29
Jan
08:12
Qinghai Salt Lake Industry foresees 50% drop in 2023 net profit
Shenzhen-listed manufacturer Qinghai Salt Lake Industry is forecasting its 2023 net profit to be roughly 51-48% lower, at the range of CNY 7.6 billion ($1.1 billion) to CNY 8.1 billion, Kallanish learns.
The company attributes the decline in net profit to the market price declines of its two major products: potassium chloride and lithium carbonate.
During the reporting period, the company produced approximately 36,100 tonnes of lithium carbonate a…
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Very good overview of the weekly steel market.
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