21
Mar
07:20
Zangge Mining posts 40% decline in 2023 net profit
Shenzhen-listed Zangge Mining posted on Thursday a roughly 40% decline in its 2023 net profit, after seeing its lithium carbonate prices more than halve, Kallanish reports.
The firm, which mainly focuses on the production of potassium chloride and battery-grade lithium carbonate (salt lake lithium extraction route), reported CNY 3.4 billion ($472 million) in net profit.
It slightly exceeded its lithium carbonate production target of 12,000 tonnes last year, but…
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