Sinomine Resource Group (002738.SZ) strives to complete the integrated layout of 0.03 million tons/year mining, selecting and metallurgy in Africa by 2026.

On July 22, Gelunhui reported that an investor asked Sinomine Resource Group (002738.SZ) on the investor interaction platform, 'Do you plan to directly build a lithium salt factory in Zimbabwe in the next step?' The company replied that according to the company's development strategy plan, the company will continue to obtain high-quality lithium ore resources and expand the production capacity of new energy raw materials, striving to complete the African 0.03 million tons/year integrated layout of mining, selection, and metallurgy by 2026.

Gelonghui Finance04:06 ET

Guolian Securities: There is still a possibility of further decline in lithium prices in the second half of the year, and it is expected to accelerate the clearing of production capacity at that time.

Zhitong Finance and Economics App learned that Guolian Securities released a research report stating that based on the import volume of lithium salts in China from January to June, domestic production and sales of new energy, the current supply of lithium salts is still in a loose state. In the previous round of the lithium cycle, lithium resource stocks hit the bottom before lithium prices, and current lithium prices have reached the cash cost of high-cost suppliers. If the supply and demand remains loose in the second half of 2024, it is not ruled out that lithium prices may further decline, and then it is expected to accelerate production capacity clearance. In the new cycle, targets with secure resources and increasing production capacity each year are more elastic. Recommendation: Sinomine Resource Group (002738.SZ), Tianqi Lithium Corporation.

Zhitong FinanceJul 12 03:13 ET

While Institutions Invested in Sinomine Resource Group Co., Ltd. (SZSE:002738) Benefited From Last Week's 8.2% Gain, Retail Investors Stood to Gain the Most

Key Insights The considerable ownership by retail investors in Sinomine Resource Group indicates that they collectively have a greater say in management and business strategy The top 25

Simply Wall StJul 12 00:44 ET

Sinomine Resource Group: 2024 Interim Performance Forecast

Sensex a shareJul 9 12:00 ET · Announcements

Sinomine Resource Group (002738.SZ) issued a profit warning, with expected net income of 460 million yuan to 600 million yuan in the first half of the year, a decrease of 60.06% to 69.38%.

Sinomine Resource Group (002738.SZ) released its performance forecast for the first half of 2024, expecting a net income attributable to shareholders of the listed company between 460 million yuan and 600 million yuan, a year-on-year decrease of 60.06%-69.38%. In the first half of the year, the sales price of lithium compound products fell sharply compared with the previous year, due to the market fluctuations in the lithium new energy industry, resulting in a decline in the gross margin of the company's lithium new energy business. The company is actively responding to market price fluctuations by continuously reducing the comprehensive cost of its lithium new energy business through measures such as increasing production capacity and output, improving mine energy supply, and increasing raw material self-sufficiency.

Zhitong FinanceJul 9 09:04 ET

90,000, the last defense line of lithium prices? | Jianzhi Research

Has this round of liquidation just begun?

wallstreetcnJul 3 21:28 ET