Jinchuan Group International Resources Co. Ltd (HK:2362) has released an update.
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.
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