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Jinshi Resources announced that Inner Mongolia Jin'ebo Fluorochemical Co., Ltd., its holding subsidiary with a 51% stake, had previously suspended production temporarily in accordance with work safety requirements. The company has now completed all safety rectification work and successfully passed the acceptance inspection by emergency management departments at all levels, and is scheduled to resume formal production on November 12, 2026.
The production suspension will impact performance, with the annual output expectation of anhydrous hydrofluoric acid lowered
The announcement noted that the production suspension will have a significant impact on the company's performance in the third and fourth quarters and the full year.
Due to the drag of the production suspension period, the annual output of anhydrous hydrofluoric acid from Jin'ebo Fluorochemical is expected to be adjusted to around 150,000 tons. Anhydrous hydrofluoric acid is a core raw material in the fluorochemical sector chain and a key product in Jinshi Resources' Baotou "mineral processing-chemical integration" segment. The output reduction will immediately affect the full-year production and revenue scale of the fluorochemical segment.
Upstream mineral processing maintains stable production, with sufficient fluorspar powder inventory
It is worth mentioning that during the suspension of Jin'ebo Fluorochemical, its supporting upstream project, Baogang-Jinshi Mineral Processing, maintained its healthy production rhythm and was not affected. Based on the current progress, Baogang-Jinshi Mineral Processing is expected to achieve its annual production target of 700,000 to 750,000 tons of fluorspar powder.
As of the end of October, the combined fluorspar powder inventory of Baogang-Jinshi Mineral Processing and Jin'ebo Fluorochemical is approximately 550,000 tons. The sufficient raw material reserve will provide raw material guarantee to the continuous and stable production of Jin'ebo Fluorochemical after resuming production.
Implement security responsibilities of the main entity, ensure subsequent stable operation
The announcement stated that after Jin'ebo Fluorochemical resumes production, Jinshi Resources will continue to urge the enterprise to strictly fulfill its main responsibility to work security, carry out regular hidden danger investigations and on-site regulation, abide by security regulation norms, ensure the safe and stable operation of the production facilities, steadily emit production capacity, and smoothly connect with downstream customers to supply.
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