BK0090 Small Metal
- 1526.803
- +26.561+1.77%
Expansion at a loss! Shenghe Resources bucked the trend and acquired a heavy sand mining project in Africa. The target revenue last year was 0 but received a high premium
① Unlike the four major domestic rare earth groups, how to guarantee the stability and long-term nature of rare earth resources has attracted market attention; ② In the face of loss in Q1 performance this year, Shenghe Resources is still increasing overseas mines to further guarantee the company's raw material supply; ③ Although the target SRUL mine resource endowments are good, this acquisition is not without risk.
Is its trading company caught in a “vortex of emptying” New York copper? Luoyang Molybdenum Industry issued a response
① This week, the New York copper market experienced an epic round of shorting; ② In this round of crazy shorting, Luoyang Molybdenum's trading company Exxon (IXM) was also reported by the media to be in a “vortex” due to holding a large number of short positions; ③ Luoyang Molybdenum plummeted by about 5% in the A-share market on Thursday. Luoyang Molybdenum Industry officially issued a statement to respond to this on Thursday.
The copper market has been emptied historically! The empty side is IXM owned by Torque and Lomoly?
The report said that commodity trading giant Torque and IXM, a subsidiary of China's Luoyang Molybdenum Industry, are trying to buy physical copper to settle their large short positions on the US CME exchange.
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.
Northern rare earth listing prices “stopped falling” in April industry: related to expectations of tightening rare earths supply|Industry News
① After experiencing “three consecutive declines” in listing prices in the first quarter of this year, the Northern rare earth listing price temporarily “stopped falling” in the first month of the second quarter; ② analysts believe that holding flat and falling in April is beneficial to stabilizing market sentiment; ③ it is reported that the month-on-month flat listing price in April is related to expectations of tightening rare earth supply.
It plans to increase capital by 2 billion dollars, a subsidiary of Northern Rare Earth, to accelerate the construction of the world's largest rare earth raw material base
① Northern Rare Earths plans to increase the capital of Huamei by 2 billion yuan in cash to provide it with the financial support required for project construction; ② Northern Rare Earths said that the overall goal of the project is to build the world's largest, highest quality, most efficient, the strongest technology, and the best environmental protection.
The price of praseodymium oxide hit a new low for more than three years, and the listing price of rare earths in northern China continued to “dive” in March, and the market expects Q2 rare earth concentrate price adjustments
① Industry insiders believe that the continuous decline in the listing price of rare earths in the north in the first quarter reflects a slight oversupply. Under this situation, the market will take the lead in paying attention to the rare earth concentrate trading prices of North China and Baogang Co., Ltd. in the second quarter; ② Analysts said that if spot market prices never rise, not only will they not receive orders in the later downstream stages, but they may also face the risk of losing an order.
Northern rare earths have continuously lowered their listing prices, and the prices of several rare earth products have “dived” |Industry News
As we enter the new year, rare earth prices don't seem to be getting warmer. As an industry trend vane, Northern Rare Earth (600111.SH)'s newly determined listing price for rare earth products in February 2024 has once again attracted market attention.
Shenghe Resources' net profit pre-cut by more than 70% Q4 net profit is close to the sum of net profit for the first three quarters of last year|Financial Report Interpretation
① In the fourth quarter of 2023, Shenghe Resources achieved net profit of about 142 million yuan to 232 million yuan. The net profit for a single quarter was close to the total net profit for the first three quarters of last year; ② Shenghe Resources mainly engaged in the rare earth import mining business, and exports of rare earth products showed an overall trend of “volume parity reduction” last year.
[Looking at the data] Northbound capital greatly increased its positions, BYD's three powerful investors joined forces to grab China Mining resources
① Today, BYD received more than 700 million net purchases from Northbound Capital. In addition, new energy stocks such as Tianqi Lithium and Tongwei Co., Ltd. all received net purchases from Northbound Capital. ② The lithium ore stock China Mining Resources was purchased by three first-tier investors, of which CaiTong Securities bought 107 million yuan from Shangtang Road in Hangzhou.
Copper and cobalt production increased by more than 50% last year Luoyang Molybdenum Industry: TFM's new production line is expected to reach production in the first half of the year
① In 2023, with the increase in Congolese gold TFM and KFM production, the company's copper-cobalt production showed explosive growth. ② The construction of the TFM mixed mine project was completed last year, and three new production lines are expected to reach production in the first half of this year.
“Rare Earth Aircraft Carrier” Marries Guangsheng's Non-Ferrous Rare Earth Industry's “One South, One North” Pattern Accelerates Evolution
At the beginning of the new year, Guangsheng Nonferrous Metals (600259.SH) officially announced a “partnership” with the “rare earth aircraft carrier” China Rare Earth Group. This evening, Guangsheng Nonferrous Metals announced that Guangsheng Group, the indirect controlling shareholder, plans to transfer 100% of the shares of its direct subsidiary Guangdong Rare Earth Industry Group to China Rare Earth Group free of charge, causing China Rare Earth Group to indirectly hold 38.45% of the company's shares.
Major asset restructuring will be suspended starting tomorrow! After Chinatungsten Hi-Tech changed from “dry mother” to “mother” Kakizhuyuan, there are still 4 mines to be injected
① Kakizhuyuan, one of the five major mines of the Minmetals Group hosted by the Chinatungsten Hi-Tech Institute, will be the first injection target. ② Trading of the company's shares has been suspended since the opening of the market on December 26. The company expects the suspension period to be no more than 10 trading days. ③ In addition to Kakitsuen, there are 4 others to be injected into the mine.
Exploring Zhangyuan Tungsten's 5G Smart Factory: Mobile and ZTE 5G Deploy Private Network Powder Production Lines May Complete Next Year
① In the finishing process, Zhangyuan Tungsten Industry collaborated with China Mobile Ganzhou Company and ZTE to build a 5G smart factory. The powder production line will be completely remodeled; the upstream mine is expected to be able to operate ground-based remote control machines in 2-3 years. ② Ganzhou Mobile has invested in more than 11,000 5G base stations, continues to build 5G factories and 5G private network applications, and has built a number of projects in smart cities in counties.
Northward Capital Purchase Report: Luoyang Molybdenum Industry Received Net Sales of $3.41 Million.
On December 4, Northside Capital sold a net total of $14.41 million for two consecutive trading days.
The release of production capacity is imminent, and the Congolese gold transportation capacity is insufficient, the Luoyang molybdenum industry: there are new moves to continue to occupy high-quality mineral resources丨Company Research
① The Luoyang Molybdenum Industry is about to release production capacity in the Democratic Republic of the Congo (Gold), and is ranking among the world's largest cobalt and top ten copper producers. ② Chairman Yuan Honglin told the Finance Association reporter, “Continued access to the highest quality mineral resources is the lifeblood of the company's survival and development. In the future, we will continue to focus on the field of non-ferrous metals, especially new energy metals, and will not rashly expand to the downstream processing industry.”
Market share bucked the trend, and performance raised market concerns about rare earths in the north: downstream demand improved compared to the first half of the year | Direct impact on performance
① In the first three quarters of this year, rare earth smelting and separation and rare earth metal production in the north both reached the highest level in history for the same period, yet the total profit for the same period was less than 30% of the annual target, and continued poor performance raised market concerns; ② Affected by overall market supply and demand, the application of magnetic materials increased, which had a supporting effect on prices in the fourth quarter of this year, and the prices of major rare earth products were stable.
Restrictions lifted, Q3 performance doubled month-on-month, Luoyang molybdenum industry: Q4 copper and cobalt production capacity is expected to be further increased丨Interpretation of financial reports
① Thanks to the resolution of the restricted issue in the Democratic Republic of the Congo (DRC), production and sales of copper and cobalt, the two main products of the Luoyang molybdenum industry, are booming. ② Relevant company sources said that with the completion of two world-class projects, Luoyang Molybdenum's copper and cobalt production capacity is expected to increase further in the fourth quarter.
Baowu Magnesium's first financial report after the name change: Magnesium prices dragged down net profit by 60%, and “new forces” such as supply questions added to Baosteel's competitiveness | Interpretation of financial reports
① The first financial report after Baowu Magnesium changed its name. Net profit for the first three quarters decreased by more than 60% year on year, but Q3 increased 20% month-on-month; ② The company's profit is highly correlated with magnesium prices. Overall magnesium prices this year were poor, but the second half of the year rose month by month, and company orders also increased; ③ After Baosteel's strategic holding, Baowu Magnesium is complementing Baosteel's competitiveness in the new energy sector. The company has already supplied goods to the world, Xiaopeng, etc.
Accounts receivable “surged” nearly 200 times year-on-year, China Rare Earth: The fourth quarter was an “offensive battle” | Financial Report Interpretation
① Since this year, the number of rare earth accounts receivable turnover days in China has continued to rise. By the end of the third quarter, China's rare earth accounts receivable were 478 million yuan, up 19748.72% year on year; ② According to industry analysts, the recovery in China's rare earth performance benefited from a rise in heavy rare earth prices in the third quarter, and the decline in performance in the first three quarters led to a year-on-year decline in sales prices of the company's main rare earth products.