The fund backed by ganfenglithium and Jiangxi Guokong has a return multiple of only 1x, starting to recruit GP for the provincial level science and technology innovation fund.
The provincial-level science and technology innovation fund, which gathers jiangxi guokong, ganfenglithium, and swhy, has initiated the collection work for GP. It only requires a one-time investment return, and for projects that meet the major innovation layout of Jiangxi Province, a single project sub-fund can be established, with the investment not subject to the above proportion limit.
Zijin Mining Group plans to build another overseas mine with an investment exceeding ten billion yuan, expecting to produce 0.1 million tons of copper and 3.8 tons of gold annually. | Quick read announcement
1. Zijin Mining Group once again took a major overseas copper-gold mine with an investment of over 10 billion yuan; 2. Expected annual copper production of 0.1 million tons and gold production of 3.8 tons.
The lithium carbonate market is stable with an upward trend, and institutions predict that the inflection point of lithium salt inventory is about to come.
Shanghai Ganglian E-commerce Holdings released data shows that on November 1st, lithium carbonate prices rose by 1000 yuan compared to the previous day, with an average price of 0.074 million yuan/ton. According to E-business Society, the recent lithium carbonate market has shown a stable and rising trend, mainly due to the enhanced purchasing willingness downstream.
Rare earth mining in Myanmar remains stagnant, china northern rare earth has raised its listing price for three consecutive months, industry insiders believe the industry is expected to rebound | Industry News
①Following the 'high hanging' of rare earth product listing prices in September and October, China Northern Rare Earth continued to slightly raise the listing price in November; ②The increase in the listing price of China Northern Rare Earth in November narrowed compared to the previous month, possibly related to the high opening and low closing of the 'golden September and silver October' market; ③HTSC believes that the suspension of mining in Myanmar may lead to a shortage of medium and heavy rare earth supply, with significant difficulty in resuming supply within the year.
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
① In the third quarter, losses in the steel industry intensified, with 21 out of 27 listed steel smelting companies recording losses, totaling over 14.5 billion yuan in losses, the quarterly loss total approaching last year's full year. ② Industry insiders believe that the main reason for the losses is the steel industry's own overcapacity, poor industry self-discipline, failure to actively limit production, product oversupply, continuously declining steel prices, slow decline in raw materials, and severe industry profit compression.
Lithium prices fell, coupled with SQM's performance decline, tianqi lithium corporation incurred a loss of 5.7 billion in the first three quarters, with a reduced loss in Q3 compared to the previous quarter. | Interpretations of financial reports
① Due to fluctuations in lithium prices and a year-on-year decline in the performance of its affiliate SQM, tianqi lithium corporation incurred a loss of 5.7 billion in the first three quarters; ② The impact of falling lithium prices and misalignment of pricing mechanisms persists, with the company continuing to incur losses in Q3, but reducing losses compared to Q2; ③ Regarding the "nationalization" of SQM, tianqi lithium corporation's wholly-owned subsidiary's lawsuit filed in the Chilean court is still under review.