Shanghai Nonferrous Metals News
According to Zhangyuan Tungsten’s Q3 report, the company made a profit of RMB58.59 mln in Q3 2020, up by169.52% y-o-y. According to the company, the spread of Covid-19 has constrained the overseas market and suppressed tungsten prices. During the reporting period, the company took measures to reduce costs, adjust sales structures and see positive growth in gross profits. It is estimated that net profits attributable to shareholders of the listed company ranges from -RMB28 mln to RMB57 mln.