Jinchuan Group International Resources Co. Ltd (HK:2362) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.