Dazhong Mining Co., Ltd. Dazhong Mining Co., Ltd. (001203.SZ), formerly Inner Mongolia Dazhong Mining Co., Ltd., engages primarily in iron ore mining and dressing; it produces and sells iron ore concentrate powder, iron pellets, machine-made sand, and gravel, with additional by-products including zinc concentrate, sulfuric acid, sulfur concentrate, bentonite, lead concentrate, and roasted iron powder. These products serve mainly as raw materials for steel production enterprises in the domestic Chinese market. Founded in 1999 and headquartered in Baotou City, Inner Mongolia Autonomous Region, China, the company operates key mining assets in the region, employs approximately 3,780 people, and focuses on solid mineral resource extraction within the materials sector. Recent strategic developments include a name change to Dazhong Mining Co., Ltd. in August 2024 to reflect its evolving business scope; ongoing implementation of a CNY 1.1 billion acquisition of Inner Mongolia Jinhui Rare Mineral Co., Ltd. announced in 2023, expanding into rare minerals; successful bidding by subsidiary Dazhong New Energy for prospecting rights to the Jiada Lithium Mine in Sichuan in August 2024 at CNY 4.2 billion; obtainment of a mining license for the wholly-owned subsidiary's Hunan Jijiaoshan Lithium Mine in October 2025, with proven reserves of 489.872 million metric tons; approval of the Adda Lithium Mine development plan; a planned CNY 1 billion investment in a lithium metal materials plant in Linwu County, Hunan, targeting 3,000 tons annual capacity in phases through 2028; share repurchase programs completed in 2025 totaling over CNY 200 million for about 1.35% of shares; and issuance of convertible bonds with related updates on redemptions and conversions. The company maintains operations predominantly in China, with diversification into lithium and battery materials amid industry shifts toward new energy resources.