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An announcement from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) is now available.
Jinchuan Group International Resources Co. Ltd reported an operational update for the first quarter of 2025, highlighting a 6.8% increase in copper production year-on-year, driven by a shift from copper cathode to copper concentrate due to power supply issues in the Democratic Republic of Congo. However, cobalt production saw a significant decrease of 86.6% due to the temporary suspension of the SX-EW system. The company is addressing power supply challenges by installing additional diesel generators, and operations have resumed as of mid-May 2025. Despite these efforts, copper sales decreased by 9.5% compared to the previous year.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a company incorporated in the Cayman Islands, focusing on mining operations. The company primarily deals with the production and sale of copper and cobalt, with a significant focus on operations in the Democratic Republic of Congo.
Average Trading Volume: 256,987,137
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
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