Zhi Tong Cai Jing·2025-08-14 03:28Core Viewpoint - China Metallurgical Group Corporation (China MCC) has seen its stock price increase by over 6%, currently at HKD 2.22, with a trading volume of HKD 125 million. The company reported a decline in new contract value for the first seven months of 2025 compared to the previous year, but a significant increase in overseas contracts [1][1][1]. Group 1: Company Performance - China MCC's new contract value for January to July 2025 is RMB 611.34 billion, representing an 18.5% decrease year-on-year [1]. - The company secured overseas contracts worth RMB 61.26 billion, which is a 38.0% increase compared to the same period last year [1]. Group 2: Resource and Market Outlook - China MCC is recognized as a key resource enterprise, with significant reserves in nickel, cobalt, lead, zinc, and copper [1][1]. - According to Caitong Securities, as of the end of 2024, the company has mineral reserves of 1,795 thousand tons of copper, 184.2 thousand tons of nickel, 64.29 thousand tons of zinc, 32.11 thousand tons of lead, and 20.9 thousand tons of cobalt [1][1]. - The demand for copper, nickel, and cobalt is expected to remain strong due to the steady development of downstream industries such as electricity and new energy [1][1]. - The company has two pending production mines with a copper reserve of 16.14 million tons, which are anticipated to contribute significantly to performance once operational [1].