Hua Xia Shi Bao·2025-10-11 14:15Core Viewpoint - Luoyang Molybdenum Co., Ltd. has experienced significant stock price fluctuations, driven primarily by rising copper prices, with a notable increase of 24% in stock price over a few trading days, reaching a historical high of 18 yuan per share [2][4][6]. Company Performance - Since April 9, 2023, Luoyang Molybdenum's stock price has surged by 218%, increasing its market capitalization from 121 billion yuan to a peak of 384 billion yuan, and maintaining a market cap of 357.7 billion yuan as of October 10, 2023 [2][4]. - The company reported a net profit of 8.671 billion yuan for the first half of 2025, reflecting a year-on-year increase of 60.07% [2][11]. Market Dynamics - The stock price of Luoyang Molybdenum is closely linked to copper prices, which have risen from 9,154 USD/ton to 10,867 USD/ton since April 11, 2023, marking an increase of 18.7% [8]. - The company has strategically positioned itself in the copper and cobalt markets, capitalizing on the growing demand driven by the global energy transition [3][10]. Strategic Initiatives - Luoyang Molybdenum has focused on acquiring high-quality mining resources, including significant stakes in world-class mines, which has established a long-term cost advantage [3][9]. - The company has adopted a "mining + trading" dual-driven model to maximize the value of its mining industry chain [6][10]. Challenges and Future Outlook - Despite strong performance, Luoyang Molybdenum faces challenges related to its dependence on cyclical industries and market volatility, particularly in the context of global supply chain uncertainties [2][4]. - The company is exploring new growth paths to reduce reliance on cyclical profits and ensure sustainable growth [2][10].