Producer
Gulf Resources, Inc.
Gulf Resources, Inc. (NASDAQ: GURE; headquartered in Weifang City, Shandong Province, China; US-listed Chinese company) is one of the largest producers of bromine in China, extracting from underground brine deposits in Shandong province coastal region around Laizhou Bay. The company represents the fragmented Chinese bromine sector, which has approximately 75 producers in Weifang City alone producing ~85% of all Chinese bromine. Chinese bromine production collapsed in 2022-2024: average price fell 67.3% from 2022 to 2024 (RMB 17,561/tonne in 2024 vs ~RMB 53,700/tonne in 2022), and Gulf Resources reported a net loss of $8.2M on revenues of only $5.5M in 2024.
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Stories
What they make
1 input Gulf Resources, Inc. supplies
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