Tibet Mineral Development Co. Ltd. Class ASZSE: 000762

Xizang Mineral Development: Revenue fell 43% YoY and net loss reached ¥30 million as lithium and chromite prices slumped

· Issued by Tibet Mineral Development Co. Ltd. Class A

Revenue dropped 43% year-over-year and the company posted a net loss, mainly due to lower lithium and chromite prices and volumes. The Zabuye lithium project began production but is still ramping up, while cash flow and margins declined sharply.

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