Zhi Tong Cai Jing·2025-10-24 06:46Core Viewpoint - Luoyang Molybdenum (603993)(03993) has seen a stock price increase of over 6%, currently trading at 16.16 HKD with a transaction volume of 768 million HKD, ahead of its third-quarter earnings release [1] Group 1: Company Performance - The company’s core assets include the TFM and KFM copper mines located in the Democratic Republic of Congo [1] - By the first half of 2025, the company will have a total of 6 production lines with an annual copper production capacity exceeding 650,000 tons [1] - TFM's operational efficiency has improved, and the eastern zone's capacity is being continuously released, leading to significant enhancements in product quality and a notable reduction in costs compared to last year [1] Group 2: Production and Projects - KFM's copper production completion rate has significantly exceeded the median target [1] - New projects are progressing steadily, with TFM completing geological modeling for relevant exploration bodies and KFM's second-phase project actively being prepared [1] - The Heshima hydropower station and renewable energy projects in the Democratic Republic of Congo are advancing smoothly, providing long-term stable energy support for future capacity increases [1] Group 3: Future Outlook - The company plans to achieve an annual copper production of 800,000 to 1,000,000 tons and cobalt production of 90,000 to 100,000 tons [1] - The flexibility in copper and cobalt production capacity suggests a promising potential for performance release in the future [1]