Molybdenum Concept
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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.
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.
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%.
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.
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.
Northward Capital Purchase Report: Luoyang Molybdenum Industry Received Net Sales of $3.41 Million.
On December 4, Northside Capital sold a net total of $14.41 million for two consecutive trading days.
The release of production capacity is imminent, and the Congolese gold transportation capacity is insufficient, the Luoyang molybdenum industry: there are new moves to continue to occupy high-quality mineral resources丨Company Research
① The Luoyang Molybdenum Industry is about to release production capacity in the Democratic Republic of the Congo (Gold), and is ranking among the world's largest cobalt and top ten copper producers. ② Chairman Yuan Honglin told the Finance Association reporter, “Continued access to the highest quality mineral resources is the lifeblood of the company's survival and development. In the future, we will continue to focus on the field of non-ferrous metals, especially new energy metals, and will not rashly expand to the downstream processing industry.”
Restrictions lifted, Q3 performance doubled month-on-month, Luoyang molybdenum industry: Q4 copper and cobalt production capacity is expected to be further increased丨Interpretation of financial reports
① Thanks to the resolution of the restricted issue in the Democratic Republic of the Congo (DRC), production and sales of copper and cobalt, the two main products of the Luoyang molybdenum industry, are booming. ② Relevant company sources said that with the completion of two world-class projects, Luoyang Molybdenum's copper and cobalt production capacity is expected to increase further in the fourth quarter.
Opinion | Policy expectations continue to heat up, driving the Hong Kong stock real estate chain to rebound
Are there better investment opportunities for Hong Kong stocks under the catalysis of real estate policies?
Express News | DBS: Raising Luoyang's Molybdenum Industry's Target Price to HK$5.6, Rating “Buy
Express News | HSBC Research: Raising the target price of the Luoyang molybdenum industry to HK$4.9
Weekly Opinion · Industrial Metals | Social finance data is lower than expected, and metal price performance is strong