Slowing Rates Of Return At Zangge Mining (SZSE:000408) Leave Little Room For Excitement

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an

Simply Wall St18:44 ET

Zangge Mining (000408.SZ) holds a 30.78% stake in Julong Copper Industry. With the increase of resource reserves and the release of second-phase production capacity, the company's investment income will continue to increase.

On July 5th, Gelon Hui reported that Zangge Mining (000408.SZ) stated on the investor interactive platform that the affiliated company, Julong Copper Industry, has added 14.726 million tons of copper metal resources. After this filing is completed, the accumulated verified amount of copper metal resources is 25.8804 million tons, which is currently the copper mine with the highest amount of filed resources in China. In addition, Julong Copper Industry has added 1.002 million tons of associated resource molybdenum metal and 8,157 tons of silver metal. After the filing is completed, the associated resource molybdenum metal in the Julong Copper Industry mine area will reach 1.672 million tons, with an average grade of 0.019%, and the silver metal will reach 15.

Gelonghui FinanceJul 5 03:48 ET

Zangge Mining (000408.SZ): The consumption of 1.5 to 2 tons of sodium carbonate per ton of lithium carbonate.

Zangge Mining (000408.SZ) recently received a survey from a specific audience about how much sodium carbonate is needed to produce one ton of lithium carbonate. The company replied that one ton of lithium carbonate consumes 1.5 to 2 tons of sodium carbonate.

Gelonghui FinanceJul 4 04:45 ET

Zangge Mining (000408.SZ): Zangge Lithium plans to produce 10,500 tons in 2024.

On July 4, Gelonhui reported that Zangge Mining (000408.SZ) recently received specific object research on "this year's lithium carbonate production and sales plan?" The company replied that Zangge Lithium Industry plans to produce 10,500 tons in 2024, with a daily production of 40 tons currently and up to 55 tons in high production periods, while maintaining production and sales balance.

Gelonghui FinanceJul 4 04:44 ET

Zangge Mining (000408.SZ): Mamiao Cuona has a single ton power consumption of 6,000-8,000 degrees, with a production capacity of 50,000 tons.

On July 4th, Gelunhui reported that Zangge Mining (000408.SZ) recently received targeted research on the question of "What is the electricity consumption per ton of Ma Mi Cuo? Why is it lower than that of Chaerhan?" The company replied that the electricity consumption per ton of Ma Mi Cuo is 6000-8000 degrees, and the production capacity of Ma Mi Cuo is 50,000 tons. Compared with Chaerhan, Ma Mi Cuo has a larger volume and higher brine concentration, which will save some electricity consumption.

Gelonghui FinanceJul 4 04:44 ET

Huafu Securities: Significant improvement in supply in May leads to oversupply and undersupply, and lithium prices may be at the bottom-seeking stage.

During the seasonal off-season in June and July, production of iron lithium and ternary batteries may continue to decline. The proportion of downstream orders for long-term customers has increased, and the surplus highlights the possibility of continued weakness in lithium prices, currently in a bottom-finding stage.

Zhitong FinanceJun 24 02:05 ET