03993 CMOC
- 7.390
- -0.240-3.15%
CMOC News
Hong Kong stock concept tracking | Small metals or bullish institutions are optimistic that the current high copper price boom is not over yet (with concept stocks)
CITIC Securities: The current boom in copper prices is not over
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.
Hong Kong Stock Concept Tracking | London copper prices hit $10,000 per ton for the first time since 2022, and copper mining companies are sought after by capital (with concept stocks)
London copper prices hit $10,000 per tonne for the first time since 2022. In 2023, global copper production was 22 million tons, of which Zambia produced 760,000 tons and Congo gold produced 2.5 million tons, accounting for 3.5% and 11.4%, respectively. Zambia has important copper mines such as Sentinel, Kansanshi, and Konkola, and Congo Gold has important copper mines such as Kamoa-Kakula, TFM, KFM, Dikulushi, and Lonshi. SDIC Securities released a research report saying that Zambia will cut electricity supply and the China-Africa copper belt
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
Luoyang Molybdenum Industry provides a total guarantee of no more than 560 million yuan for other wholly-owned subsidiaries
Luoyang Molybdenum Industry (03993) announced that the company directly or through wholly-owned subsidiaries (including direct and indirect wholly-owned subsidiaries, the same below) will provide a total guarantee of no more than 560 million yuan for other wholly-owned subsidiaries. As of the disclosure date of this announcement, the company's total external guarantees accounted for 43.99% of the company's most recent audited net assets.
Global Cobalt Mining Industry Report 2023-2030: Reserves, Production, Assets, Demand Drivers and Forecasts Featuring Glencore, CMOC, Jinchuan Group International Resources, Vale SA, and BHP
洛陽鉬業：2023年度報告
Calculating The Fair Value Of CMOC Group Limited (HKG:3993)
Key Insights The projected fair value for CMOC Group is HK$7.93 based on 2 Stage Free Cash Flow to Equity Current share price of HK$7.05 suggests CMOC Group is potentially trading close to its fair
SDIC Securities: Increased copper supply disturbances are expected to drive continued price breakthroughs
The Zhitong Finance App learned that SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a decrease in production. Copper mine production cuts continue to occur, and expectations for the resumption of production at the Cobre Panama and Sossego copper mines, which were cut off earlier, have been postponed again. Britain and the US sanctioned Russian metals and restricted Russian aluminum, copper and nickel transactions in LME and CME. Russian Copper accounts for 62.1% of LME inventory, which limits delivery or raises market concerns about the risk of overclosing positions. The supply-side logic continues to be implemented. We continue to be optimistic that the copper price will move further upward after the breakthrough, and we will continue to recommend the copper sector. Recommended to follow
North and South Water | Nanshui is buying resource stocks and liquor stocks, and Beishui continues to buy China Mobile Tencent and Bank of China
The net sale of A-shares was $2,997 billion, and the net purchase of Hong Kong shares was HK$2.34 billion by Northbound Capital.
Changes in Hong Kong stocks | Copper stocks collectively fell, Shanghai copper prices fell today, institutions say supply risks have subsided or caused copper prices to pull back
The Zhitong Finance App learned that copper stocks fell collectively. As of press release, China's non-ferrous mining industry (01258) fell 4.93% to HK$6.17; Luoyang Molybdenum (03993) fell 4.89% to HK$6.8; Jiangxi Copper (00358) fell 3.92% to HK$15.18; Zijin Mining (02899) fell 3.91% to HK$16.2. According to the news, the main players in Shanghai Copper futures closed down more than 2% today. Jinrui Futures pointed out that the consumer side is being held back by high copper prices, and downstream pickups are slowing down, causing domestic inventories to continue to accumulate unseasonally. Macro liquidity has been further relaxed
[Broker Focus] CITIC Securities indicates that the escalation of supply disturbances on the mining side will push up copper prices and gold prices are expected to be supported by risk aversion
Jinwu Financial News | CITIC Securities said that domestic copper prices rose 3.2% to 79,000 yuan/ton last week, breaking the pre-May 2021 high; domestic aluminum prices fell 1.9%. Supply disturbances on the copper mine side have once again escalated. The tight supply side of alumina is expected to provide cost support for aluminum prices. Combined with expectations of domestic economic recovery, the copper and aluminum sector is expected to remain strong. It is recommended to focus on: Luoyang Molybdenum Industry (03993), Zijin Mining (02899), etc. As the geographical situation heats up and becomes more complicated, the price of gold is expected to be supported by risk aversion, compounded by the significant improvement expectations shown in the first-quarter performance forecasts of many domestic gold companies. The bank
[Hong Kong Stock Connect] Luoyang Molybdenum Industry (03993) Testing Center successfully passed the national CNAS supervision and review
Jinwu Financial News | Recently, the China National Accreditation Committee for Conformity Assessment (CNAS) accreditation review expert group conducted a 2-day on-site supervision and review of the Luoyang Molybdenum Industry (03993) testing center. The full elements of the system operation and technical capabilities of the testing center were reviewed and verified through on-site inspection, record review, question exchange, and on-site technical experiments. The expert group agreed that the CNAS system operation of the testing center met the requirements of accreditation standards and accreditation standards. The on-site review passed successfully, indicating that the company's testing center has met the requirements of internationally recognized standards.
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.
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.
Hong Kong Stock Concept Tracking | Contradictions between supply and demand increasingly highlight tungsten prices reaching a ten-year high! (with concept shares)
Recently, the price of tungsten has continued to rise, reaching a new high of nearly ten years.
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
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.
Luoyang Molybdenum Industry (03993.HK) held a board meeting on April 29 to consider and approve the publication of the first quarter results
Gelonghui, April 17, 丨 Luoyang Molybdenum Industry (03993.HK) announced that it is pleased to hold a board meeting on April 29, 2024 (Monday) to consider and approve the publication (including but not limited to) of the quarterly results of the company and its subsidiaries for the three months ended March 31, 2024, and to deal with any other matters.
洛陽鉬業：董事會召開日期
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