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.

cls.cnMay 16 02:37

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.

wallstreetcnMay 16 02:28

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.

cls.cnApr 29 08:17

After standing on the “cusp”, Tianqi Co., Ltd. Q1 Weiying's overseas smart equipment orders surged, but the lithium battery business was still losing money

① Compared to the popularity of the secondary market, the company's performance was tepid. Last year's revenue and net profit both declined, and the first quarter of this year was only a slight profit. ② By the end of Q1, the company had existing orders of 1,263 million yuan for intelligent equipment and 312 million yuan of new contracts in Q1, of which overseas accounted for 49%. According to the company, the gross profit of overseas projects is high. ③ The company's lithium battery recycling business saw a decline in revenue and loss of profit last year. There is still no profit in Q1.

cls.cnApr 25 11:10

Fangyuan Co., Ltd. terminated a fixed increase of 455 million last year's net loss and plans to launch a “hedging” strategy to deal with market fluctuations

① Fangyuan Co., Ltd. stated that considering factors such as changes in the external market environment, fund-raising project plans, and the company's own actual situation, the company decided to stop issuing A-shares to specific targets in 2023. ② Company staff said that related lithium battery recycling business will continue to be carried out, and subsequent funding sources will be promoted in an orderly manner using own or self-raised funds.

cls.cnApr 19 20:16

The number of tenders in the first three months has surpassed that of last year, commercial riders and hydrogen vehicles were “launched as soon as possible”

① According to incomplete statistics from public information, in just three months since 2024, the number of tenders for hydrogen vehicles has reached 2,744, which is more than the whole of last year. ② Qu Fang, an investment advisor at Wanlian Securities, said. “Previously, due to cost issues, the large-scale implementation of hydrogen vehicles was slow. However, in the past two years, fueled by factors such as policy impetus and technological breakthroughs, the commercialization process of hydrogen energy vehicles has been accelerating.”

cls.cnApr 7 19:04