On October 12th, GeLongHui | Minsheng Securities research reports point out that zangge mining (000408.SZ) has three drivers of potassium, lithium, and copper, all three business sectors showing significant growth. The potassium fertilizer price has limited downside, significant cost advantage in the lithium carbonate business, and the expansion project of JL23 opens up growth space. In February 2024, the JL2 expansion project was approved, with plans to start production by the end of 2025. After reaching full production, JL mine's copper output will increase to 0.3-0.35 million tons. After the third phase project starts production, JL's copper mine's annual capacity will increase to 0.6 million tons, with the company's equity copper production capacity increasing to 0.185 million tons, showing significant growth elasticity in the copper sector. Continuing with the mid-term dividends in 2024H1, by the end of 2024H1, the company's asset-liability ratio was only 5.2%, and the high dividend policy is expected to continue. The company is expected to have a net profit attributable to the parent company of 2.43, 2.48, and 4.36 billion yuan from 2024 to 2026, corresponding to PE ratios of 17, 16, and 9 times the closing price on October 11th, maintaining a "recommended" rating.