Jinchuan Group International Resources Co. Ltd (HK:2362) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
For further insights into HK:2362 stock, check out TipRanks’ Stock Analysis page.
