China League Securities: Many factors suppressing metal prices in 24 years are expected to ease continued optimism about investment opportunities in the non-ferrous metals sector
As the Federal Reserve's interest rate hike comes to an end, the US dollar index falls significantly, and global liquidity is expected to improve, compounding expectations for China's economic recovery; continuing to be optimistic about investment opportunities in the non-ferrous metals sector, the League of Nations Securities maintained the industry's “better than the big market” rating.
Luoyang Molybdenum Industry (603993): Q1 production exceeded expectations and continued to grow
Event: On April 29, 2024, the company released its 2024 quarterly report. 2024Q1, the company achieved revenue of 46.12 billion yuan, a year-on-year increase of 4.2% and a decrease of 15.5% month-on-month; net profit to mother 20.
Luoyang Molybdenum Industry (603993) Quarterly Report Review: Concentrated release of production capacity in core mines “sharp rise in volume and price” boosts the company's performance
Incident: The company disclosed its 2024 quarterly report. 2024Q1 achieved operating income of 46.121 billion yuan, an increase of 4.2% over the previous year; realized net profit of 2,072 billion yuan, a significant increase of 553.3% over the previous year;
Luoyang Molybdenum Industry (603993): Q1 copper and cobalt production exceeded expectations
Core view: As 23Q4 absorbed copper inventories to form a high performance base, net profit to mother fell 64% in 24Q1 to 2.1 billion yuan, in line with expectations. According to the company's financial report, 24Q1 achieved operating revenue of 46.1 billion yuan, year-on-year +
Luoyang Molybdenum Industry (603993): Copper and cobalt production rises to the next level to help high profits grow
New projects released production to help profit growth. 2Q24 or a better price environment Luoyang Molybdenum Industry deducted non-net profit of 2.09 billion yuan in 1Q24, due to stagnation in 1Q23 copper sales and centralized sales in 4Q23
Luoyang Molybdenum Industry (603993) 2024 First Quarter Results Review: TFM and KFM Mining Continues to Release Companies Gradually Become World-Class Mining Companies
Incident: The company announced financial results for the first quarter of 2024. In 24Q1, the company achieved revenue of 46.121 billion yuan, +4.15% year over year; net profit to mother was 2,072 billion yuan, +553.28% year on year; deducted not returned to mother
Luoyang Molybdenum Industry (03993): Proposed re-election and election of directors and supervisors
According to Zhitong Finance App News, Luoyang Molybdenum Industry (03993) issued an announcement. Since the 6th board of directors will expire on the day of the annual shareholders' meeting, the proposal to nominate members of the 7th board of directors was reviewed and approved at the 13th meeting of the 6th board of directors held on April 29, 2024 in accordance with the company's articles of association, the board meeting system, and the working rules of the Nomination and Governance Committee. Mr. Sun Ruiwen and Mr. Li Chaochun were nominated for re-election as candidates for the 7th board of directors; Mr. Yuan Honglin, Mr. Lin Jiuxin and Mr. Jiang Li were re-elected as non-executive director candidates for the 7th board of directors; Mr. Wang Kaiguo, Ms. Gu Hongyu and Cheng Yuxian
洛陽鉬業:二零二四年第一季度報告
Production of the two major mines in the Democratic Republic of the Congo (DRC) hit a record high in a single quarter, and the net profit of the Luoyang Molybdenum industry increased more than fivefold in Q1 | Financial Report Interpretation
① Luoyang Molybdenum's Q1 net profit increased more than fivefold; ② KFM and TFM production of the two major copper-cobalt mines in the Democratic Republic of the Congo (DRC) reached record highs in the first quarter.
Express News | Luoyang Molybdenum Industry: Net profit for the first quarter was 2.07 billion yuan, up 553.28% year on year.
Hong Kong non-ferrous and gold stocks weakened. Jiangxi Copper and Shandong Gold fell by more than 4%, while many stocks such as Minmetals Resources, Luoyang Molybdenum, and China Gold International weakened.
Hong Kong non-ferrous and gold stocks weakened. Jiangxi Copper and Shandong Gold fell by more than 4%, while many stocks such as Minmetals Resources, Luoyang Molybdenum, and China Gold International weakened.
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
Luoyang Molybdenum Industry (603993): Strong accumulation of thin copper and cobalt production volume breaks through performance and ushered in high growth
Revenue continued to grow in 2023, and copper and cobalt production increased dramatically. The company achieved operating income of 186.269 billion yuan in 2023, an increase of 7.68% over the previous year; achieved net profit of 8.250 billion yuan to mother, an increase of 3
A quick look at the Hong Kong market | Hong Kong stocks explode! The Ke Index rose nearly 5%; domestic housing stocks and auto stocks improved, Sunac China rose more than 15%, and Xiaopeng Motors rose nearly 9%
Technet stocks performed brilliantly. Kuaishou rose more than 7%, JD rose nearly 6%; biotech stocks generally rose, Tiger Pharmaceuticals rose more than 8%, and Pharmaceutical Biotech rose nearly 6%.
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
Statistics on changes in the share of Zhitong Hong Kong Stock Connect | April 26
According to data disclosed on April 25, 2024, Shengnuo Pharmaceutical-B (02257.HK), Tiger Pharmaceuticals (03347.HK), and Peer Hunting (06100.HK) Hong Kong Stock Connect held the largest share value added, increasing 0.58%, 0.47%, and 0.39% respectively; China Alcoa International (02068.HK), Luoyang Yiye (03993.HK), and Country Garden Services (06098.HK) had the largest share losses, decreasing -0.0.75%, -0.3%, respectively -0.57%.
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
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