Hainan Mining Co

Hainan Mining forecasts a **92%–124% jump** in 2026 Q1–Q3 net profit to **CNY 600–700 million** ($89.9–104.9M), up from CNY 312 million ($46.8M) in the same period last year. The surge is primarily driven by an **116% rise in lithium prices**, a key input for its operations. Excluding non-recurring items, adjusted net profit is estimated at **CNY 50 million** for the period.

Oct 2026BigGo FinanceNews article

Hainan Mining Co., Ltd. shifts its strategic focus toward emerging sectors like **new energy, AI, and high-end manufacturing** under its 15th Five-Year Plan. The company maintains its **lithium and fluorspar businesses** as growth priorities while selectively expanding into other **critical mineral resources**. Core operations in **iron ore, oil, and gas** remain central to funding its transition and sustaining earnings.

Aug 2026SxcoalNews article

Hainan Mining, a Chinese iron ore miner, is investing **$164 million (CNY1.065 billion)** to construct a new facility producing **battery-grade lithium hydroxide**. The project aims to expand the company’s entry into lithium processing amid rising demand for electric vehicle components.

Aug 2021Mining TechnologyNews article

Hainan Mining Co Ltd is investing **$164 million** (1.065 billion yuan) to build a **battery-grade lithium hydroxide plant**, targeting the growing electric vehicle (EV) market. The move expands the company’s diversification beyond iron ore into lithium processing, capitalizing on rising demand for EV battery materials. The facility will produce lithium hydroxide, a key input for lithium-ion batteries.

Aug 2021MINING.COMNews article