Gulf Resources Provides Detailed Overview of the Economics of its Bromine Segment
Gulf Resources, Inc. (GURE)
US:NASDAQ Investor Relations:
gulfresourcesinc.com
Company Research
Source: GlobeNewswire
SHOUGUANG, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced the following press release to provide investors with a detailed overview of the key factors impacting our bromine segment, specifically focusing on how changes in both pricing and volume have influenced performance. Similar to oil and gold, we believe our company has a relatively fixed amount of bromine available for extracting from our properties. During the COVID-19 pandemic, demand for bromine, especially for antiseptics surged. Based on numbers from Sunsirs.com, the per tonne price of bromine increased from RMB 28,017 in Q3 2020 to RMB 49,301 in Q3 2021. Bromine prices even peaked at RMB 69,500 in October 2021. However, over the next two years, prices dropped to RMB 24,200 in Q3 2023 and to RMB 17,323 in Q3 2024. Since the end of the third quarte
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News
- Gulf Resources Inc (GURE) Q3 2024 Earnings Call Highlights: Strategic Investments Amid Revenue ... [Yahoo! Finance]Yahoo! Finance
- Gulf Resources Provides Detailed Overview of the Economics of its Bromine Segment [Yahoo! Finance]Yahoo! Finance
- Gulf Resources Announces Press Release Regarding Acquisition of Salt Fields [Yahoo! Finance]Yahoo! Finance
- Gulf Resources Announces Press Release Regarding Acquisition of Salt FieldsGlobeNewswire
- Gulf Resources GAAP EPS of -$0.33, revenue of $2.24M [Seeking Alpha]Seeking Alpha
GURE
Sec Filings
- 11/19/24 - Form 8-K
- 11/19/24 - Form 10-Q
- 11/14/24 - Form NT
- GURE's page on the SEC website