01258 CHINFMINING
- 5.060
- +0.030+0.60%
CHINFMINING News
Express News | Ningxia Orient Tantalum Industry: The actual controller China Nonferrous Metal Group signed a cooperation agreement for the acquisition of the mining project.
Express News | China Nonferrous will acquire a Brazilian tin mining company, with ai boosting demand prospects.
If inflation resurges, gold, crude oil product, and copper will likely not withstand it.
Since the usa election, gold, crude oil product, and copper have all declined. If Trump 2.0 brings inflation back, resisting inflation will not be easy.
Cancellation of aluminum and copper material export tax rebates; domestic and international prices show differentiation; leading enterprises accelerate overseas layout.
① Following the announcement of the cancellation of export tax rebates for aluminum and copper materials, aluminum prices showed a trend of "strong externally, weak internally"; ② In the long term, this will drive the industry to focus on high value-added product areas and the overseas expansion of enterprises.
CSI Commodity Equity Index: In October, the commodity price index rose to 113.4, a 3% increase from the previous month.
China Logistics and Purchasing Federation released the csi commodity equity index for October at 113.4, with a monthly increase of 3%, indicating improvements in market supply and demand and accelerated corporate production activities. Specifically, the price index rose mainly due to general increases in the price indices of black metals, nonferrous metals, minerals, chemicals, and energy and other major industries, indicating that current market demand is gradually recovering and economic vitality is being enhanced.
Copper Expected to Get Election Day Boost -- Market Talk
Hong Kong stocks are moving differently | Copper stocks rebounded in early trading, limited downside space for bulk metal prices, strong macro sentiment providing solid support for copper prices.
Copper stocks rebounded in the morning, as of the press time, mmg (01208) rose by 7.69%, to HK$2.94; chinfmining (01258) rose by 5.23%, to HK$5.83; jiangxi copper (00358) rose by 4.89%, to HK$13.74; zijin mining group (02899) rose by 2.65%, to HK$17.02.
Express News | Copper: Pulling back in continuation, trading time for space.
[Brokerage Focus] Guosen maintains the 'outperform the market' rating of Chinfmining (01258), indicating its potential to fully benefit from the profit elasticity brought by the rise in copper prices.
Jingu Financial News | Guosen Securities issued research reports, stating that Chinfmining (01258) produced approximately 0.0959 million tons of cathode copper (including copper product processing services) in the first three quarters, a decrease of about 13% year-on-year. The company is estimated to achieve a net income attributable to the mother of approximately 0.314 billion US dollars in the first three quarters, a year-on-year increase of about 23%. In quarters 1/2/3 of 2024, it achieved a net income attributable to the mother of approximately 0.084/0.135/0.095 billion US dollars respectively. The bank mentioned that the company produced approximately 0.0877 million tons of crude copper and anode copper from its own mines in 2023, and approximately 0.0817 million tons of cathode copper from its own mines, totaling approximately 16.93.
China Nonferrous Mining Expects 23% Jump in Nine-Month Profit
chinfmining (01258) estimates that the company's attributable profit for the first three quarters is approximately 0.314 billion US dollars, an increase of about 23% year-on-year.
chinfmining(01258) announced that as of September 30, 2024, for the nine months ending, the Group: cumulative production...
chinfmining (01258.HK) estimated that the profit growth attributable to shareholders in the first three quarters increased by about 23%.
October 22, Glorun 丨 chinfmining (01258.HK) announced that as of September 30, 2024, the group estimated that the profit attributable to the company's owners was approximately $314 million, an increase of about 23% year-on-year. The main reason for the year-on-year growth of economic indicators is the rise in international copper prices.
Express News | Enter 6 central enterprises, the SASAC party committee inspection team carries out the second round of inspections in 2024.
Hong Kong stocks are on the move | Copper stocks are generally rising, the peak consumer season is coming early, Citigroup is bullish on future copper prices.
Copper stocks are generally rising, as of the time of publication, mmg (01208) rose by 4.48%, to 2.8 Hong Kong dollars; chinagoldintl (02099) rose by 3.63%, to 38.5 Hong Kong dollars; chinfmining (01258) rose by 1.58%, to 5.79 Hong Kong dollars.
Base Metals Fall But Copper Prices Should Hold Up, BMI Says -- Market Talk
BHP Group Ltd: Global copper demand is expected to increase by an average of 1 million tons per year by 2035.
BHP Group Ltd released a report stating that, benefiting from the widespread adoption of copper-intensive technologies, global copper consumption is expected to increase by an average of 1 million tons per year by the year 20235, double the average annual increase of the past 15 years; At the same time, the growth of copper mine output will be constrained by high costs and declining ore grades.
Copper prices surpassed the $10,000 mark, with producers warning of supply shortages in the next decade.
Analysts believe that even if the price of copper rises, it may not be enough to attract sufficient investment. This is because the development cycle of new mines is usually long, sometimes even exceeding ten years.
China stimulates the global csi commodity equity index: London copper 'breaks ten thousand', iron ore 'breaks one hundred'!
In recent trading days, with the multiple measures of China's monetary and fiscal stimulus policies, not only has it driven the A-share market to soar, but it has also helped some global csi commodity equity index, showing a rebound similar to a "dragon wagging its tail"... On Thursday, London copper steadily rose above the $10,000 integer mark, Singapore iron ore futures reclaimed the 100 mark, and spot silver prices reached a 12-year high!
Sudden move hits | Copper stocks collectively rise, chinfmining up nearly 6%, interest rate cut cycle may be beneficial for copper species.
Copper stocks are collectively rising, as of the deadline, Chifmining increased by 5.99%; MMG rose by 4.44%; jiangxi copper rose by 4.02%; China Gold International rose by 2.29%.
CHINFMINING: 2024 INTERIM REPORT
Analysis
Price Target
No Data
No Data