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2899: Lithium And Molybdenum Project Ramps Will Drive Future Upside

Update shared on 27 Nov 2025

Fair value Decreased 1.64%
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AnalystConsensusTarget's Fair Value
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1Y
132.5%
7D
-0.2%

Analysts have slightly reduced their fair value target for Zijin Mining Group from ¥37.84 to ¥37.22. They cite higher projected revenue growth and improved profit margins as key factors influencing this updated valuation.

What's in the News

  • Zijin Mining Group's board held a meeting on October 24, 2025, to consider feedback from directors and discuss other matters. (Board Meeting)
  • The company approved the third quarterly results for 2025 at a board meeting on October 17, 2025, and reviewed the exercise conditions for its 2023 Share Option Incentive Scheme. (Board Meeting)
  • Production has started at the Tres Quebradas lithium project in Argentina, marking a major milestone following over USD 600 million in capital expenditures. The project is expected to reach an annual capacity of 60,000 to 80,000 tonnes of lithium carbonate equivalent once fully operational. (Product-Related Announcements)
  • Zijin completed the acquisition of an 84% stake in Anhui Jinsha Molybdenum Co. Ltd., securing full control over the Shapinggou Molybdenum Mine in Anhui Province. Planned production at the mine is 22.1 thousand tonnes of molybdenum concentrate per year. (Business Expansions)

Valuation Changes

  • Fair Value Target has fallen slightly from ¥37.84 to ¥37.22.
  • Discount Rate has increased marginally from 8.76% to 8.80%.
  • Revenue Growth Projection has risen from 10.82% to 11.32%.
  • Net Profit Margin Estimate has improved to 16.07% from 15.79% previously.
  • Future P/E Ratio has decreased from 16.82x to 16.32x.

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Disclaimer

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