Leading mining company is making acquisitions! Zangge Mining is planning a change in control, and Zijin Mining Group intends to take the lead | Summary of the announcement.

Zangge Mining announced a significant notice, planning to transfer 24.72% of its shares, directly indicating a change of control, with the buyer being the mining giant Zijin Mining Group. It is worth noting that in recent years, Zangge Mining and Zijin Mining Group have made considerable moves in the expansion of lithium resources. The change of ownership of Zangge Mining to Zijin Mining Group is just one of several acquisition cases by the latter; looking at 2024 alone, Zijin Mining Group has already undertaken four large-scale acquisitions.

cls.cnJan 9 11:06 ET

Is the lithium battery industry chain about to bottom out? Insiders predict that prices are expected to rebound next year, with industry leaders emphasizing global layout | Exclusive coverage of the High Work Lithium Battery Annual Conference.

① At the 2024 High-tech Lithium Battery Annual Conference held yesterday, Zhang Xiaofei, chairman of High-tech Lithium Battery, predicted that the first quarter of next year will be the lowest price point, and in the second quarter of next year, the prices of battery raw materials will begin to rise; ② The future industry will face a more severe competitive landscape and capacity thresholds, and the solution offered by leading enterprises is to expand overseas.

cls.cnNov 20, 2024 23:02 ET

The provincial scientific and technological innovation fund invested by ganfenglithium and jiangxi state-owned enterprises is only 1x return! The fund has started recruiting GP.

The provincial science and technology innovation fund, jointly launched by Jiangxi Guokong, ganfenglithium, and swhy, has started the collection of GP. It only requires a one-time investment return, and for projects that meet the major innovation layout of Jiangxi Province, a single project sub-fund can be established, with the contribution not subject to the above ratio limit.

cls.cnNov 8, 2024 04:20 ET

Lithium prices fell, combined with SQM's performance decline, tianqi lithium corporation incurred a loss of 5.7 billion in the first three quarters, with reduced losses in Q3 compared to the previous quarter. | Interpretations

①Due to fluctuations in lithium prices and the year-on-year decline in performance of its affiliated company SQM, tianqi lithium corporation incurred a loss of 5.7 billion in the first three quarters. ②The decline in lithium prices and the misalignment of pricing mechanisms are still affecting the company, resulting in continued losses in Q3, but a reduction in losses compared to Q2. ③Regarding the 'nationalization' of SQM, currently, a lawsuit filed by tianqi lithium corporation's wholly-owned subsidiary in Chilean court is still under review.

cls.cnOct 30, 2024 11:22 ET

Upstream nickel resource development projects gradually reaching full production zhejiang huayou cobalt Q3 net profit hits historical high for the same period | interpretations

①Benefiting from the simultaneous increase in the volume and price of nickel products, zhejiang huayou cobalt's performance has stabilized, with a net profit in Q3 this year reaching the highest level for the same period in a single quarter; ②In the first three quarters of this year, zhejiang huayou cobalt's net profit has already reached 90% of the net profit for the entire previous year, and the full-year performance may exceed market expectations; ③In the first three quarters of this year, zhejiang huayou cobalt's financial expenses increased by 88.64% year-on-year, possibly related to the high corporate assets-liabilities ratio.

cls.cnOct 18, 2024 11:31 ET

Chengxin Lithium Group obtains the mining rights of Muruo lithium mine, accelerating the development of lithium mining in sichuan | Speed read announcement

①Chengxin Lithium Group acquired the Musovite lithium mine in 2021, and finally obtained mining rights three years later; ②Since the beginning of this year, listed companies have disclosed the progress of their Sichuan lithium mine projects, including Tianqi Lithium Corporation, Contemporary Amperex Technology, Great Power Mining, and Sichuan New Energy Power, indicating a potential acceleration.

cls.cnOct 17, 2024 10:29 ET