According to a research report by Kaiyuan Securities on June 20th, Zijin Mining Group (601899.SH) is one of the largest multinational mining conglomerates and leading companies in China's nonferrous metals industry. Currently, the company has investment projects in 15 countries worldwide and 17 provinces and cities in China, and is one of the enterprises with the most metal mineral resources in the country. Among them, copper, gold, and zinc (lead) output are all in a leading position in China. With the continuous increase in production of copper and gold projects under the company, and the active layout of lithium resources, the company's future performance growth is bullish. It is given a "buy" rating for the first time. Currently, the first phase of the Xiangyuan hard rock lithium mine has reached production and is pushing forward the second phase of the project landing. The 3Q salt lake and Lago Lake salt lake projects are also being orderly promoted and are expected to form a production capacity of 120,000 to 150,000 tons in 2025. Against the background of rapid development in the new energy industry, the company's layout in the lithium project is expected to form a new performance growth momentum.