03
Nov
06:07
Qinghai Salt Lake Industry's Q3 profit plummets despite record production rate
Shenzhen-listed Chinese lithium brine extraction giant Qinghai Salt Lake Industry reported a new record daily lithium carbonate production volume, but a sharp decline in its Q3 net profit, Kallanish learns.
Net profit in the July-September period sunk 82.83% on-year to CNY 502 million ($69m), despite a milder decline (6.47%) in revenues to CNY 5.38 billion. In the first nine months of the year, the company’s net profit dropped 53.65% on-year to CNY 5.6 billi…
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Anonymous
Very good overview of the weekly steel market.
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