Zijin Mining Group plans to build another overseas mine with an investment exceeding ten billion yuan, expecting to produce 0.1 million tons of copper and 3.8 tons of gold annually. | Quick read announcement
1. Zijin Mining Group once again took a major overseas copper-gold mine with an investment of over 10 billion yuan; 2. Expected annual copper production of 0.1 million tons and gold production of 3.8 tons.
The lithium carbonate market is stable with an upward trend, and institutions predict that the inflection point of lithium salt inventory is about to come.
Shanghai Ganglian E-commerce Holdings released data shows that on November 1st, lithium carbonate prices rose by 1000 yuan compared to the previous day, with an average price of 0.074 million yuan/ton. According to E-business Society, the recent lithium carbonate market has shown a stable and rising trend, mainly due to the enhanced purchasing willingness downstream.
Rare earth mining in Myanmar remains stagnant, china northern rare earth has raised its listing price for three consecutive months, industry insiders believe the industry is expected to rebound | Industry News
①Following the 'high hanging' of rare earth product listing prices in September and October, China Northern Rare Earth continued to slightly raise the listing price in November; ②The increase in the listing price of China Northern Rare Earth in November narrowed compared to the previous month, possibly related to the high opening and low closing of the 'golden September and silver October' market; ③HTSC believes that the suspension of mining in Myanmar may lead to a shortage of medium and heavy rare earth supply, with significant difficulty in resuming supply within the year.
Foreign public fund latest hold positions exposure! Fund managers are bullish on china's stock market valuation repair.
With the disclosure of the third quarter report, public funds under international asset management giants such as BlackRock and Fidelity have all their holdings exposed.
Q3 non-GAAP net profit turned from profit to loss quarter-on-quarter, sinomine resource group's performance "changes color" | interpretations
① Sinomine Resource Group's Q3 non-net income turned from profit to loss; ② Industry insiders analyze that after the bottoming out of lithium carbonate prices in the third quarter, stabilizing rebound is mainly related to the oversupply situation of lithium carbonate in July and August. It is expected that the price of lithium carbonate in the fourth quarter will continue to fluctuate weakly. The current psychological hedge price in the upstream is between 0.078 million-0.08 million yuan/ton. It is expected that the monthly supply of lithium carbonate will turn into surplus in December, and prices will continue to decline.
cmoc group limited Q3 net income increased by 64.12%, copper related business gross margin increased by 15.81% | Financial Report Insights
In the third quarter, the gross margin of copper mining and processing business increased by 15.81% year-on-year, while the gross margin of phosphate fertilizer business increased by 8.29% year-on-year. The net income of cmoc group limited was 2.856 billion yuan, a year-on-year increase of 64.12%, with a total revenue of 51.936 billion yuan, up 15.53% year-on-year.