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The Returns On Capital At Sinomine Resource Group (SZSE:002738) Don't Inspire Confidence
In January, lithium battery companies' production scheduling improved, and the supply-demand relationship is expected to continue to improve after the Spring Festival.
① Recently released data from Shenzhen GaoGong Industry Research Institute indicates that lithium battery companies are expected to adjust their production schedules upwards in January 2025. ② A Research Report from Soochow states that production is expected to rebound rapidly after the Spring Festival, and the supply-demand relationship will continue to improve.
Soochow: The supply clearance of lithium carbonate resources is accelerating, and the price center will rise by 2025.
Overseas Lithium mines have significantly reduced production; the supply surplus situation in 2025 is improving. It is determined that lithium carbonate prices have bottomed out, and the price center for lithium in 2025 is expected to rise. Bullish on leading companies with quality resources.
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.
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 Co., Ltd.'s (SZSE:002738) Shares Bounce 32% But Its Business Still Trails The Market
