03939 WANGUO MININGWatchlist
About WANGUO MINING Company
Wanguo International Mining Group Co., Ltd. is mainly engaged in mining, ore beneficiation and sales of concentrated mineral products in China. Copper concentrates and iron concentrates are our core products. Currently, we own all of Yifeng Wanguo's shares through our wholly-owned subsidiary, while Yifeng Wanguo owns the Xinzhuang Mine. The production system of the Xinzhuang mine is divided into a mining system and a beneficiation system. Currently, the Xinzhuang mine has obtained a mining license issued by the Jiangxi Provincial Bureau of Land and Resources. Mining is valid until April 2032. The total area of the Xinzhuang mine is 3.7692 square kilometers. According to the above mining license, we can mine copper, lead, zinc and iron ore underground at a rate of 600,000 tons/year. As of 2011/12/31, our mining capacity was about 300,000 tons/year, and our beneficiation capacity reached about 400,000 tons/year. In November 2003, our main operating subsidiary in China, Yifeng Wanguo, was incorporated. In October 2006, Yifeng Wanguo obtained a mining license for the Xinzhuang mine and began its mining business. In August 2007, commercial production at the Xinzhuang mine began. The company was incorporated in 2011/5. In 2011/7, the Company became the holding company of the Group. Wanguo International has planned enterprise development over the long term, established and reserved a strong team of talents, and is unswervingly advancing towards the goal of laying out resources to develop resources to steadily expand and expand operations. The company's core values have been formed - making mineral resources benefit society, and making employees and the company respected. Build a corporate culture of “unity and development, dedication and efficiency, forge ahead courageously, and pursue excellence”. Facing the future, Universal International insists on keeping pace with the times, looking at the world, seizing opportunities, meeting challenges, and striving hard to make new contributions to the country's economic construction and social development.
Copper prices are falling, hampered by geopolitical risks and increased inventories
Copper prices fell on Monday because investors were uneasy about developments in the Middle East and copper inventories increased.
Huatai Securities: Supply, long-term demand, short-term, optimistic about the mid-term price trend of copper and aluminum
The Zhitong Finance App learned that Huatai Securities released a research report saying that although China's manufacturing PMI in September has returned above the boom and bust line since April this year to 50.2, showing signs of recovery in the Chinese economy, interest rates on 10Y US bonds continued to rise sharply during the Chinese holiday period and reached 23 bps, and market concerns about whether the US economy can land softly.
Copper to Trade Near $9,000 by Year-end – ANZ
Strategists at ANZ Bank analyze Copper’s outlook.