, but high social inventory kept supply pressure in place. Foreign trade FOB prices followed the domestic decline, overseas demand fell short of expectations, the September-October peak season failed to materialize, traders stayed on the sidelines, and downside was limited. Magnesium powder fluctuated with magnesium ingot, with only rigid-demand small orders. Although magnesium alloy smelting saw production cuts, inventory piled up, die-casting operations were weak, orders were insufficient, and processing fees were under pressure. End-use demand showed no improvement, and the magnesium market is expected to maintain a fluctuating trend in search of a bottom in the short term.
4 hours ago