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Zangge Mining (000408.SZ): has cumulatively repurchased 0.36% of shares.
Gelonghui, January 2, Zangge Mining (000408.SZ) announced that as of December 31, 2024, the company has cumulatively repurchased 5,688,528 shares of the company through a dedicated securities account for share buyback via centralized bidding, accounting for 0.36% of the total share capital. The highest Fill Price was 30.51 yuan/share, the lowest Fill Price was 22.65 yuan/share, and the total amount of the transactions was 0.151 billion yuan (excluding transaction fees).
Huafu Securities: In November, terminal demand exceeded expectations, leading to a short-term correction in lithium prices.
In November, driven by unexpected terminal demand, the production of cathodes increased significantly, boosting the demand for spot procurement of lithium carbonate. The upstream lithium salt factories have a strong sentiment to maintain prices, and the Quote has been significantly raised.
Is Zangge Mining Company Limited (SZSE:000408) Potentially Undervalued?
Huachuang Securities Starts Zangge Mining at Add With 33.30 Yuan Price Target
Research Reports highlight the opportunity | Huachuang Securities: Initiates a "Recommended" rating for Zangge Mining, with a Target Price of 33.3 yuan.
Huachuang Securities Research Reports point out that Zangge Mining (000408.SZ) is an important domestic producer of potassium lithium salts and Copper, providing high dividends to Shareholders. The company is actively laying out high-quality potassium fertilizer resources both domestically and internationally: domestically steadily advancing the three major projects of the Dalangtan Heibei Potassium Salt Mine, the Jianshishan Potassium Salt Mine, and the eastern section of the Xiaoliangshan-Dafengshan area deep brine potassium salt mine, with a total exploration right area of 1,400 square kilometers; overseas, a potassium salt exploration agreement has been signed with Laos, and the exploration report and potassium salt mine reserve certificate have been obtained. The estimated total amount of potassium chloride resources within 157.72 square kilometers in Setani County and Ba'e County is 0.984 billion tons, with the first phase potassium chloride project expected.
gtja: The lithium price has bottomed out by the end of 2024, and it is expected to fluctuate in the bottom range in 2025.
Due to the time lag in the construction of lithium projects, the overall upstream lithium capacity expansion is lagging behind the rise in lithium prices, and there are still a large number of projects awaiting implementation for expansion.
Some Zangge Mining Company Limited (SZSE:000408) Analysts Just Made A Major Cut To Next Year's Estimates
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