“铜博士”继续飙涨!LME期铜升破1万美元/吨,下一站12000美元?
铜市供需格局仍有趋紧预期
Huafu Securities: Mid-term mining shortage is difficult to ease long-term copper prices still have upward momentum
On the supply side, the tight supply situation on the mining side has not abated. As of April 19, domestic spot copper refining and processing costs were 3.4 US dollars/ton; on the demand side, due to high copper prices, market consumption was sluggish, and shipments in many regions were lower than normal.
Changes in Hong Kong stocks | China's non-ferrous mining industry (01258) rose more than 6%, leading the rise in copper supply disturbances in copper stocks, which is expected to drive continued price breakthroughs
The Zhitong Finance App learned that copper stocks generally rose in early trading. As of press release, China's non-ferrous mining industry (01258) rose 6.28% to HK$6.77; Minmetals Resources (01208) rose 4.27% to HK$3.66; Luoyang Molybdenum (03993) rose 4.76% to HK$7.49; Zijin Mining (02899) rose 3.17% to HK$17.6. SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a reduction in production. Copper mine production cuts continue to occur, and Cobre Panama and Sosse, which cut production earlier
Changes in Hong Kong stocks | Minmetals Resources (01208) fell more than 4%. Total copper production in the first quarter decreased by 3% year-on-year, and total zinc production increased by 93%
Minmetals Resources (01208) fell by more than 4%. As of press release, it was down 3.93% to HK$3.42, with a turnover of HK$140 million.
MMG Interim CEO Steps Down; Successor Named
MMG (HKG:1208) interim Chief Executive Officer and Executive Director Li Liangang has resigned, effective immediately, according to a Wednesday Hong Kong bourse filing. Li's departure was prompted by
Minmetals Resources (01208): Cao Liang appointed as Chief Executive Officer and Executive Director
Minmetals Resources (01208) issued an announcement. Starting April 24, 2024: Li Liangang resigns as the company's temporary chief executive...
Selected Gelonghui Announcements (Hong Kong Stocks) | Tianqi Lithium (09696.HK) Profit Alert: Expected loss of 3.6 billion to 4.3 billion yuan in the first quarter
[Today's Focus] Tianqi Lithium (09696.HK) Profit Warning: Expected loss of 3.6 billion yuan to 4.3 billion yuan in the first quarter Tianqi Lithium (09696.HK) announcement. The company expects a three-month period ending March 31, 2024. (i) The net loss range attributable to the company's shareholders is RMB 36 million to RMB 43 million (unreviewed), while the net profit attributable to the company's shareholders during the same period last year was RMB 4,875.23 million; (ii) the net loss range after deducting non-recurring profit and loss is RMB 4,875.23 million; (ii) the net loss range after deducting non-recurring profit and loss is in the RMB range 3,600 One million yuan to RMB 4,40
MMG's Profit Drops in 2023
MMG (HKG:1208) recorded a year-over-year decline in attributable profit for the year ended Dec. 31, 2023 to $9 million from $172.4 million during the year-ago period, a Monday filing on the Hong Kong
Minmetals Resources (01208)'s total copper production in the first quarter was 671,000 tons, down 3% year-on-year
Minmetals Resources (01208) announced that in the first quarter of 2024, total copper production (electrolytic copper plus copper concentrate contains copper)...
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.
五礦資源:二零二三年年報
Minmetals Resources (01208.HK) was granted US$100 million credit financing
On April 22, GLONGHUI | Minmetals Resources (01208.HK) announced that on April 22, 2024, MMG Finance Limited (MMGFinance), a wholly-owned subsidiary of the company, signed a loan agreement with China Construction Bank (Asia) Co., Ltd. (China Construction Bank) (as a lender). Based on this, MMG Finance has been granted revolving credit financing of 100 million US dollars for a period of three years to meet general corporate capital requirements.
Hong Kong Stock Concept Tracking | LME copper continued to soar last week, copper and non-ferrous sector companies attracted attention (with concept stocks)
Shanghai Copper broke through the 80,000 yuan/ton mark at the close on Friday night, a record high since 2006.
MMG Limited's (HKG:1208) 28% Share Price Surge Not Quite Adding Up
MMG Limited (HKG:1208) shares have continued their recent momentum with a 28% gain in the last month alone. Taking a wider view, although not as strong as the last month, the full year gain of 24%
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
Changes in Hong Kong stocks | Minmetals Resources (01208) rose more than 4%, leading the way, copper prices in copper stocks still maintain a strong supply and demand pattern, or may turn into a shortage
Copper stocks had the highest gains. As of press release, Minmetals Resources (01208) rose 4.07% to HK$4.09; China Nonferrous Mining (01258) rose 3.07% to HK$7.04; and China Gold International (02099) rose 1.57% to HK$48.6.
Changes in Hong Kong stocks | Minmetals Resources (01208) rose more than 4%, leading the way, copper prices in copper stocks have continued to rise recently, and the copper supply and demand pattern may turn into a shortage
Copper stocks surged in the afternoon. As of press release, Minmetals Resources (01208) rose 4.02% to HK$3.88; China Nonferrous Mining (01258) rose 3.22% to HK$6.74; Jiangxi Copper (00358) rose 2.54% to HK$16.12; and Zijin Mining (02899) rose 1.61% to HK$17.64.
Hong Kong Stock Concept Tracking | Goldman Sachs expects a “very serious” gap in refined copper supply; futures copper prices will continue to rise (with concept stocks)
Goldman Sachs expects copper prices to soar to around $12,000 per ton in the first quarter of next year.
[Special Offer V] Deng Shengxing: Market expectations for interest rate cuts will further cool down, and Hong Kong stocks may fall below 16 points
Jinwu Financial News | The Hang Seng Index closed at 16,248 points on Tuesday (16th), down 351 points, or 2.1%. Full-day transactions amounted to $114.58 billion. The national index closed at 5,743 points, down 112 points, or 1.9%. The Science Index closed at 3,337 points, down 104 points, or 3%. Blue chip stocks were under pressure almost across the board. Out of 82 blue chips, 79 fell. Shunyu Optics (02382) fell 6.4%, which is the blue chip at the end of the package; only 3 of the blue chips rose; CNPC (00857) rose 0.7%, the best blue chip; China Overseas Development (00688) and China Shenhua (01088) also rose 0.2%.
MMG Plans Share Issue Under Performance Award Scheme
MMG (HKG:1208) plans to allot and issue a total of up to 51.2 million new shares to satisfy the 2021 and 2022 performance awards under its long-term incentive equity plan, a Tuesday filing on the Hong
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