On April 13, Tengyuan Cobalt announced that it expects net profit attributable to shareholders of the listed company for the first quarter of 2026 to reach Yuan 504 million to Yuan 558 million, representing a year-on-year increase of 308.22% to 351.95%.
During the reporting period, the company achieved solid growth in its performance, primarily due to the following reasons. First, the company maintained stable operations and established a diversified raw material procurement system, ensuring strong raw material supply security. In particular, the stable supply of secondary resources or recycled raw materials effectively hedged against the impact of fluctuations in primary ore purchases, providing support for performance growth. Second, benefiting from a significant year-on-year increase in market prices of metals such as cobalt and copper, as well as a year-on-year increase in copper product output from Tengyuan Cobalt in the DRC and continued optimization of its customer structure, the company's product sales and profitability improved substantially.
Join Mysteel's April 30 webinar to explore whether supply disruptions will drive the next leg higher for lithium and nickel markets in Q2 2026. https://www.mysteel.net/event-listings/100067-q2-2026-lithium-and-nickel-will-supply-disruptions-fuel-further-price-hikes
Edited by Cassie Li, lixiangying@mysteel.com
