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Accelerate the development of "non-lithium" projects. Sinomine Resource Group announces two investment plans with a scale exceeding 5.7 billion yuan｜Read the announcement quickly.
① Sinomine Resource Group announced today investment plans for two subsidiaries, involving Copper and Other Metals, with an intended investment scale exceeding 5.7 billion yuan. ② In fact, Sinomine Resource Group has been laying out plans for Copper mines for many years, but no revenue from Copper-related products exceeding 10% has been observed in annual reports over the years. Since the beginning of this year, the pace of advancement in Copper mining by Sinomine Resource Group has significantly accelerated.
Sinomine Resource Group (002738.SZ): The Tsumeb Smelter plans to invest in a multi-metal comprehensive recycling project with a capacity of 0.2 million tons per year.
On December 27, Gelonghui reported that Sinomine Resource Group (002738.SZ) announced that in order to implement the Global Strategy for the development of the rare Metal Sector, accelerate the development of strategic metals such as germanium and gallium, improve the company's market competitiveness, and enhance its sustainable development capabilities, its subsidiary Tsumeb Smelter will invest in the construction of a 0.2 million tons/year multi-metal comprehensive recycling project. The total planned investment for the project is 0.22251 billion USD, with a construction investment of 0.20484 billion USD. The funding sources include the Tsumeb Smelter's own funds and self-raised funds.
Sinomine Resource Group (002738.SZ): plans to invest 0.563 billion dollars in the Kitumba Copper Mine project in Zambia's Central Province.
On December 27, Gelonghui reported that Sinomine Resource Group (002738.SZ) announced that it would hold the 14th meeting of the sixth Board of Directors on December 27, 2024, to review and approve the proposal regarding the investment in the construction of the Kitumba Copper Mine project in Zambia's Central Province. The company agreed that its subsidiary, Sinomine Kitumba Minerals Company Limited (referred to as "Kitumba"), would invest in the construction of a joint project for the mining, selection, and metallurgy of the Kitumba Copper Mine, with the design scale of the mining and selection project set at an original ore capacity of 3.5 million tons.
Sinomine Resource Group Co., Ltd.'s (SZSE:002738) Stock Is Going Strong: Have Financials A Role To Play?
Soochow: The supply and demand reversal in the lithium battery industry is imminent, and a bullish outlook is strong.
Soochow Securities stated that the demand in the lithium battery industry has exceeded expectations, with a non-weak season from November to December. The demand for 2025 has been revised up to over 30% growth, and the current valuation is at the profit bottom. Industry leaders are showcasing significant technological innovation and cost advantages, with profitability set to recover first. A supply-demand reversal is imminent, and there is strong bullish sentiment.
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.
Sinomine Resource Group Co., Ltd.'s (SZSE:002738) Shares Bounce 32% But Its Business Still Trails The Market
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