Xinjiang Xinxin Mining profit warning for first half

Xinjiang Xinxin Mining Industry expects net profit to fall 50.8% to RMB71.8 million despite revenue rising 4.9% to RMB1.12 billion.

The decline stems from nickel cathode prices dropping 10.9% to RMB110,688 per tonne and higher production costs from using externally purchased nickel concentrate.