Baodi Mining: The company's main business is the mining, beneficiation, and processing of iron ore and the sale of iron concentrate.

NightAirdropper · 2026-04-04T04:08:26+00:00

Baodi Mining stated that the commencement of the Xinjiang-Tibet Railway will boost demand for construction steel in Xinjiang, thereby affecting raw material demand in the iron ore market and promoting the company's performance growth.

NightAirdropper

2026-04-04 04:08:26

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Daily Economic News AI Express: There are questions from an investor on the investor interaction platform: The New Xizang Railway has already started construction—does it have any impact on the performance of Baodi Mining?

Baodi Mining (601121.SH) stated on April 1 on the investor interaction platform that the company’s principal businesses are the mining of iron ore, beneficiation processing, and the sales of iron concentrate. The main use of iron concentrate is as a raw material for steel production. After the company’s products are processed by downstream smelting companies into corresponding metal products, they can be widely applied in social and economic sectors such as infrastructure, manufacturing, and real estate. Multiple major infrastructure projects in Xinjiang have started, which are expected to provide support for the demand for construction steel within the region, thereby affecting the demand for iron ore market raw materials.

(Reporter: Bi Luming)

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