Zijin Mining to miss lithium production target as prices languish

Zijin Mining's Production Outlook: Zijin Mining announced it will not meet its lithium production target of 25,000 tons for the year, despite a 46% increase in first-half earnings to approximately $2.1 billion, due to an anticipated continued glut in lithium supply and falling prices.

Market Trends and Challenges: The company highlighted that geopolitical tensions and a slowing global economy may hinder its overseas expansion plans, while predicting a medium to long-term deficit in the copper market and fluctuating gold prices amid ongoing geopolitical uncertainties.