Sinomine Resource Group (SHE:002738) forecasts first-half attributable net profit of between 65 million yuan and 90 million yuan, compared with 473.0 million yuan the previous year.
The up to 86% fall is due to lithium price declines and a 200-million-yuan loss at its Namibia copper smelter, according to a Tuesday filing with the Shenzhen bourse.
Shares of the miner closed 4% lower Tuesday.
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