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Western Securities: Oligopoly Era, Potash Fertilizer Size Cycle Resonates Again.
On a large scale, the global supply of potassium fertilizer exceeds demand, relying on trade regulation; on a small scale, the cost of marine transportation has increased, making short-term potassium fertilizer prices prone to rise but difficult to fall.
There May Be Some Bright Spots In Zangge Mining's (SZSE:000408) Earnings
Zangge Mining (000408.SZ): As of August 9, the company has 36,050 investors.
On August 14th, Gelunhui reported that the number of investors in Zangge Mining (000408.SZ) as of August 9th, 2024 was 36,050.
Zangge Mining H1 Profit Falls 36%, Operating Income Down 37%
Zangge Mining (000408.SZ): The second phase expansion project of Jilong Copper Mine has been approved by the relevant departments.
Zangge Mining (000408.SZ) disclosed its investor relations activity record, showing that the Julong Copper Mine Phase II expansion project has received approval from relevant departments. The project is expected to achieve trial production in the first quarter of 2026, and the total annual mining ore volume of the first and second phases will exceed 0.11 billion tons, with an annual copper production of 0.3-0.35 million tons, making it the domestic and global largest copper mine in terms of mining scale, and the largest single copper mine to start production this century.
Zangge Mining (000408.SZ) sold 0.4005 million tons of potassium chloride in the second quarter, an increase of nearly 187% compared to the previous quarter.
On August 12, Gelunhui reported that Zangge Mining (000408.SZ) released an investor relations activity record table, which showed that since the second quarter, external market prices of potassium fertilizer have rebounded, and the company has continued to promote the global strategy of stable production and supply of potassium fertilizer. The production of potassium chloride was 0.3642 million tons in the second quarter, an increase of approximately 130% compared to the previous period; Sales volume was 0.4005 million tons, an increase of nearly 187% from the previous period.
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