Cautious Investors Not Rewarding Tongling Nonferrous Metals Group Co.,Ltd.'s (SZSE:000630) Performance Completely

Tongling Nonferrous Metals Group Co.,Ltd.'s (SZSE:000630) price-to-earnings (or "P/E") ratio of 19.9x might make it look like a buy right now compared to the market in China, where around half of the

Simply Wall StApr 24 18:17 ET

Everbright Securities: The copper gap may expand further, and the overall center of copper prices will gradually move upward in 24-25

Everbright Securities released a research report saying that the copper industry is facing weak long-term capital expenditure growth and declining copper ore grades, and future supply increases will be limited; demand for new energy sources on the demand side will provide an increase, and traditional demand will grow slightly steadily.

Zhitong FinanceApr 22 23:21 ET

Tongling Nonferrous Metals (000630.SZ): It is a comprehensive copper production company integrating copper ore mining, smelting and copper processing

Gelonghui, April 22丨Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that the company is a comprehensive copper production company integrating copper ore mining, smelting and copper processing. The upstream mining end produces mineral products represented by copper concentrates containing copper, the midstream smelting end produces major products such as cathode copper, gold, silver, sulfuric acid, etc., and the downstream copper processing end produces various copper processing materials such as copper foil, copper plate, and copper rods. The company's products are widely used in many fields such as power electronics, real estate, transportation, consumer and industrial equipment.

Gelonghui FinanceApr 22 04:13 ET

Everbright Securities: The gap between copper supply and demand will gradually expand in 24-25, and continue to be optimistic about investment opportunities for copper industry companies

The Zhitong Finance App learned that Everbright Securities released a research report stating that domestic demand for home appliances was raised by 286,000 tons in 2024, and assuming a 4% growth rate of domestic air conditioning production in 2025 (the original forecast was 0%), the global refined copper supply-demand balance sheet was adjusted from 2/-140,000 tons in 2024/2025 to -39/- 640,000 tons. The gaps increased by 410,000 tons and 500,000 tons, respectively (and updated the 2023 annual report and 2024 production guidelines for some mines). The gaps account for about 1.4% and 2.2% of global demand. It is expected that the gap between copper supply and demand will gradually widen in 2024-2025,12

Zhitong FinanceApr 19 02:30 ET

Tongling Nonferrous Metals (000630.SZ): Main business includes copper mining, smelting, copper processing, etc.

Gelonghui, April 17 | Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that the company's main business includes copper mining, smelting, copper processing, etc., and has competitive advantages in mineral resource reserves, copper smelting, processing, etc. It is currently one of the comprehensive copper manufacturers with the most complete domestic industrial chain, and is in a leading position in the industry in terms of industrial chain integration.

Gelonghui FinanceApr 17 06:35 ET

Tongling Nonferrous Metals (000630.SZ): Produced about 18.84 tons of gold in 2022, including self-produced copper concentrates containing gold and purchased copper concentrates containing gold from outsourced copper concentrates (excluding Mirador copper

Gelonghui, April 15 | Tongling Nonferrous Metals (000630.SZ) said on the investor interactive platform that according to the company's “2022 Annual Report”, in 2022, including gold from self-produced copper concentrates and gold contained in purchased copper concentrates, it produced about 18.84 tons of gold (excluding Mirador copper ore), and produced 512.5 tons of silver (excluding Mirador copper ore). In 2023, the company completed the acquisition of 70% of the shares of China Railway Jiantongguan Investment Co., Ltd. and raised supporting capital. The core asset of China Railway Jiantongguan Investment Co., Ltd. is the Mirador copper mine in southeastern Ecuador (of which, in 2022

Gelonghui FinanceApr 15 04:22 ET