智通财经网·2025-09-12 03:50Core Viewpoint - Luoyang Molybdenum (03993) saw a stock increase of over 5%, reaching HKD 13.34 with a trading volume of HKD 405 million, driven by heightened investor interest in computing power and AI sectors following Oracle's substantial USD 300 billion procurement contract [1][1][1] Company Summary - The cobalt materials used in transistor contact layers have significantly enhanced device performance, particularly in advanced processes like 5nm, where cobalt silicide can greatly reduce contact resistance, thus improving transistor switching speed and supporting the performance leap of high-end AI chips [1][1] - The copper-cobalt business continues to contribute positively to the company's growth in both volume and price, with production in the first half of 2025 exceeding targets [1][1] - Future plans include promoting the TFM East District 17K process technology upgrade project to increase production and reduce costs, alongside intensified exploration efforts to increase reserves [1][1] Industry Summary - North American cloud providers are experiencing positive returns from AI investments and are increasing their investments in AI infrastructure, leading to strong demand for AI computing hardware [1][1] - The temporary suspension of cobalt exports from the Democratic Republic of Congo for four months, combined with declining market inventory levels, is expected to support high cobalt prices, positively impacting the company's revenue [1][1]