2024-10-24 09:23Financial Performance - The company's cost control efforts resulted in a decrease in sales costs for copper concentrate, electrolytic copper, and gold concentrate by 4.2%, 13.1%, and 0.5% year-on-year, respectively [2] - The asset-liability ratio decreased from 59.66% at the beginning of the year to 55.38%, indicating an ongoing optimization of the capital structure [2] - The company experienced significant growth in total profit, net profit attributable to shareholders, and operating cash flow due to enhanced profitability and effective cost control [3] Market Outlook - Copper prices are expected to fluctuate widely in the short term due to a weakening global economy, but supply tightness may support prices in the medium to long term [3] - Gold prices are anticipated to remain strong due to geopolitical uncertainties and expectations of interest rate cuts, with short-term fluctuations expected [3] Project Developments - The Juno Copper Mine project is scheduled to commence production by the end of June 2026, with an average annual output of approximately 76,000 tons of copper, 19.7 tons of silver, and 1,188 tons of molybdenum [4] - The company is actively pursuing resource acquisitions and self-exploration to enhance its resource reserves during periods of mining prosperity [3] Lithium Production - The company plans to produce 25,000 tons of lithium carbonate equivalent in 2024, but production timelines for certain projects have been delayed to 2025 due to regulatory and market conditions [5] - The global demand for lithium is expected to exceed 3 million tons by 2030, driven by the growth of the electric vehicle and energy storage sectors [5] Carbon Footprint Initiatives - The company is advancing carbon footprint accounting for its copper products, with pilot projects underway to assess the carbon footprint of copper concentrate and cathode copper [6] - The carbon footprint value of cathode copper products is reported to be significantly lower than domestic and global averages, positioning the company at an international leading level [6]