Core Viewpoint - Xinjiang Xinxin Mining (03833) has experienced a decline of over 17%, yet its year-to-date increase remains above 2.8 times [1] Company Summary - As of the latest report, Xinjiang Xinxin Mining's stock price dropped by 17.38%, trading at 2.9 HKD, with a transaction volume of 154 million HKD [1] - The company announced plans to issue A-shares and list on a Chinese stock exchange to promote sustainable growth in revenue and shareholder returns [1] - Xinjiang Xinxin Mining fully owns four nickel-copper mines: Kalatongke, Huangshan East, Huangshan, and Xiangshan, as well as two vanadium mines: Xianghe Street and Mujiahe, and a fluorite mine: Kalchaer [1] Industry Summary - According to Jianyin International, recent changes in Indonesia's RKAB regulations and increased mining supervision, along with the declaration of force majeure at the world's second-largest copper mine, have raised global metal supply concerns [1] - Nickel prices surged past 124,000 due to these factors, but the fundamental oversupply of primary nickel has not changed significantly, indicating that nickel prices may face upward pressure [1]
新疆新鑫矿业回落逾17% 公司近期宣布回A上市 机构称镍价上方仍然承压