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<Research>UBS: LCE Unit Cost Guidance Largely Cut for ZIJIN MINING (02899.HK); Rating Buy
Recommend 5 Positive 8 Negative 5 |
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ZIJIN MINING (02899.HK) recently completed a change of term of management, with the team mainly composed of senior managers who have been promoted internally over the past 10-20 years, UBS published a research report saying. Compared to previous guidance, ZIJIN MINING's cost target for lithium carbonate equivalent (LCE) was generally lowered, the report added. As output expanded towards 120,000 tons, management expected overall costs to decrease through improved operational efficiency. Therefore, UBS rated ZIJIN MINING at Buy, with a target price of $47.4. AASTOCKS Financial News Website: www.aastocks.com |
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