13
Aug
04:59
China's Zangge sees H1 net profit fall 36%
Chinese miner Zangge Mining has posted a 36% drop in its net profit during the first half of this year amid waning lithium carbonate prices, Kallanish learns.
According to its financial report released on Monday, net profit reached CNY 1.3 billion ($181 million). The operating income of its lithium carbonate business fell 43.4% to CNY 634 billion; the gross profit margin of this segment was down 31.69% y-o-y, reaching 50.28%.
During H1, lithium price …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous