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The two major Block Orders in the Democratic Republic of the Congo have increased production, CMOC Group Limited's 2024 Copper and Cobalt output both increased by over fifty percent year-on-year | Quick Announcement.
① Benefiting from the capacity expansion and increased production of the two major Block Orders mines in the Democratic Republic of the Congo, CMOC Group Limited's main mineral product output achieved overall growth last year; ② Among these, the increases in Copper and Cobalt products were particularly notable, with year-on-year growth rates exceeding fifty percent.
The estimated reserves of the Pingjiang gold mine are 1,000 tons, which looks promising. Hunan gold corporation reveals its "assets" with two consecutive limit-ups | Quick read announcement.
① Regarding the significant breakthrough in mineral exploration at the Wanku gold mine field in Pingjiang County, hunan. Hunan gold corporation has expressed views on the gold grade, gold reserves, development feasibility, and mineral ownership rights of the mining area. ② The company stated that the controlling shareholder can ultimately inject the gold resource into the listed company based on the reserves submitted to the Hunan Provincial Natural Resources Department for review and filing under the "integrated exploration" project of the Wanku mining area.
Reserves of 1,000 tons? Over 40 gold veins discovered in Pingjiang, hunan gold corporation responded by hitting the limit up, industry insiders: need to take a rational view.
① There are reports that major breakthroughs have been made in prospecting at the Wangu Gold Mine in Pingjiang County, Hunan. Inspired by this news, Hunan gold led the way today. ② Industry insiders said that the predicted value of long-term gold reserves exceeding 1,000 tons should be viewed rationally.
cmoc group limited Q3 net income increased by 64.12%, copper related business gross margin increased by 15.81% | Financial Report Insights
In the third quarter, the gross margin of copper mining and processing business increased by 15.81% year-on-year, while the gross margin of phosphate fertilizer business increased by 8.29% year-on-year. The net income of cmoc group limited was 2.856 billion yuan, a year-on-year increase of 64.12%, with a total revenue of 51.936 billion yuan, up 15.53% year-on-year.
Tungsten prices rise, raw material costs under pressure, China Tungsten and Hightech Materials increase revenue but not profit in the first three quarters | Interpretations
①Affected by factors such as the rise in tungsten prices and pressure on raw materials, china tungsten and hightech materials did not increase revenue but failed to increase profits in the first three quarters. ②After the injection of tungsten mine resources from Shizhuyuan Mine into the company this year, it will alleviate the pressure of insufficient raw materials to a certain extent.
It is expected that relevant national authorities will establish a low-altitude economic regulatory bureau.
①The establishment decision has been approved, and the new bureau is currently in preparation; ② The low-altitude economy set up a dedicated bureau, which can better coordinate resources at all levels to promote industrial development.
The tungsten sector supports performance, xiamen tungsten's H1 revenue decreased and profit increased. Tungsten companies welcome a wave of price increases|interpretations
①Benefiting from the high tungsten price and despite a decrease in revenue, Xiamen Tungsten achieved increased profits in the first half of the year; ②After the tungsten price rebounded, tungsten enterprises followed suit and ushered in a wave of price increases.
Mid-day overview | All three major indices collectively rose by over 1%, with jd.com leading the network technology stocks with a rise of over 7%, while Alibaba rose by about 3% after its earnings announcement.
Most of the network technology stocks rose, JD.com rose more than 7%, Baidu rose more than 3%, Alibaba rose nearly 3%, Meituan rose more than 2%, and Tencent rose more than 1%.
Chongyi Zhangyuan Tungsten's net income increased by nearly 30% in H1. The price of tungsten has been fluctuating. Interpretations of financial reports.
Due to the strong tungsten price in the first half of the year, Chongyi Zhangyuan Tungsten's net income in H1 increased by nearly 30% YoY. However, the overall downstream demand did not follow the high prosperity of the tungsten price. Analysts believe that the possibility of further upward exploration after the high reversal of domestic tungsten prices is still high.
Futu Morning News | Strongly recommended by Morgan Stanley! Tesla up nearly 6%; interest rate cut expectations rise, US bonds will see the longest consecutive rise in three years in July.
As the expectation of interest rate cuts rises, US bonds are expected to see the longest consecutive increase in three years in July; Goldman Sachs: Hedge funds are "surrendering" the sale of industrial stocks and continuing to rotate into energy and material stocks; Trump and Harris are competing to promote cryptocurrencies, and after the impact of bitcoin reached 0.07 million US dollars, it fell back.
CMOC Group Limited: H1 net profit is expected to increase by more than six times. It is highly likely that copper mineral production this year will exceed the upper limit of the annual guidance. | Speed read announcement
Thanks to the release of production capacity of two copper-cobalt mines in Congo (Kinshasa) and high copper price, CMOC Group Limited's net income in H1 is expected to increase by more than six times; Company personnel stated that copper production in the first half of the year has reached almost 60% of the annual target, and it is expected to exceed the upper limit of the annual guidance this year.
"Forced Wind Incident" - CMOC Group Limited Chairman Explains IXM Trading Team | Inside Shareholders Meeting.
In mid-May, the "shortage storm" brought the cmoc group limited trading team, Ecson (IXM), into the spotlight; Yuan Honglin, director: always put risk control of the trading company in the first place, rather than blindly pursuing revenue and output.
Is its trading company caught in a “vortex of emptying” New York copper? Luoyang Molybdenum Industry issued a response
① This week, the New York copper market experienced an epic round of shorting; ② In this round of crazy shorting, Luoyang Molybdenum's trading company Exxon (IXM) was also reported by the media to be in a “vortex” due to holding a large number of short positions; ③ Luoyang Molybdenum plummeted by about 5% in the A-share market on Thursday. Luoyang Molybdenum Industry officially issued a statement to respond to this on Thursday.
The copper market has been emptied historically! The empty side is IXM owned by Torque and Lomoly?
The report said that commodity trading giant Torque and IXM, a subsidiary of China's Luoyang Molybdenum Industry, are trying to buy physical copper to settle their large short positions on the US CME exchange.
Production of the two major mines in the Democratic Republic of the Congo (DRC) hit a record high in a single quarter, and the net profit of the Luoyang Molybdenum industry increased more than fivefold in Q1 | Financial Report Interpretation
① Luoyang Molybdenum's Q1 net profit increased more than fivefold; ② KFM and TFM production of the two major copper-cobalt mines in the Democratic Republic of the Congo (DRC) reached record highs in the first quarter.
Heavy warehouse bought back Meituan Kuaishou! Zhong Geng Qiu Dongrong's quarterly report revealed that there were many moves to adjust positions
Early this morning, Qiu Dongrong's products revealed a quarterly report.
Left-handed gold, right-handed silver, strong chain, Hunan Nonferrous Chairman's performance will call out new goals | Direct hit at the shareholders' meeting
① Hunan Gold plans to achieve consolidated revenue of 25.3 billion yuan this year, with gold production of 49.7 tons, 36,000 tons of antimony products, and 1,800 tons of tungsten products. ② Hunan Gold's main business is gold and antimony, which focus on resources. Hunan Baiyin is building an integrated entire industrial chain.
Copper and cobalt production increased by more than 50% last year Luoyang Molybdenum Industry: TFM's new production line is expected to reach production in the first half of the year
① In 2023, with the increase in Congolese gold TFM and KFM production, the company's copper-cobalt production showed explosive growth. ② The construction of the TFM mixed mine project was completed last year, and three new production lines are expected to reach production in the first half of this year.
“Rare Earth Aircraft Carrier” Marries Guangsheng's Non-Ferrous Rare Earth Industry's “One South, One North” Pattern Accelerates Evolution
At the beginning of the new year, Guangsheng Nonferrous Metals (600259.SH) officially announced a “partnership” with the “rare earth aircraft carrier” China Rare Earth Group. This evening, Guangsheng Nonferrous Metals announced that Guangsheng Group, the indirect controlling shareholder, plans to transfer 100% of the shares of its direct subsidiary Guangdong Rare Earth Industry Group to China Rare Earth Group free of charge, causing China Rare Earth Group to indirectly hold 38.45% of the company's shares.
Major asset restructuring will be suspended starting tomorrow! After Chinatungsten Hi-Tech changed from “dry mother” to “mother” Kakizhuyuan, there are still 4 mines to be injected
① Kakizhuyuan, one of the five major mines of the Minmetals Group hosted by the Chinatungsten Hi-Tech Institute, will be the first injection target. ② Trading of the company's shares has been suspended since the opening of the market on December 26. The company expects the suspension period to be no more than 10 trading days. ③ In addition to Kakitsuen, there are 4 others to be injected into the mine.