(Bloomberg) -- Zhejiang Huayou Cobalt Co. said it has reduced lithium output and cut costs after reporting a 49% slump in net income in the first quarter...
-- Zhejiang Huayou Cobalt Co. said it has reduced lithium output and cut costs after reporting a 49% slump in net income in the first quarter.The Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative
The company is aiming to reduce costs on purchases, manufacturing and management by 1 billion yuan this year, Vice President Wang Jun said at the briefing. Cost-cutting measures have already improved the debt-asset ratio, and operational cash flows since the fourth quarter, he said. Huayou that its Huafei, Huayue and Huake nickel projects in Indonesia were now in production, while its Arcadia lithium ore project in Zimbabwe was also operating.
Lithium Carbonate President Chen Hongliang Technological Innovations
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