01258 CHINFMINING
- 7.940
- -0.060-0.75%
CHINFMINING News
“Dr. Bronze” has soared to a new high in more than two years! The “overbought” alert has been sounded
Copper prices have soared 28% in the past 3 months and are now in the overbought region, and analysts are calling for caution.
Express News | Guojin Securities: The AI wave will bring long-term growth in downstream copper consumption
Copper prices hit a two-year high, analysts warn they have entered the overbought region
The price of copper futures climbed to the highest closing price in more than two years, but after rising by about 28% in the past three months, some analysts warned that this industrial metal has entered the overbought region
Changes in Hong Kong stocks | China's non-ferrous mining industry (01258) rose more than 5% and continued to reach new highs. The company continued to produce copper and continued to release endogenous epitaxial two-wheel drive
The Zhitong Finance App learned that China's non-ferrous mining industry (01258) rose by more than 5%, reaching a new listing high of HK$8. As of press release, it rose 5.01% to HK$7.97, with a turnover of HK$111 million. According to the news, Minsheng Securities pointed out that in the first quarter of 2024, the company achieved net profit of 84 million US dollars, down about 3% year on year. The main reason is that Q1 copper prices fell by more than 5% year on year. Judging from the completion of production, the company produced 32,500 tons of cathode copper, a year-on-year decrease of 9%, and completed 23% of the annual production guideline. The incremental items are mainly Gangbov's main ore body (cathode copper production is 9378
China Nonferrous Mining (1258.HK) 2023 Annual Report 2024 First Quarter Production Report Review: Self-produced copper continues to release endogenous+epitaxial
The company released an annual report for 2023 and a production report for the first quarter of 2024. In 2023, the company achieved operating income of US$3.66 billion, gross profit of US$877 million, an increase of 8.7% over the previous year, and net profit of 2.
Who is the best in the bulk market? Former Deputy Soros: Copper will be the “best choice” for the next five or six years!
① Drucken Miller said that as demand exceeds supply, copper prices will rise in the next five or six years; ② he said that demand for electric vehicles, data centers, and even missiles is a blessing for copper; ③ Since this year, copper prices have risen by about 18%.
Touching $10,000 once again! Goldman Sachs sings “Doctor Copper”: Shortage of supply will push copper prices to $12,000 by the end of the year
Copper prices once surpassed 10,000 US dollars per ton, as investors increased their bets on the Fed's interest rate cut, and Goldman Sachs warned that supply pressure would increase.
Copper prices once again surpassed 10,000 US dollars, and Goldman Sachs fanned the flames: there is a risk of “out of stock”
Goldman Sachs raised its target price for Luntong to 12,000 US dollars per ton at the end of the year. Skeptics warned that this round of speculative increases may soon subside.
Is breaking through $10,000 just the starting point? Goldman Sachs raised the target price of copper: the average price will reach 15,000 US dollars next year
① Goldman Sachs raised its year-end copper price target from 10,000 US dollars per ton to 12,000 US dollars per ton, which means another 20% increase from the current price; ② Goldman Sachs also predicts that the average price of copper will rise to 15,000 US dollars in 2025.
A quick look at the Hong Kong market | The three major indices have collectively pulled back, and the science index fell more than 2% to 4,000 points; domestic housing stocks rose against the market, and Xincheng Development rose nearly 6%
Technology Network stocks generally fell; Bilibili fell more than 6%, Kuaishou fell nearly 5%, and Meituan fell nearly 4%; copper concept stocks strengthened, Wanguo International Mining rose nearly 10%, and China's nonferrous mining industry rose more than 4%.
Express News | Goldman Sachs raised its copper price target by 20% to $12,000 per ton by the end of the year.
Goldman Sachs: To stimulate supply, copper prices need to rise to 15,000 US dollars
Goldman Sachs raised the forecast value for copper prices this year from 10,000 US dollars/ton to 12,000 US dollars/ton, indicating that copper prices must rise to 15,000 US dollars/ton next year to avoid a supply gap. Goldman Sachs expects the copper density of AI data centers to increase from 25 tons to 40 tons per megawatt.
Express News | Goldman Sachs raised its year-end copper target to $12,000 per ton
China Nonferrous Mining Expects 3% Decline in Q1 Profit
China Nonferrous Mining (HKG:1258) expects to record a profit attributable to owners of $84 million in the first quarter, down 3% year over year due to the decline in the average prices of internation
China Nonferrous Metals (01258) estimates that shareholders' share of profit for the first quarter was about 84 million US dollars, down about 3% year on year
China Nonferrous Mining (01258) issued an announcement. For the three months ending March 31, 2024, the Group: Accumulated...
Changes in Hong Kong stocks | China's non-ferrous mining industry (01258) rose more than 6% in the intraday period to a record high, copper prices showed an upward trend, and the company is rich in copper and cobalt resources
China's nonferrous mining industry (01258) rose more than 6% in the intraday period, reaching a new high of HK$7.31 since listing. As of press release, it rose 3.63% to HK$7.13, with a turnover of HK$106 million.
“Dr. Copper” is short in supply and “added to the blockage”: climate change will cause half of copper mines to face drought
Even under the optimistic 2050 low emissions scenario, more than half of the world's copper mines will be located in regions facing significant, high, or extreme droughts.
中國有色礦業：2023年度報告
Express News | CITIC Securities: The current high copper price boom has not ended the whole year or is showing a trend of rushing back
After a lapse of two years, Luntong broke the 10,000 mark and the bulls shouted: only a 20% increase can supply be revived
① The price of three-month copper on the London Metal Exchange once rose more than 1.7%, returning above 10,000 US dollars per ton after a lapse of two years; ② analysts believe that the reason for the steady rise in copper prices is because outsiders speculate that it may be difficult for global mines to meet the upcoming wave of green industry demand.
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