01258 CHINFMINING
- 7.080
- +0.080+1.14%
CHINFMINING News
Hong Kong stocks fluctuate | Copper stocks rose in early trading, with MMG (01208) up more than 5% and Chinfmining (01258) up more than 4%.
Copper stocks rose in early trading. As of press time, MMG Resources (01208) rose 5.48% to HKD 3.08; Chinfmining (01258) rose 3.99% to HKD 7.03.
[Brokerage Focus] Guosen Securities first gives chinfmining (01258) an “outperform” rating, indicating its potential to benefit from the increase in copper prices and achieve profit growth.
Guosen Securities' research report stated that CHINFMINING (01258) has been deeply involved in Zambia and Congo (Kinshasa) for many years, focusing on the vertical integrated business in copper mining, beneficiation, wet smelting, pyrometallurgy and sales. In 2023, the company produced 285,700 tons of crude copper and anode copper, and 142,400 tons of cathode copper. In addition, the company is committed to mine resource development and has self-owned mines as its core business. The company's self-owned copper production in 2023 totaled approximately 169,300 tons, an increase of 12.01% year-on-year, and its self-sufficiency rate for raw materials was 39.55%. The company values investor returns,
Copper Falls After Hawkish Fedspeak as Record Rally Loses Steam
Copper and other base metals fell after the Federal Reserve signaled US interest rates will likely stay higher for longer than previously indicated, a scenario that may crimp demand for industrial commodities.
Copper sector under pressure, Chinagoldintl (02099) falls by 7.26%. Market's bullish sentiment cools down and the prospects for copper demand are being questioned.
Jingu Caixun | Copper sector came under pressure in early trading, with China Gold International (02099) falling 7.26%, Jiangxi Copper (00358) falling 4.86%, and China Nonferrous Mining (01258), MMG (01208), and Chiho Environmental (00976) all falling over 3%. According to Zhuochuang Information, the U.S. non-farm payroll data was released on the evening of June 7th. The number of non-farm employment in May increased by 272,000, significantly higher than expected, which reduced market expectations of interest rate cuts later this year, and the U.S. dollar index rebounded, suppressing copper price increases. The SHFE copper was closed for the three-day Dragon Boat Festival holiday, while the LME copper fell on June 7th following this news.
China Nonferrous Mining to Vote on Financial Services Framework Deal
China Nonferrous Mining (HKG:1258) shareholders will meet in Hong Kong on June 27 to vote on the termination of its 2023 financial service agreement and its replacement with a financial services frame
[Broker Focus] CITIC Securities indicates that supply disturbances are the dominant logic of investment in the resource sector in the first half of 2024
Jinwu Financial News | CITIC Securities said that supply disturbances were the dominant logic of investment in the resource sector in the first half of 2024. In particular, copper prices showed the most prominent performance, which reached a record high. Under long-term supply constraints, it is expected that the prices of crude oil, copper, tin, etc. will continue to operate at a high level, and phased supply shortages or increased disturbances are expected to drive up the prices of products such as phosphate ore and manganese ore. In addition, commodity prices such as crude oil and copper will also benefit from the rebalancing of inflation and interest-rate cut transactions, supported by both finance and supply and demand. The bank expects the crude oil price operating range for the second half of 2024 to be 80-90 US dollars/barrel, and the copper price range is 9
Changes in Hong Kong stocks | Copper stocks fall ahead, copper prices fall back to adjust, Indonesia delays implementation of copper export ban
Copper stocks had the highest decline. As of press release, China Gold International (02099) fell 5.29% to HK$51.05; China Nonferrous Mining (01258) fell 4.27% to HK$7.17; and Wanguo Mining (03939) fell 3.04% to HK$7.65.
The World's Top Miner Abandoned Its Proposed Megadeal. Here's What Could Be Next for BHP
By Rhiannon Hoyle BHP Group thought it could buy its way to becoming the world's top copper producer. Now, it may need to expand or build its own mines to get there, a potentially fraught journey give
Changes in Hong Kong stocks | Copper stocks continue to fall, and the dollar rebounds, putting pressure on copper price market demand is still blocked
Copper stocks continued to decline. As of press release, Minmetals Resources (01208) fell 5.67% to HK$3.99; Jiangxi Copper (00358) fell 4.86% to HK$17.22; and China Nonferrous Metals (01258) fell 4.18% to HK$7.79.
Copper stocks are under pressure, Minmetals Resources (01208) falls 5.2%, and institutions expect short-term copper prices to remain weak
Jinwu Financial News | Copper stocks were under pressure, Minmetals Resources (01208) fell 5.2%, Jiangxi Copper (00358) fell 4.64%, China Nonferrous Mining (01258) fell 3.08%, and Wanguo International Mining (03939) fell 1.01%. CITIC Construction Investment Futures said that the resilience performance of overseas economies weighed on expectations of interest rate cuts, and risk appetite may tend to subside. However, after the high copper price correction, industrial demand is expected to show signs of marginal warming, limiting the room for prices to fall back. Overall, copper prices may remain weak and stable for a short period of time. Shanxi Securities said that since March this year, COME copper has risen 24%
Changes in Hong Kong stocks | China's non-ferrous mining industry (01258) rose by more than 4%, leading the supply shortage of copper stocks will continue to strain the copper market
Copper stocks rose collectively. As of press release, China Nonferrous Mining (01258) rose 4.27% to HK$8.3; China Gold International (02099) rose 2.35% to HK$56.5; and Minmetals Resources (01208) rose 2.15% to HK$4.27.
Changes in Hong Kong stocks | Minmetals Resources (01208) rose by nearly 7%, leading to a decline in copper stock pressure sentiment, triggering price adjustment agencies to say smelting production cuts are still likely to occur
The Zhitong Finance App learned that copper stocks were recovering collectively. As of press release, Minmetals Resources (01208) rose 6.6% to HK$4.2; China's non-ferrous mining industry (01258) rose 4.29% to HK$8.02; Zijin Mining (02899) rose 3.55% to HK$18.1; Jiangxi Copper (00358) rose 1.96% to HK$17.68. According to the news, on May 24, the main LME copper contract closed at 10,334 US dollars/ton, falling back 770 US dollars/ton from the record high of 11,104.5 US dollars/ton set on the 21st; Shanghai Copper mainly
Business Association: Negative pressure on recent sharp falls in copper prices and is expected to fluctuate at a high level in the short term
The Zhitong Finance App learned that according to the Commodity Market Analysis System, copper prices dropped sharply last week. As of the weekend, the spot price of copper was 83,275 yuan/ton, down 4.42% from 87121.67 yuan/ton at the beginning of the week.
The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row
The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.
Changes in Hong Kong stocks | Copper stocks fell more than 5% due to the decline in copper stocks, Wanguo International Mining (03939), and copper demand has not recovered
Copper stocks had the highest decline. As of press release, Wanguo International Mining (03939) fell 5.5% to HK$7.73; Minmetals Resources (01208) fell 3.06% to HK$4.12; Jiangxi Copper (00358) fell 2.08% to HK$17.88.
China Nonferrous Mining Corporation Limited's (HKG:1258) Shares Climb 28% But Its Business Is Yet to Catch Up
China Nonferrous Mining Corporation Limited (HKG:1258) shares have continued their recent momentum with a 28% gain in the last month alone. The last month tops off a massive increase of 132% in the
It surpassed $11,000 for the first time! “Dr. Copper” continues to soar, investors are betting on the prospect of supply shortages
As supply shortages are expected to intensify, financial investors are pouring into the copper market, which has helped copper soar to its highest level in history, continuing strong gains for several months.
Direct impact of changes | Non-ferrous stocks generally opened higher, Minmetals Resources rose more than 6%, and Zhaojin Mining rose nearly 5%
Non-ferrous stocks generally opened higher in early trading. As of press release, Minmetals Resources (01208) rose 6.14% to HK$4.32; Zhaojin Mining (01818) rose 4.83% to HK$13.2; and China Nonferrous Metals (01258) rose 3.98% to HK$8.62.
New York copper is mired in a “war of emptiness” to shock the non-ferrous metals market
The Zhitong Finance App learned that the huge mismatch between copper prices traded in New York and other commodity exchanges shocked the global copper market and prompted people to frantically buy copper shipped to the US.
Changes in Hong Kong stocks | Minmetals Resources (01208) rose nearly 7%, leading the way, copper stocks, Nihon Copper staged a bearish market, COMEX copper futures reached a record high
Copper stocks had the highest gains in early trading. As of press release, Minmetals Resources (01208) rose 6.86% to HK$4.05; China Nonferrous Mining (01258) rose 5.92% to HK$8.41; China Gold International (02099) rose 5.28% to HK$53.8; and Zijin Mining (02899) rose 2.61% to HK$18.86.
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