Xizang Zhufeng Resources Co.,Ltd. (China)

Tibet Summit Resources Co., Ltd. is a company located in Shanghai, China. The company specializes in the smelting of non-ferrous metals such as zinc and indium, as well as the production and sale of related products. Due to factors such as a shortage of working capital, limited procurement channels, and mine closures, the company has experienced an increase in raw material procurement prices, resulting in a narrowing of processing fee differentials. In order to quickly recover funds, the company has adopted a prepayment method for zinc ingot sales, which has led to less than ideal sales prices and a weak ability to respond to market price fluctuations. To address these challenges, the company plans to increase the purchase of miscellaneous ores, which have larger deductions for processing fees, in order to improve overall processing fee levels. They also aim to strengthen safety and environmental protection measures, carry out technical transformations and maintenance, and control costs and expenses. Additionally, the company will focus on organizing production in a rational and scientific manner, improving equipment and facility utilization, and increasing communication with downstream customers and industry peers to enhance information sources and better judge spot price trends. Internally, they will allocate positions reasonably, while externally, they will actively explore financing channels. The company is also actively promoting major asset restructuring to fundamentally address issues such as the supply of zinc concentrate raw materials, capital shortages, and weak profitability in their main business.