香港联交所最新资料显示，9月19日，摩根大通增持洛阳钼业（603993）(03993)98.7743万股，每股均价 12.5361港元，总金额约为1238.24万港元。增持后最新持股数目约为2.36亿股，最新持股比例为6.00%。 ...

智通财经APP获悉，香港联交所最新资料显示，9月19日，摩根大通增持洛阳钼业(03993)98.7743万股， 每股均价12.5361港元，总金额约为1238.24万港元。增持后最新持股数目约为2.36亿股，最新持股比例 为6.00%。 ...

Core Viewpoint - The Democratic Republic of Congo (DRC) has lifted its cobalt export ban and shifted to a quota system, allowing for significant exports in the coming years, which is expected to impact the global cobalt supply chain and market dynamics [1][5]. Group 1: Policy Changes and Market Impact - The DRC will allow over 18,000 tons of cobalt exports in 2023, with annual quotas of 96,600 tons for 2026 and 2027, distributed based on companies' historical export volumes [1]. - Following the announcement, cobalt-related stocks in China's A-share market saw significant increases, indicating a positive market reaction [1]. - The shift from a complete export ban to a quota system suggests a more refined approach to managing cobalt resources in the DRC [5]. Group 2: Supply and Demand Dynamics - The cobalt market is currently facing a raw material shortage, with high concentration in spot inventories, leading to price increases primarily driven by traders and companies holding physical stocks [2]. - The battery sector, which consumes over 70% of cobalt, is experiencing pressure due to inventory levels, causing battery manufacturers to reduce procurement from upstream suppliers [2]. - The DRC's export policy change is expected to lead to a supply shortage in the global cobalt market from 2025 to 2027, with projected shortfalls of 122,000 tons, 88,000 tons, and 97,000 tons respectively [8]. Group 3: Price Trends and Market Reactions - Domestic cobalt prices in China have been reported between 270,000 to 290,000 yuan per ton, reflecting an upward trend in the market [3]. - The overall cobalt market is experiencing reduced supply and rising prices, with international demand also increasing, contributing to a bullish outlook for cobalt prices [3]. - Companies in the cobalt sector are currently assessing the new quota system and its implications for their operations, with some indicating that they have sufficient inventory to manage potential supply disruptions [10][11].

Investment Rating - The report maintains a "Positive" rating for the steel industry and a "Positive" rating for the non-ferrous metals industry, with "Accumulate" ratings for specific companies including Luoyang Molybdenum, Zhongjin Gold, Huayou Cobalt, Zijin Mining, and China Aluminum [8]. Core Insights - The steel industry is supported by pre-holiday inventory replenishment by downstream enterprises and the introduction of stable growth policies, which are expected to boost market confidence and potentially support steel prices if the fundamentals continue to improve [4][5]. - For copper, the impact of the Federal Reserve's monetary policy is becoming more pronounced, with expectations of a strong copper price if downstream demand continues to improve [4][46]. - Aluminum prices may also be supported by improving downstream demand and the anticipated easing of monetary policy by the Federal Reserve [4][52]. - Gold prices are expected to stabilize if the U.S. personal consumption expenditures (PCE) index shows signs of slowing down, with long-term attention on the Fed's interest rate path [4][59]. - The cobalt market is experiencing tight supply conditions due to an extended export ban from the Democratic Republic of Congo, which is likely to strengthen cobalt prices in the short term [4][20]. - The rare earth market is expected to see price fluctuations due to weak seasonal demand, with attention on international trade policies affecting exports [4][5]. Summary by Sections Steel Industry - The Ministry of Industry and Information Technology has issued a "Steel Industry Stable Growth Work Plan" targeting an average annual growth of 4% in value added for the steel industry over the next two years [22]. - The plan includes ten specific measures focusing on consumption peak, supply quality improvement, industry transformation, effective consumption expansion, and deepening open cooperation [22]. - Recent data indicates a slight increase in steel demand due to construction material consumption, while supply has decreased slightly, leading to a marginal improvement in the market [22][23]. Copper Industry - The copper market is showing signs of recovery in downstream demand, with increased operating rates in domestic copper rod enterprises [45][46]. - The supply side remains stable, and the copper price is expected to be supported if demand continues to improve [46][49]. Aluminum Industry - The aluminum sector is benefiting from improved downstream demand and stable production costs, with expectations of price support from the Fed's easing policies [52][53]. Precious Metals - The gold market is influenced by geopolitical tensions and U.S. economic indicators, with potential price support if inflation data shows signs of slowing [59][60]. Cobalt and Rare Earths - The cobalt market is facing supply constraints due to export restrictions from the DRC, while the rare earth market is experiencing price volatility amid weak demand [4][20].

Core Viewpoint - Luoyang Molybdenum's recent stock incentive plan is a significant strategic move aimed at attracting top global talent and enhancing organizational capabilities, marking one of the largest incentive plans in the Hong Kong market in recent years [1][2][4] Group 1: Stock Incentive Plan - The company plans to grant up to 393 million H-shares for stock incentives, representing about 10% of the total issued H-shares, with a total value of approximately HKD 5 billion, accounting for 1.8% of the company's market capitalization [1] - This incentive plan is comparable in scale to those of major internet companies, with only four larger plans in the Hong Kong market since 2021 [1] - The last stock incentive plan was implemented over four years ago, indicating a significant increase in the scale and ambition of the current plan [6] Group 2: Strategic Direction - The company is focusing on a dual strategy centered on copper and gold, while diversifying into other metals like molybdenum and tungsten through a multi-variety, multi-country, and multi-stage acquisition strategy [3] - The strategic focus includes enhancing resilience against resource cycle fluctuations and capitalizing on price cycles across different resource types [3] Group 3: Organizational Upgrades - The stock incentive plan is part of a broader organizational upgrade aimed at building a young, international, and professional management team, which has already shown positive results in the company's financial performance [4] - The company reported a net profit of CNY 8.671 billion for the first half of the year, a 60.07% increase year-on-year, and a cash flow of CNY 12.009 billion, up 11.40% [4] Group 4: Talent Development - The company recognizes the need for talent development as a strategic priority, aiming to cultivate and attract top talent to support its global competitiveness [5] - The incentive plan is designed to create a "shared benefits community" among top talents and the company, aligning their interests with the company's long-term vision [5][7] Group 5: Innovative Incentive Approach - The company emphasizes that the incentive scheme will not be a one-size-fits-all approach but will focus on key talents crucial for the company's development [7] - Future incentive plans will be closely aligned with the company's operational strategies and acquisition plans, ensuring that the right talents are incentivized to drive value creation [7]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 CMOC Group Limited* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03993） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 以下為洛陽欒川鉬業集團股份有限公司（「本公司」）於上海證券交易所網站 (www.sse.com.cn )所發佈《洛陽欒川鉬業集團股份有限公司第七屆董事會第四次臨 時會議決議公告》《洛陽欒川鉬業集團股份有限公司第七屆監事會第八次會議決議 公告》。 承董事會命 洛陽欒川鉬業集團股份有限公司 劉建鋒 董事長 中華人民共和國河南省洛陽市， 二零二五年九月二十三日 於本公告日期，執行董事為劉建鋒先生、孫瑞文先生及闕朝陽先生；非執行董 事為林久新先生及蔣理先生；及獨立非執行董事為王開國先生、顧紅雨女士及 程鈺先生。 * 僅供識別 股票代码：603993 股票简称：洛阳钼业 编号：2025—047 洛阳栾川钼业集团股份有限公 ...

洛陽欒川鉬業集團股份有限公司 H股受限制股份計劃 | | 釋義 | 1 | | --- | --- | --- | | 1. | 目的及目標 | 4 | | 2. | 合資格參與者 | 4 | | 3. | 激勵股份的來源、購買價及期限 | 7 | | 4. | 管理 | 7 | | 5. | 計劃授權限額及服務提供者分項限額 | 9 | | 6. | 個人限額 | 10 | | 7. | 向關連人士授予獎勵 | 11 | | 8. | 授予獎勵 | 12 | | 9. | 獎勵的歸屬 | 14 | | 10. | 獎勵失效 | 16 | | 11. | 退扣及取消選定參與者資格 | 17 | | 12. | 其他條款及條件 | 19 | | 13. | 退還股份 | 21 | | 14. | 受託人購買限制 | 21 | | 15. | 收購、供股、公開發售、以股代息計劃 | 22 | | 16. | 註銷激勵股份 | 24 | | 17. | 爭議 | 24 | | 18. | 修改計劃 | 24 | | 19. | 終止 | 25 | | 20. | 預扣 | 25 | | 21. | 雜項 | 26 ...

洛陽欒川鉬業集團股份有限公司 CMOC Group Limited* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03993） 本人╱吾等 （附註2） | 地址為 | （H股股東名冊上之地址）， | | | | --- | --- | --- | --- | | 為持有洛陽欒川鉬業集團股份有限公司（「本公司」）股本中股每股面值人民幣0.20元的H股共 | （附註3） | 股 | 的 | | （附註4） 登記持有人，茲委任大會主席 或 | | | | | 地址為 | | | | 本人╱吾等的代表，代表本人╱吾等出席本公司謹訂於二零二五年十月十五日（星期三）下午一時三十分假座中國上海市浦東新區 富城路33號浦東香格里拉大酒店浦江樓2樓北京廳舉行的二零二五年第一次臨時股東大會（「臨時股東大會」）（及其任何續會），以審 議並酌情通過召開臨時股東大會通告上所載之決議案，並在臨時股東大會（及其任何續會）上按下列指示代表本人╱吾等的名義就 決議案投票。如無任何指示，則本人╱吾等的代表可自行酌情投票。除文義另有所指外，本代表委任表格中所用詞彙具有本公司 日期為二零二五年九月二十三日的通函所界定之涵義。 請於適當的 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本通告全部或任何部份內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 – 1 – 1. 「審議及批准H股受限制股份計劃。」 2. 「審議及批准計劃授權限額，惟須待採納H股受限制股份計劃後，方可作 實。」 3. 「審議及批准服務提供者分項限額，惟須待採納H股受限制股份計劃及批准 計劃授權限額後，方可作實。」 4. 「審議及批准授權董事會及╱或其授權人士處理有關H股受限制股份計劃的 事宜。」 洛陽欒川鉬業集團股份有限公司 CMOC Group Limited* （於中華人民共和國註冊成立的股份有限公司） （股份代號：03993） 二零二五年第一次臨時股東大會通告 茲通告洛陽欒川鉬業集團股份有限公司（「本公司」）謹訂於二零二五年十月十五 日（星期三）下午一時三十分假座中華人民共和國（「中國」）上海市浦東新區富城路33號 浦東香格里拉大酒店浦江樓2樓北京廳舉行二零二五年第一次臨時股東大會（「臨時股東 大會」），藉以審議及酌情通過下列決議案。除非另有定義，本通告所使用詞彙與本公 司 ...

Core Viewpoint - Luoyang Molybdenum (603993)(03993) announced a proposal for an H-share restricted stock plan aimed at strengthening ties with key personnel and enhancing alignment with the company's long-term development [1] Group 1: Objectives of the H-share Restricted Stock Plan - The plan aims to deepen the connection between the company and key personnel who significantly impact its business, establishing a more resilient community of interests [1] - It follows the principle of "incentives and constraints" to include outstanding employees and individuals in the incentive scope, recognizing their dedication and contributions while encouraging continuous improvement [1] - The plan serves as a crucial strategy for talent retention and attraction, encouraging broader participation to ensure a solid talent foundation for achieving the company's strategic and operational goals [1]