Jinchuan Group International Resources Co. Ltd (HK:2362) has released an update.
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Jinchuan Group International Resources Co. Ltd reported a 2% decrease in copper production and a significant 56% drop in cobalt output for the first nine months of 2024, largely due to unstable power supply and declining cobalt prices. Despite production challenges, the company increased its cobalt sales by 24% as it actively destocked inventory. This operational update highlights the company’s strategic shift towards copper production during market fluctuations.
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