Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. experienced a 1.77 percent profit loss compared to the first half of last year due to the sharp decline of lead and metal prices.

The Shenzhen-listed company produced lead and zinc concentrates of 145,400 tons in terms of metal from, at par with those of 2006, and smelted zinc and lead of 273,800 tons, increasing 28.53 percent from a year earlier.

Lingnan Nonfemet predicted that fast-growing automotive industry greatly would lift up the demand for zinc and lead metals in China.

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