Jinchuan Group International Resources Co. Ltd (HK:2362) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Jinchuan Group International Resources Co. Ltd reported a decrease in copper and cobalt production in the first half of 2024 due to challenges such as an unstable power supply and low market prices, respectively. Despite production cutbacks, they managed to sell significantly more cobalt than in the previous year, aiding in cash flow. The company also anticipates a positive financial turnaround, expecting a profit of at least US$5 million compared to a loss in the same period last year.
For further insights into HK:2362 stock, check out TipRanks’ Stock Analysis page.
