Core Viewpoint - The Hong Kong stock market saw a significant rise in the non-ferrous metal sector, driven by supply concerns following Freeport McMoran's announcement of force majeure at its Grasberg mine in Indonesia, which is critical to global copper supply [1] Group 1: Market Performance - China Daye Nonferrous Metals rose over 12.5%, with a year-to-date increase of 31.25% [2] - Luoyang Molybdenum increased by 11.01%, marking a staggering year-to-date rise of 179.76% [2] - Jiangxi Copper Co. saw an increase of 7.98%, with a year-to-date growth of 128.95% [2] - Jinchuan Group's share price rose by 5.71%, with a year-to-date increase of 189.09% [2] - Zijin Mining's stock increased by 4.59%, with a year-to-date rise of 128.01% [2] - Ganfeng Lithium's shares rose by 3.35%, with a year-to-date increase of 94.93% [2] Group 2: Supply Concerns - Freeport McMoran's Grasberg mine accounts for 3.2% of global copper supply and over 70% of the company's total copper production [1] - The unexpected supply disruption is expected to impact global copper production by more than 6% [1]

Core Viewpoint - The issuance of the "Opinions on Deepening the Implementation of 'Artificial Intelligence+' Action" is expected to support the development of embodied intelligent robots, leading to high-quality growth in the industry [1] Company Summary - Jinli Permanent Magnet (06680) saw a stock price increase of over 7%, reaching HKD 22.46 with a trading volume of HKD 124 million [1] - The company has established a division for embodied robot motor rotors, anticipating small batch deliveries of these products by the first half of 2025 [1] - Jinli Permanent Magnet plans to achieve a production capacity of 32,000 tons of magnetic materials in 2024, with a goal to expand to 38,000 tons by the end of 2024 [1] - The company is also progressing on its "20,000 tons high-performance rare earth permanent magnet materials green manufacturing project," aiming for a total capacity of 60,000 tons by 2027 [1] Industry Summary - The embodied intelligent robot sector is identified as a key area for future growth, with potential disruptive opportunities arising from new technologies [1] - The industry is expected to benefit from advancements in technology, supporting infrastructure, and regulatory frameworks following the recent government approval [1]

Group 1 - The Hong Kong stock market saw a significant rise in the non-ferrous metal sector, with China Daye Nonferrous Metals up over 12%, Luoyang Molybdenum up over 11% reaching a historical high, Jiangxi Copper up nearly 8%, Jinchuan Group up over 5%, Zijin Mining up over 4%, and Ganfeng Lithium up over 3% [1] - Freeport McMoran announced a force majeure on its Grasberg mine in Indonesia, which has reignited market concerns over supply, pushing LME copper futures to a one-year high [1] - The Grasberg mine accounts for 3.2% of global copper supply and over 70% of Freeport's total copper production, with unexpected supply disruptions expected to impact over 6% of global copper output [1] Group 2 - The stock performance of key companies in the non-ferrous metal sector includes: - China Daye Nonferrous Metals: up 12.50%, latest price at 0.063, market cap at 1.127 billion, year-to-date increase of 31.25% [2] - Luoyang Molybdenum: up 11.01%, latest price at 13.910, market cap at 29.7595 billion, year-to-date increase of 179.76% [2] - Jiangxi Copper: up 7.98%, latest price at 26.780, market cap at 9.2732 billion, year-to-date increase of 128.95% [2] - Jinchuan Group: up 5.71%, latest price at 22.200, market cap at 303.8 million, year-to-date increase of 189.09% [2] - Zijin Mining: up 4.59%, latest price at 31.000, market cap at 82.3905 billion, year-to-date increase of 128.01% [2] - Ganfeng Lithium: up 3.35%, latest price at 38.860, market cap at 799.43 million, year-to-date increase of 94.93% [2]

Core Viewpoint - The stock of Jinli Permanent Magnet (300748) has risen over 7%, currently trading at 22.46 HKD, following the release of the "Opinions on Deepening the Implementation of 'Artificial Intelligence+' Action" by the State Council, which is expected to support the development of embodied intelligent robots and related industries [1] Group 1: Industry Insights - The "Artificial Intelligence+" policy is anticipated to facilitate high-quality development in the embodied intelligent robot sector, enhancing technology, infrastructure, and regulatory frameworks [1] - CITIC Securities recommends focusing on leading companies in the embodied intelligent industry chain that possess high technical barriers and potential disruptive opportunities from new technologies [1] Group 2: Company Developments - Jinli Permanent Magnet has established a division for embodied robot motor rotors, indicating a strategic shift towards this growing market, with small batch deliveries expected in the first half of 2025 [1] - The company plans to achieve a practical production capacity of 32,000 tons of magnetic materials in 2024, with a target to complete a production line for 38,000 tons by the end of 2024 [1] - Additionally, the "Green Intelligent Manufacturing Project for 20,000 tons of high-performance rare earth permanent magnet materials" is on schedule, aiming for a total capacity of 60,000 tons by 2027 [1]

Group 1 - The company Jinli Permanent Magnet (300748.SZ) announced on September 24 that its actual production capacity for magnetic materials in 2024 will be 32,000 tons [1] - By the end of 2024, the company plans to complete the construction of a production capacity of 38,000 tons of magnetic materials and an advanced embodied robot motor rotor production line [1] - The "20,000 tons high-performance rare earth permanent magnet materials green manufacturing project" is under construction as planned, with a target completion of 60,000 tons of magnetic material capacity by 2027 [1]

Group 1 - China Chengtong Holdings Group Co., Ltd. reduced its stake in Jinli Permanent Magnet (300748) by 2.8244 million shares at a price of HKD 23.8093 per share, totaling approximately HKD 67.247 million [1] - After the reduction, the latest shareholding number is approximately 35.0889 million shares, representing a holding percentage of 15.38% [1] - The transaction involved other related parties, specifically China State-Owned Enterprises Mixed Ownership Reform Fund Co., Ltd. [1]

智通财经APP获悉，香港联交所最新资料显示，9月11日，中国诚通控股集团有限公司减持金力永磁 (06680)282.44万股，每股作价23.8093港元，总金额约为6724.7万港元。减持后最新持股数目约为 3500.89万股，最新持股比例为15.38%。 本交易涉及其他关联方：中国国有企业混合所有制改革基金有限公司。 ...

Market Overview - The metal new materials sector experienced a decline of 0.75% on September 16, with Jinli Permanent Magnet leading the drop [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Stock Performance - Notable gainers in the metal new materials sector included: - Youyan Powder Materials (688456) with a closing price of 54.00, up 10.29% and a trading volume of 41,500 shares, totaling 216 million yuan [1] - Jiangnan New Materials (603124) closed at 87.98, up 4.01% with a trading volume of 34,200 shares, totaling 297 million yuan [1] - New Life (301323) closed at 52.30, up 3.73% with a trading volume of 26,800 shares, totaling 138 million yuan [1] - Conversely, significant decliners included: - Jinli Permanent Magnet (300748) closed at 35.59, down 3.37% with a trading volume of 720,500 shares, totaling 254.7 million yuan [2] - Dadi Energy (688077) closed at 37.58, down 2.99% with a trading volume of 49,800 shares, totaling 187 million yuan [2] - Zhongke Sheng (301141) closed at 63.45, down 2.23% with a trading volume of 46,700 shares, totaling 29.5 million yuan [2] Capital Flow - The metal new materials sector saw a net outflow of 970 million yuan from institutional investors, while retail investors contributed a net inflow of 858 million yuan [2] - The capital flow for specific stocks showed: - Youyan Powder Materials had a net inflow of 17.01 million yuan from institutional investors, while retail investors had a net outflow of 1.67 million yuan [3] - New Life experienced a net inflow of 7.92 million yuan from institutional investors, with retail investors showing a net outflow of 4.83 million yuan [3] - Jiangnan New Materials had a net inflow of 7.21 million yuan from institutional investors, while retail investors had a net outflow of 3.12 million yuan [3]

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Increased Holdings - Heng Rui Medicine (01276) saw the largest increase in ownership percentage, rising by 1.49% to a total of 13.84% [2]. - Kanglong Chemical (03759) experienced a 1.35% increase, bringing its ownership to 60.51% [2]. - Zhaoyan New Drug (06127) increased by 1.27%, reaching a holding of 43.70% [2]. - Other companies with significant increases include Junshi Biosciences (01877) at +1.24% (59.08%) and China Pacific Insurance (02601) at +1.20% (44.16%) [2]. Group 2: Decreased Holdings - Shandong Molong (00568) had the largest decrease, with a drop of 1.99% to 57.67% [2]. - Yisou Technology (02550) decreased by 0.99%, now holding 37.95% [2]. - Nanjing Panda Electronics (00553) saw a reduction of 0.98%, bringing its ownership to 42.65% [2]. - Other notable decreases include Kailai Ying (06821) at -0.95% (43.35%) and Meizhong Jiahe (02453) at -0.95% (32.06%) [2]. Group 3: Five-Day Changes - In the last five trading days, China Merchants Energy (01138) had the highest increase in ownership, up by 6.19% to 65.63% [3]. - Shandong Molong (00568) also saw a significant increase of 3.74% [3]. - Other companies with notable increases include Zhongchu Innovation (03931) at +3.62% (10.35%) and Youbao Online (02429) at +3.33% (17.38%) [3]. Group 4: Twenty-Day Changes - Over the past twenty days, Anjiren Food (02648) experienced the largest increase, up by 12.29% to 20.54% [4]. - China Merchants Energy (01138) also saw a significant increase of 9.07% [4]. - Other companies with notable increases include Yimai Sunshine (02522) at +7.70% (43.02%) and Lens Technology (06613) at +7.56% (13.64%) [4].

Group 1 - The market anticipates a potential 50 basis points interest rate cut by the Federal Reserve, leading to strong performance in Asian stock markets [2] - The expectation of a rate cut is driving global funds to accelerate purchases of gold, with recommendations to focus on leading gold companies [2] - The strategic value of rare metals is increasing due to trade disputes and geopolitical conflicts, with a clear global monopoly pattern emerging in the rare earth industry [2] Group 2 - The strategic metals sector may undergo a value reassessment, with recommendations to focus on rare earth magnets and tungsten [3] - Key Hong Kong stocks related to the gold industry include Zijin Mining, Shandong Gold, and China National Gold International [4] - Key Hong Kong stocks related to rare earth magnets include Jien Mining and those related to tungsten include Jiahua International Resources [5]