1.427 billion yuan, 5.655 billion yuan and 3.42 billion yuan, a year-on-year decrease of -25.75%, 523.6%, 296.19% and -39.52% respectively.
In the past two years, the price of lithium carbonate has continued to fall, and the performance of Zangge Mining has also been affected to a certain extent.
In the first three quarters of last year, Zangge Mining achieved operating income of 2.324 billion yuan, a year-on-year decrease of 44.53%; net profit attributable to shareholders was 1.868 billion yuan, a year-on-year decrease of 37.08%.
Zijin Mining is a large mining group mainly engaged in the namibia telegram data exploration and development of gold, copper, zinc and other basic metal mineral resources. In recent years, it has increased its layout in lithium resources through mergers and acquisitions.
Since 2021, Zijin Mining has begun to deploy in the field of lithium resources, and has currently deployed "two lakes and two mines" , including Argentina's 3Q Salt Lake, Tibet's Lagocuo Salt Lake, Hunan Dao County's Xiangyuan Lithium Polymetallic Mine, and Manono Lithium Mine.
As of the first half of 2024, Zijin Mining's equity resources of lithium carbonate equivalent are 13.4656 million tons, and it plans to have a lithium LCE production capacity of 250,000-300,000 tons by 2028.
However, due to the delay in the processing of project title certificates and the continued low price of lithium carbonate, Zijin Mining has currently postponed the start of production of the Argentina 3Q project and the Tibet Lago Co project to 2025.
Industry executives widely expect Goldman Sachs Group Inc. to offer higher bonuses to some of its trading divisions.