Economic Observation Network In 2026, Zhihui Mining's underground mines will enter a year of full operation, supported by high zinc prices and the promotion of acquisition projects to support performance growth.

Capacity Expansion
The underground mine (Pb12), which will only be put into operation in June 2025, will enter its first full operating year in 2026. Its high-grade ore is the core driving force for production and profit growth Pay attention to the subsequent quarterly production data.

Industry and Risk Analysis
LME zinc prices have recently broken a four-year high, with JPMorgan predicting an average price of $3400 to $3500 per ton in 2026 If the zinc price can be maintained, it will provide strong support for performance.

Promotion of company projects
In March 2026, the company acquired 60% of the shares of Xizang Dachuan Mining, and cut into the copper+molybdenum track, which is a key step for the company to transform into a multi metal platform Attention should be paid to the progress of subsequent resource exploration and integration.

The above content is based on publicly available information and does not constitute investment advice.